Does anyone out there remember the old Saturday Night Live “Point Counterpoint” parody that Jane Curtin and Dan Akroyd engaged in back in the late ’70’s? The media exchange last week between an economist at George Mason University (GMU) and the White House kind of reminded me of the old SNL skit, and with all due respect to the Administration I believe the economist got “the last word”.
Charles Blahous, a noted economist at GMU and a public trustee of the federal Medicare and Social Security trust funds, released a study on April 9th that pointed out the Affordable Care Act (ACA) could increase the debt as much as $530 billion to federal deficits while increasing spending by more than $1.15 trillion. According to Blahous, “Despite the fondest hopes from its supporters, the passage of the ACA unambiguously darkens a dim fiscal picture.”
The White House wasted no time attacking Blahous and the report, striking out on Monday night through their blog, via Twitter and from the press room Tuesday morning where Press Secretary Jay Carney announced that President Obama does not agree with Blahous’s views even though he named Blahous to the Medicare Board of Trustees.
Last Wednesday Blahous got the last word as he responded to his critics in a five-point blog post on Forbes.com.