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

Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.


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.

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you'll agree is worth supporting.

payment methods

ONE MORE QUICK THING:

Or at least we hope. It’s fall fundraising time, and we’re trying to raise $250,000 to help fund Mother Jones’ journalism during a shorter than normal three-week push.

If you’re reading this, a fundraising pitch at the bottom of an article, you must find our team’s reporting valuable and we hope you’ll consider supporting it with a donation of any amount right now if you can.

It’s really that simple. But if you’d like to read a bit more, our membership lead, Brian Hiatt, has a post for you highlighting some of our newsroom's impressive, impactful work of late—including two big investigations in just one day and covering voting rights the way it needs to be done—that we hope you’ll agree is worth supporting.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate