In reality it’s safe to say Obamacare hasn’t cut the deficit by a single dollar.
Via Mediaite:
Republicans have claimed for months that the mandatory spending cuts contained within the Budget Control Act, also referred to as sequestration, are responsible for the nation’s declining budget deficit. On Friday, an advisor to President Barack Obama countered this narrative and insisted that the Affordable Care Act is largely responsible for deficit reduction. […]
“You know what the Republicans would say,” Jansing queried. “The effect of the sequester has been terrific on the debt and in fact they would take a lot of credit for what we’re seeing right now in debt reduction. What would you say?”
“If you look at the biggest thing that are cutting our deficit over the medium and long run, it’s actually the Affordable Care Act,” Furman asserted. “Which is, you know, by bringing down the cost of health care, that doesn’t just help our economy, it helps bring our deficit down.”