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King: New Report Shows ObamaCare Exploding the Debt

Steve King, Iowa Congressman
Steve King, Iowa Congressman

Washington, DC- Congressman King released the following statement after the non-partisan Government Accountability Office (GAO) released a report showing how ObamaCare could increase deficit spending by $6.2 trillion:

“President Obama repeatedly claimed that ObamaCare would be fiscally responsible and not add to the deficit, and his liberal allies in Congress went to work drafting up a bill full of cynical budget gimmicks and double counting to manipulate the bill’s official budget score,” said King. “As the GAO showed today and as I have said since the law’s passage, when you untangle the falsehoods and unsustainable provisions contained in ObamaCare and replace those with the realistic assumptions given to us by our government’s health care fund trustees and actuaries, its budget-busting impact becomes clear. I commend Senator Sessions for requesting this report.

Instead of bending the cost curve down, the health care bill bends the cost curve up, significantly adding to our nation’s already unsustainable debt trajectory. Today’s report should renew the effort to tackle this law before it tackles us.”

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