Sebelius Admits Double Counting Medicare Savings
The conservatives have been saying this from the very beginning and now the truth comes out.
for quite some time. The Obama administration is double counting $500 billion in Medicare cuts.
The $500 billion in Medicare cuts is being used not only to fund the Obamacare health care reform law, but also is being counted as improving the government’s ability to pay Medicare benefits. Only the United States government can perform such accounting gymnastics with a straight face.
This is kind of like someone claiming an expense as a deduction in one’s taxes and then claiming the savings as income for the purposes of getting a loan. People and businesses who try that kind of accounting gimmick tend to go to jail.