It appears that someone may have been mistaken when he voted in favor of the HealthCare bill. Congressman Jim Cooper told us he voted for health care reform because it would lower the long-term federal deficit but, once again, he has proven to be wrong on fiscal policy.
The Congressional Budget Office released new estimates today that health care reform will cost $110 billion more than was claimed when Congress passed the legislation last month. In fact, costs are now expected to exceed $1 trillion over the next 10 years. The new CBO estimate wipes out President Obama’s claim that health care reform would reduce the federal deficit by more than $100 billion over the next 10 years.
Jim Cooper claims to be a fiscal policy wizard and a fiscal conservative, but the federal debt was $1.6 trillion when he first went to Congress and this month it will exceed $13 trillion. And now the CBO admits that the Cooper-backed health care reform plan won’t reduce the deficit over the next 10 years at all.
Cooper’s mistake is a costly one, unfortunately he doesn’t have to pay the bill. The taxpayers in the 5th district and across Tennessee and America – and their children and grandchildren – do.
The only solution to this mess is to repeal the legislation and start fresh with an approach that is constitutional, rests on faith in the private sector, and doesn’t put the American people another trillion dollars in debt.