Bachmann is sponsoring legislation to repeal the Dodd-Frank financial reform and co-sponsoring the repeal of Obamacare with Iowa Republican Congressman Steve King. She told TheDC the repeal of Obamacare is a higher priority than repealing the Dodd-Frank financial reforms, but Dodd-Frank is a “very close second.”
“Both of them are very important. They’re job-killers. Dodd-Frank means the end of free checking for people of the United States,” Bachmann said. “It means higher ATM fees. It means a scarcity of credit. It’s a very bad bill that’s going to kill jobs and help the economy. It helps Barney Frank, but it doesn’t help too many other people, so it’s very important that we repeal that bill and I’ll be working hard on that as well as working hard to repeal Obamacare.”
Bachmann thinks the Congressional Budget Office estimate that repealing Obamacare would increase the deficit by $230 billion is accurate only because the numbers Democrats gave the CBO make it look that way.
“I agree with CBO in that they have to work with the numbers they’re given. It’s kind of like the equation of ‘garbage in, garbage out’ of the computer,” Bachmann said. “The numbers that were given by the Democrats to the CBO were garbage figures.”