Health care reform reduces the deficit?

Imagine a guy named Sam who has $100K in credit card debt. To make matters worse, that debt keeps growing every year because his take home pay is $50,000/yr, but his living expenses are $60,000/year.

After consulting with a debt counselor, he decides that the best way to get back on track is to do the following: 1) work an extra 5 hours per week, which will earn him an additional $5K per year and 2) cut his expenses by $5K per year. These changes will balance his budget.

After working the extra hours for about a week, Sam decides to treat himself to a new car that will cost him $9K per year. So his income is now $55K, and his expenses are $64K.

When Sam's debt counselor asks him why in the world he purchased that new car, he simply argues, "Well, my deficit was $10K, but now it's only $9K. I've reduced the deficit!"

This is the logic being used by anyone who says that the $940 billion plus spending package also known as the health care bill will reduce the deficit. The credit card debt represents our nation's existing debt and unfunded liabilities, the extra hours are the new taxes, the reduction in expenses represents the Medicare cuts being used not to shore up Medicare but to pay for the new spending, and the new car is Obamacare.