PDA

View Full Version : "The Bill Would Actually Increase Deficts by Nearly $300 Billion"



megimoo
12-23-2009, 04:54 PM
Now They Tell Us: CBO Double Counted Medicare Savings

"More of the duplicity of the Progressive Liberal Swine !"

After allowing Democrats for weeks to argue that their Medicare cuts would both help finance the new health care legislation and extend the solvency of Medicare, the Congressional Budget Office explained today that the bill could do one or the other, but not both at the same time. The new memo, released after Democrats have already secured 60 votes, reads: The key point is that the savings to the HI (Medicare Hospital Insurance)

Comments:
So Reid lied, democraps lie and the sheeple are in awe.
snip

Sen. Jeff Sessions, after conversing with CBO director Doug Elmendorf, said that without the revenue from the Medicare cuts, the bill would actually increase deficts by nearly $300 billion, FoxNews reports.

"Either you've weakened the Medicare substantially or you're going to have no money to spend on the new program that's being created," Sessions said. "You cannot spend this money twice."

http://spectator.org/blog/2009/12/23/now-they-tell-us-cbo-double-co

Speedy
12-23-2009, 04:57 PM
And there were people that believed this? The DEMOCRATS would reduce deficits. Yeah. With the in dephth knowledge that Obama has shown about the economy. Suuuuure they were.