Ed Royce: “The claim that this new health care law will somehow cut our budget deficit is proof that logic does not always prevail…”

“The claim that this new health care law will somehow cut our budget deficit is proof that logic does not always prevail here in Washington, DC. This is a $2 trillion additional entitlement; and just like past entitlement programs, this one will be far more costly than projected. As a result, our budget deficit is going to increase unless we repeal this. It's going to increase our dependence on China and Japan to finance our debt. The credit-rating agencies say we are on the verge of losing our AAA credit rating and this debt contagion, you all see it, is continuing to spread across Europe. Let us take this important step. Repeal this $2 trillion fiscal train wreck and begin work on market-based solutions that will actually lower health care costs. This will give us some hope in the future of bringing that budget into balance and not hitting that fiscal train wreck.”