http://www.readersupportednews.org/opinion2/277-75/13047-newsweek-obama-
attack-draws-intense-fire
Newsweek Obama Attack Draws Intense Fire
By Paul Krugman, The New York Times
21 August 12
There are multiple errors and misrepresentations in Niall Ferguson's
cover story in Newsweek - I guess they don't do fact-checking - but this
is the one that jumped out at me. Ferguson says:
The president pledged that health-care reform would not add a cent to
the deficit. But the CBO and the Joint Committee on Taxation now estimate
that the insurance-coverage provisions of the ACA will have a net cost of
close to $1.2 trillion over the 2012-22 period.
Readers are no doubt meant to interpret this as saying that CBO found
that the Act will increase the deficit. But anyone who actually read, or
even skimmed, the CBO report (pdf) knows that it found that the ACA would
reduce, not increase, the deficit - because the insurance subsidies were
fully paid for.
Now, people on the right like to argue that the CBO was wrong. But that's
not the argument Ferguson is making - he is deliberately misleading
readers, conveying the impression that the CBO had actually rejected
Obama's claim that health reform is deficit-neutral, when in fact the
opposite is true.
More than that: by its very nature, health reform that expands coverage
requires that lower-income families receive subsidies to make coverage
affordable. So of course reform comes with a positive number for
subsidies - finding that this number is indeed positive says nothing at
all about the impact on the deficit unless you ask whether and how the
subsidies are paid for. Ferguson has to know this (unless he's completely
ignorant about the whole subject, which I guess has to be considered as a
possibility). But he goes for the cheap shot anyway.
We're not talking about ideology or even economic analysis here - just a
plain misrepresentation of the facts, with an august publication letting
itself be used to misinform readers. The Times would require an abject
correction if something like that slipped through. Will Newsweek?
--
Subscribe:
zepps_essay...@yahoogroups.com
zepps_news...@yahoogroups.com
Unsubscribe:
zepps_essays...@yahoogroups.com
zepps_news-...@yahoogroups.com
Not dead, in jail or a slave? Thank a liberal!