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The Democrat-controlled C.B.O. says that the Pelosi plan will actually reduce the deficit by a hundred and four billion dollars between 2010 and 2019, thereby satisfying President Obama's claim that the reform will be deficit neutral.
Sir Martin Sorrell, the chief executive of advertising group WPP, speaking in a personal capacity, said: "The key will be deficit reduction but it doesn't play very well with the electorate".
But he has insisted that the bill not add to the federal debt, leading Democrats to say that the overhaul will be "deficit neutral," with the roughly $1 trillion, 10-year cost to be offset by reduced spending or new taxes.
Health care reform must be and will be deficit neutral in the next decade.
Here's Republican Sen. Patrick J. Toomey, for example: "This tax plan will be deficit reducing".
Orszag considers mounting health care costs "the real deficit threat," and affirms that Obama's reform plan will be "deficit neutral over the next decade".
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Over the long run, Obama has insisted that health care reform will be deficit-neutral.
He did say in an interview this week that he might set up a commission that could look at ways of reducing entitlements spending once the recession is over.The president has promised that health-care reform will be deficit-neutral, but this is a slippery concept.
But in the long run there will be deficits.
It pointed out that under the Dodd-Frank Act the fees it collects from financial institutions must "match the total amount appropriated for the agency by Congress" and "under this mechanism, SEC funding will be deficit-neutral, as any increase or decrease in the SEC's budget would result in a corresponding rise or fall in offsetting fee collections".
If it happens – and you never quite know in this mad world of financial flows – it will be a deficit crisis, but not a budget deficit crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com