Posted on 10/09/2009 3:51:05 PM PDT by Scanian
Before "fixing" health care, maybe Washington should focus on educa tion. Because it looks like no one in Congress ever learned basic math.
How else to explain the Democrats' boast that ObamaCare will save taxpayers money?
They're reacting, of course, to the Congressional Budget Office's declaration that Sen. Max Baucus' "compromise" health-care bill -- which comes in at the bargain-basement price of $829 billion -- might reduce the federal deficit.
Too bad the numbers come from books so well-cooked they'd make Julia Child blush.
Under Baucus' scheme, money from tax hikes starts coming in three years beforecash for benefits starts going out. Which makes it pretty easy for revenue to top spending if you're looking at the balance sheets through just 2019, which is what the CBO does.
(Excerpt) Read more at nypost.com ...
If you’re looking at 10 years starting in 2014 the price tag comes out to 1.6 trillion dollars
huge fees and fines... oh boy.
How did they structure the financing? 10 years of revenue vs. 7 years of services?
Yeah, I reckon you can make a lot of things “revenue neutral” that way.
Scanian wrote:
How did they structure the financing? 10 years of revenue vs. 7 years of services?
Yeah, I reckon you can make a lot of things “revenue neutral” that way.
Yes, though it is actually 6 ½ years. They had to move the benefits out another six months for a lot of things. Check Text of the America's Healthy Future Act as Amended (PDF Version) and search in that for “January 1, 2013.” In most places, the amendment process struck that date and made it “July 1, 2013.”
| From the desk of cc2k: |
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