Beam me to Planet Gore !
Liars. The CBO was corrupted and intimidated by the thug-in-chief right after their first scoring of the health care bill. Remember the private meeting between Obama and Elmendorf in the Oval Office in the early days of the health care bill?
The only way the crap and trade bill and the health care tax woudl lower the deficit is by taxing the hell out of us by confiscating more of our money. See, higher taxes, less deficit. That’s how it works.
It can only reduce the deficit, if it does so at all, by heavy taxation, and that would hurt the economy even more. The result would be less taxable income, and the spiral would continue.
The same cbo promised that obamacare would come in under 1 trillion... until it was passed... then they stated that to date... it looks like upwards of 2 trillion... **** the cbo.
LLS
wow, what a surprise.
tax the holy living crap out of everything that produces carbon dioxide - and it becomes slightly revenue positive for the government.
gee what a great idea.
The CBO had their chances to obtain credibility but each time they have only showed their incompetence in raising their estimates shortly after the bill in question is passed. At one time the CBO meant something, until they offered their very first analysis. It is just another elitist tool to fool the guy on the street while giving congress-kritters plausible deniability.
Laughable.
Mrs. Prince of Space
Did they issue new crayons to the CBO for this?
CBO has absolutely NO credibility.
America will be helped by outing the names of those
at the CBO involved in lying to the American public.
It is only based on the information they are feed......just like healthcare, some info is not being given to them I would assume.
Did they bother to say how many more jobs it will cost?
Pray for America
Perhaps the faceless CBO could explain how shutting down American industry helps the tax revenue??????
Cutting welfare by $38 Billion would save TWICE that amount.
Of course it will cut the deficit in the short term, it’s a TAX! Like any tax, it brings in revenue, until it drains the economy and costs even more jobs and then it increases the deficit.
Just say no to Obamnomics.
Of course it scores as deficit reduction. The CBO can’t take into account the possibility that the legislation will damage businesses and thereby cut tax revenues. They can only score the direct effects of the legislation.
And the direct effect is to raise BILLIONS in new taxes, mostly through the sale of carbon credits. So it’s not that enacting climate legislation will reduce our deficits, any more than “fixing” health care would reduce the deficits.
In both cases, the “deficit reduction” was due to raising taxes in the bills.