New Budget Assumes Passage of Health Care Bill

The New York Times reports:

President Obama says he has not given up on major health care legislation, and his new budget backs him up. The $3.8 trillion budget released by the White House on Monday includes $150 billion in deficit reduction over 10 years on the presumption that a health care bill will be adopted.

As a result, it seems that the budget reflects multiple layers of optimism. First, it presumes that despite the bleak outlook at the moment, Democrats will figure out a way to get the legislation approved over fierce Republican opposition. Then, it presumes that the bill will truly reduce future deficits.

In a statement Monday night, Representative Anthony Weiner, Democrat of New York, said: “Hidden clue in budget documents — health care reform is alive.”

So, the revenue from higher taxes from ObamaCare is being assumed in the Obama numbers. Imagine that.