Savings from Medicare touted by Democrats as a means to pay for the Senate health care bill was double-counted and the legislation will increase the deficit, not decrease it, a senior Republican senator said Wednesday, citing a new letter from the Congressional Budget Office.
As the Senate prepares for a crucial vote before final passage of a massive overhaul bill that Democrats argue will reduce the deficit by $132 billion over 10 years, Sen. Jeff Sessions, R-Ala, said the nearly $500 billion in cuts to Medicare actually will add $300 billion to the deficit
"The real score on this legislation is that it would cause the deficit to increase, and not be a surplus as the president has promised," Sessions told Fox News. "And a lot members of our Congress have said I won't vote for this bill unless it's deficit neutral. It's not deficit neutral. It will add to the debt."
Sessions reached his calculations after speaking to CBO Director Doug Elmendorf...