Filling in for Glenn Beck, Fox Business Channel host Eric Bolling falsely claimed of the House health care reform bill, “if the Congressional Budget Office is right and the government program actually costs what they tell you it will cost” , then we “woke up Sunday morning $1.2 trillion further in debt.”
From the November 9 broadcast of Fox News Channel's Glenn Beck:
BOLLING: Big news today, America. We went to sleep Saturday night and woke up Sunday morning $1.2 trillion further in debt. That's if the Congressional Budget Office is right and the government program actually costs what they tell you it will cost. The giant health care bill -- here it is -- passed the House over the weekend.
Fact: CBO estimated health bill would reduce federal budget deficit $109 billion through 2019
CBO found that the health care reform bill that passed the House on November 7, the Affordable Health Care for America Act (H.R. 3962), “would yield a net reduction in federal budget deficits of $109 billion over the 2010-2019 period.” CBO also found that in the decade after 2019, “the legislation would slightly reduce federal budget deficits ... relative to those projected under current law-with a total effect during that decade that is in a broad range between zero and one-quarter percent of GDP [gross domestic product].”