Sen. Chuck Grassley (R-IA), formerly of the ill-fated Gang of Six senators on the Senate Finance Committee that had been charged with crafting health care reform legislation, said on Fox News this morning that his committee's health reform bill might have to be scrapped and created again from scratch.
We're expecting a preliminary cost estimate on the package from the CBO later this afternoon. But Grassley said that if CBO's analysis shows that the health care package won't be deficit-neutral and won't reduce health care inflation, then the proposal is in trouble.
"If we get figures back today that don't do that, then we're going to have to go back to the drawing board as a committee and make changes that accomplish both of those things, otherwise we've wasted a whole six months."
Grassley also took a shot at the White House, saying the Obama administration broke up the Gang of Six.
"The White House pulled the rug out from under us," Grassley said.