Pollster Scott Rasmussen’s latest release shows that, “Only 29% predict that repeal (of ObamaCare) will increase the federal budget deficit.” In other words, the vast majority of Americans don’t believe the Congressional Budget Office’s preliminary estimate that repealing ObamaCare would add up to $230 billion to the deficit. Americans aren’t stupid; we realize that interfering with market choices and adding layers of federal bureaucracy at HHS to run part or all of the health care system can never reduce the deficit. The poll finding comes a week after House Speaker John Boehner and Majority Leader Eric Cantor personally challenged CBO’s guesstimates on the impact of ObamaCare.
So why is the House Judiciary Committee Chairman, Rep. Lamar Smith, still citing CBO’s estimate that limiting our 7th Amendment rights to sue for medical malpractice will magically produce $54 billion in deficit reduction? Doesn’t he realize that CBO has a long history of being WRONG in its deficit estimates for much of the past twenty years? For instance: In 1993, CBO forecast that the deficit in fiscal year 2002 would be $579 billion. Two years later, they reduced the FY2002 forecast to $349 billion, Two years later, they reduced it again, to $188 billion. By 2001, they had figured that the budget would be IN SURPLUS by $176 billion.
Why should any American, and especially a House committee chairman, trust any forecast that is so wrong and can change by so much? If CBO can’t even consistently forecast whenther we’ll have a federal deficit or a surplus a few years from now, how can Congress count on it as the basis for possibly abridging our unalienable right to a civil jury trial?