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CBO Says Senate Obamacare Plan Will Add $1 Trillion To US Debt
CBO Director/The Lid ^
| 9/10/09
| The Lid
Posted on 09/10/2009 5:13:50 PM PDT by Shellybenoit
The CBO conducted some additional analysis of the Senate version of the Obamacare Plan and found that the it will add over One Trillion Dollars to the national debt. The expensive part of the program was expanding Medicaid to include anyone earning below 150 percent of the poverty level. In a letter responding to questions from Sen. Mike Enzi, R-Wyo., CBO director Douglas Elmendorf said the bill would end up hurting worker wages and employment."
CBO projects that firms subject to the penalty but choose not to offer health insurance would pass that cost on to their workers, primarily in the form of lower wages, just as firms that offer insurance today and contribute toward the premiums pay lower wages than they otherwise would, keeping their total compensation costs about the same," Elmendorf wrote. Elmendorf said that for workers who earn close to minimum wage, the result could be job loss.
(Excerpt) Read more at yidwithlid.blogspot.com ...
TOPICS: Government; Health/Medicine; Politics
KEYWORDS: 111th; bho44; bhohealthcare; healthcare; medicare; obama; pricetag; senateplan
To: Shellybenoit
What difference does one little Trillion more do?
2
posted on
09/10/2009 5:14:50 PM PDT
by
SolidWood
(Sarah Palin: "Only dead fish go with the flow!")
To: SolidWood; windcliff
Well, I guess that isn’t a dime so what he said must have been true last night /sarc
To: Shellybenoit
4
posted on
09/10/2009 5:19:05 PM PDT
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: Shellybenoit
A trillion in new debt, huh? That’s a fascinating definition of “deficit neutral”!
5
posted on
09/10/2009 5:20:39 PM PDT
by
jpl
To: Shellybenoit; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...
The list, ping
A trillion here, a trillion there. Pretty soon you're talkin' real money
6
posted on
09/10/2009 5:25:51 PM PDT
by
Nachum
(The complete Obama list at www.nachumlist.com)
To: Shellybenoit
7
posted on
09/10/2009 5:26:43 PM PDT
by
freebilly
( No wonder all the left has a boner for Obama.... There's "Cialis" in "SoCIALISt")
To: Shellybenoit
No sweat, the evil rich (those who make over $12,000/year) will pay for it... it’s the least they can do after being mean racists all their lives.
To: Shellybenoit
Right wing extremist nut balls just trying to make it appear as though a trillion is a lot of money.
Shoot, Washington fascist democrats can spend twice that amount overnight.
9
posted on
09/10/2009 5:31:25 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: freebilly
Obama lied, again.... Make a sign and post it.
For crying out loud, don't break congressional protocol by saying it!
10
posted on
09/10/2009 5:33:37 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: jpl
“A trillion in new debt, huh? That’s a fascinating definition of “deficit neutral”!”
It may very well be “deficit neutral” after they exchange our 401ks for T-bills....
11
posted on
09/10/2009 5:34:09 PM PDT
by
Favor Center
(Targets up! Hold hard and favor center!)
To: Shellybenoit
Well hell, Its DOA.
Obama said he won’t Sign a bill that increases Deficits by “One Dime”......Uhhhh, unless he was lying when he said that ?
12
posted on
09/10/2009 5:34:16 PM PDT
by
4Speed
To: Cementjungle
No sweat, the evil rich (those who make over $12,000/year) will pay for it... it’s the least they can do after being mean racists all their lives.
Over 12 and under 100...
13
posted on
09/10/2009 5:37:45 PM PDT
by
jessduntno
("Integrity is the lifeblood of democracy. Deceit is a poison in it." - Ted Kennedy (D-HELL)
To: EGPWS
Slanders, sir: for the satirical slave says here that old men have grey beards; that their faces are wrinkled; their eyes purging thick amber and plum-tree gum; and that they have a plentiful lack of wit, together with most weak hams: all which, sir, though I most powerfully and potently believe, yet I hold it not honesty to have it thus set down....Hamlet
14
posted on
09/10/2009 5:37:45 PM PDT
by
freebilly
( No wonder all the left has a boner for Obama.... There's "Cialis" in "SoCIALISt")
To: Shellybenoit
15
posted on
09/10/2009 5:39:37 PM PDT
by
mylife
(The roar of the masses could be farts)
To: EGPWS
“For crying out loud, don’t break congressional protocol by saying it!”
That “protocol” is recent.
16
posted on
09/10/2009 5:45:44 PM PDT
by
Favor Center
(Targets up! Hold hard and favor center!)
To: socialismisinsidious
Socialized Medicine aka Universal Health Care daily digest PING LIST
FReepmail me if you want to be added to or removed from this daily digest ping list (one ping per day of links to pertinent articles).
17
posted on
09/10/2009 8:04:01 PM PDT
by
socialismisinsidious
( The socialist income tax system turns US citizens into beggars or quitters!)
To: Shellybenoit
Obama. Another day, another lie.
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