Saturday, March 05, 2011

Sebelius Admits Double Counting $500 Billion

Video found at Weasel Zippers:

Another example of how our government gets away with Enron-style accounting, which, if done in the private sector, would be a one-way ticket to prison.


Beer, Bicycles and the VRWC said...


Thanks, public education system.

Anonymous said...

It is a little hard to get the thread of the dialogue since the Republican Congressman gives Ms. Sibelius so little time to respond and cuts her off, but she appears to be saying that reductions in the growth of the wasteful Medicare Advantage program cut the Medicare growth rate and thus extend the solvency of the fund. It is true that as an accounting matter under unified government accounting the full amount of trust fund savings cannot be counted towards the cost of funding healthreform. That is why the official CBO cost estimates for healthreform do no such thing. They don't engage in any "double counting." Even Representative Paul Ryan admits that:

So the accusation about "double counting" goes to past Democratic political rhetoric, but has nothing to do with the official cost scoring of the healthcare reform law.

Perhaps if the Congressman had given Ms. Sibelius enough time to explain that would have come out in the testimony. But getting the soundbite for use in the echo chamber was too important for that.