Obama’s Deficit Reduction a Major Hypothetical
by Jon Ward
White House Budget Director Peter Orszag didn’t exactly sound bullish about the prospects for health care reform when asked Monday how its passage, or non passage, would factor into the federal budget deficit.
“It’s a very small share of the more than $1.2 trillion in deficit reduction [over 10 years] that’s contained in the budget,” Orszag said, noting that he had factored in about $100 billion over the next 10 years as savings from a health care bill.
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