Countdown to Repeal: Economy Will Suffer If Obamacare Stands

Kathryn Nix / January 19, 2011

The House of Representatives will soon vote on full repeal of Obamacare. In an attempt to defend the health care overhaul, Treasury Secretary Timothy Geithner writes this morning that, in light of continued unacceptably high unemployment, “Given where we are, we must do things that help bolster the recovery, and repealing the Affordable Care Act would be a step in the wrong direction.”

Geithner is right that Congress should act to improve the economy, but leaving Obamacare in place would do the opposite. Repeal of Obamacare is the only way to restore economic prosperity in the United States, according to the 200 economists who signed a letter addressed to House and Senate leadership in support of overturning the new health law. The letter stresses that “the Patient Protection and Affordable Care Act is a threat to U.S. businesses and will place a crushing debt burden on future generations of Americans.” (more…)