Health Care Reform FACT CHECK: Deficit Reduction

WHAT REPUBLICANS ARE SAYING:

Rep. Leonard Lance: “Failure to repeal the health care law will add an additional $700 billion to our national deficit in the next 10 years.”

HERE ARE THE FACTS:

From the non-partisan Congressional Budget Office:

“As a result of changes in direct spending and revenues, CBO expects that enacting H.R. 2 would probably increase federal budget deficits over the 2012–2019 period by a total of roughly $145 billion (on the basis of the original estimate), plus or minus the effects of technical and economic changes that CBO and JCT will include in the forthcoming estimate. Adding two more years (through 2021) brings the projected increase in deficits to something in the vicinity of $230 billion, plus or minus the effects of technical and economic changes.”

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