01-05-2011, 08:30 PMPffffffffffffffffffffff! Buh Bye Big Ears
01-05-2011, 08:51 PM
The article dissects the accounting tricks, and cites the CBO as a source, when the CBO says, and I quote, "CBO estimates that enacting all three pieces of legislation would add $59 billion to budget deficits over the 2010–2019 period."
That's $59 Billion deficit in the first year alone, that's a far cry from the $138 Billion we were promised in savings isn't it.
Then there's the fact that the individual mandate will be found unconstitutional. When that happens no accounting tricks in the world are going to make Obamacide look good, even on paper.
CBO and JCT estimate that, relative to current law, the elimination of the mandate would reduce insurance coverage among healthier people to a greater degree than it would reduce coverage among less healthy people. As a result, in the absence of a mandate, those who enroll would be less healthy, on average, than those enrolled with a mandate. This adverse selection would increase premiums for new non-group policies (purchased either in the exchanges or directly from insurers in the non-group market) by an estimated 15 to 20 percent relative to current law. Without the mandate, Medicaid enrollees would also have higher expected health spending, on average, than those enrolled under current law. Thus, the budgetary savings from removing the mandate would be less than proportional to the reduction in insurance coverage.
Source"In England a king hath little more to do than to make war and give away places; which in plain terms, is to impoverish the nation and set it together by the ears. A pretty business indeed for a man to be allowed eight hundred thousand sterling a year for, and worshipped into the bargain! Of more worth is one honest man to society and in the sight of God, than all the crowned ruffians that ever lived."
—Thomas Paine, Common Sense
01-06-2011, 01:34 PM
- Join Date
- May 2008
- Locked in a Dungeon, being tortured and LOVING IT!
CBO: $10 trillion jump in debt under Obama budget
By Jeanne Sahadi, senior writerMarch 5, 2010: 6:13 PM ET
NEW YORK (CNNMoney.com) -- If President Obama's 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country's accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office.
Thats from CNN a liberal sourceKlaatu barada nikto
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