The Senate Budget Committee’s Republican staffers once again took aim at President Obama’s claims about the Affordable Care Act Thursday.
“Health care has long been the single-biggest driver of America’s future deficits,” Obama said in a recent speech at Northwestern University. “It’s been the single-biggest driver of our debt. Health care is now the single-biggest factor driving down those deficits.”
The deficit has been falling in the past few years and has reached a six-year low, but the Congressional Budget Office projects it will rise along with the debt in coming years.
Obama has said he would not sign a law that increased the deficit, but Obamacare alone is expected to increase the deficit by more than $100 billion over the next ten years, according to a Senate Republican Budget Committee staff analysis based on Congressional Budget Office and Joint Committee on Taxation data.
That deficit will increase to about $6.2 trillion over the next 75 years, a Government Accountability Office study shows.