Will baselessly claimed health care reform plans will increase U.S. "debt and borrowing"

SUMMARY: In his November 12 Washington Post column, George Will asserted that "[g]old increasingly looks to investors to be a more reliable store of value than governments' bonds are, especially U.S. bonds as the U.S. government threatens to pile a mammoth health-care entitlement onto the nation's Ponzi welfare state, increasing the nation's debt and borrowing." However, Will's suggestion that health care reform will "increas[e] the nation's debt and borrowing" is undermined by the conclusion of the Congressional Budget Office (CBO) that health care reform bills in the House and the Senate will reduce federal deficits over 10 years and are expected to continue to yield savings beyond 2019.

Comments