Budget

Budgepocalypse Now

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 Washington… shit; I'm still only in Washington… Every time I think I'm gonna wake up back in the jungle.

Can we stop pretending the Affordable Care Act is fiscally responsible now? Politico notes what opponents of the health care bill figured out a while ago: Even if the Medicare cuts work (a dubious proposition), using those cuts to fund a new entitlement has made long-term deficit reduction much more difficult:

Health care ate up most of the available Medicare savings and popular tax offsets that might otherwise be tapped to narrow the deficit. And as a result, it's harder to dig out of the deficit hole, and little progress will be made in the short term absent a further surge in the economy.

Another day, another step closer to the budgepocalypse.