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October 14, 2011

CLASS Act of ObamaCare Abandoned as "Financially Unsound"

ObamaCare actually made the execution of this law contingent on the Secretary of Health and Human Services certifying it to be financially sound, which she is not so certifying it. So that's why the executive gets to un-do a law, in case you were wondering (I was, myself).

Andrew Stiles can only shake his fist at the sky:

The CLASS Act’s demise, while all but inevitable, is disturbing on a number of levels. It’s hard to think of a more fitting example of how the budget process in Washington has been completely corrupted. What kind of depraved accounting scheme lets Congress enact into law a program that literally cannot sustain itself from the get-go? A program that the CBO, in accordance with an absurdly flexible set of budgetary rules, scored as deficit-reducing! Not only that, but the 10-year’s worth of CLASS Act premiums accounted for most of the overall “savings” under Obamacare. In fact, the law almost certainty could not have passed without them, as they were included to give the (false) appearance of fiscal sanity.

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posted by Ace at 05:05 PM

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