No Matter How You Slice It, Obamacare Reduces the Federal Deficit

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We now live in the blessed era of dynamic scoring, something that Republicans have lusted over for decades. When the Congressional Budget Office makes economic projections, it can no longer just look at spending and taxes and subtract one from the other to get deficits. No siree. First they have to pay homage to the Laffer Curve and acknowledge that lower taxes will supercharge the economy and higher taxes will tank the economy. Then they recompute how much tax revenue they’re really going to get.

Anyway, CBO is now required to do this, so here’s their projection about how Obamacare will affect the federal deficit. Under the old-fashioned method, it will lower the deficit by $118 billion in 2025. But using the sleek new dynamic scoring system insisted on by Republicans, the truth becomes evident and Democratic evasions are exposed for all the world to see. Obamacare will, um, still reduce the deficit. But only by $98 billion.

In truth, this stuff is so open to interpretation and assumptions (and future congressional action) that neither number means much. Still, if you want to know if Obamacare pays for itself using our best estimates, it does. Even using dynamic scoring, it pays for itself. That’s more than Republicans ever do with their programs.

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From the desk of Mother Jones CEO, Monika Bauerlein...

Newsrooms can be funded in many ways. One of the most controversial (and volatile) ways is by a for-profit corporation or a billionaire owner. We see it across the headlines on a weekly basis: the claw backs in public media, the gutting of The Washington Post, the bending over backwards to appeal to Trump and his allies.

But not here.

When Mother Jones first started publishing 50 years ago, our founders made a critical decision: to be a reader-supported nonprofit. They knew that no corporate owner would be interested in a muckraking newsroom; they also knew that no muckraking newsroom would be interested in following the agenda of a corporate owner.

And so, we’ve been reader-funded for half a century. We rely on contributions from our readers—readers like you—whether it’s $50, or $15 a month, or whatever fits your budget. People give what they can, and every donation makes a difference for our newsroom, which has grown tremendously—in size and reach and renown—since its inception in 1976.

You may be wondering: What does it take to publish an investigation? And what does my donation actually fund? The answers are one and the same: It takes people, resources, and time. And that’s what your donation funds directly.

Every donation Mother Jones receives from readers fortifies our newsroom, whether we’re covering underreported scandals out of Washington, DC, or the most important news of the day. And right now, each donation will be doubled because of our $50,000 match. So when you make a donation—$5, $50, any amount—it’ll go twice as far.

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