Every analysis of the public option I've seen has concluded that it will reduce federal, and consumer, spending. Indeed, the stronger the public option is, the more it reduces the deficit. The Congressional Budget Office estimated that a public option paying Medicare's rates would save the government more than $100 billion in the first 10 years, and more after that.I doubt it. What is much more likely is that Lieberman, "conscience" and all, is full of shit.
We're left, then, in a strange place. Lieberman says he cannot support the public option because he is worried about the national debt. But the public option, in its current form, shows some hope of reducing the deficit, and has no mechanism for increasing it. Any such mechanism would need to be added later, and would be subject to the filibuster.
Lieberman isn't much of a liberal, but he's not a stupid man. I'd really like to hear his explanation for how the public option increases the deficit. Maybe he sees something I don't.
Labels: health-care reform, Joe Lieberman, U.S. national debt