Posted on 12/23/2009 8:20:35 AM PST by Shellybenoit
Multi-tasking is a great quality, but money can't multi-task--- you can't spend the same dollar bill in two different places. The Senate version of the Obamacare tries to do just that. According to the Senate's guidelines given to the CBO to score the latest Harry Reid version of Health Care, the $500 Billion in medicare savings is being used to extend the life of Medicare AND to help pay for the new Healthcare programs in the bill.
Yesterday Senator Jeff Sessions (R-Alabama) asked the director of the CBO a simple question what is really happening to the $500 Billion in savings? The CBO Replied with the memo below, which basically says it will help pay for the new programs in Obamacare, which means Medicare is screwed, or it will help extend the life of medicare which means the deficit will spike up and the promise of the Senate bill being deficit neutral is a cruel lie.
To describe the full amount of HI trust fund savings as both improving the government’s ability to pay future Medicare benefits and financing new spending outside of Medicare would essentially double-count a large share of those savings and thus overstate the improvement in the government’s fiscal position.
Read the full memo below:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Must feel good to have billions upon billions of dollars at your fingertips, and you don’t even have to answer to the people that elected you. Also get the best pension and health care in the country, simply for being a civil servant.
No matter if medicare goes under. 0bama's Death Panels have already decided that if you're old enough for medicare, then you shouldn't be living. Just breathing uses too many carbon credits.
It would also seem our little dog too after the Fox report
on carbon “paw prints”
"I daresay you haven't had much practice," said the Queen.
"When I was younger, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast."
-- Alice in Wonderland.
A lot of old people voted for this. Let them eat cake. Idiots in this country are too busy watching ball games, reality TV and soaps to notice they are serfs now.
TV did it’s job and your cable/sat TV helped enslave you.
Using the demhole/mediawhore supported “reasoning”, if spending $870-billion will save $130-billion, why not spend $1.74-trillion and save $260-billion?
Thanks, CBO.
One of Nelson’s requirements for his vote was that the bill be deficit neutral. Ha-what a schmuck! One by one, all of Nelson’s fig leaves are withering away. He’ll be stark naked ere long. Yet anyone think he will renege on his agreement?
Latin: panem et circenses ( “Bread and circuses” )
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