BREAKING : CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion

The American Spectator ^ | January 07, 2011 | Philip Klein

[TomasUSMC]

H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projection
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Terminating trillions of dollars in future spending will “heap mountains of debt onto our children LOL. Really this odumbi in the White House is hoping we all drink the Kool Aid.

10 years of taxes to fund six years of subsidies

The government can’t subsidize coverage for tens of millions of new people and simultaneously reduce the deficit, as most Americans seem to intuitively understand

http://online.wsj.com/article/SB10001424052748704415104576065723458609678.html?mod=WSJ_Opinion_LEADTop

[TomasUSMC]

GREAT GRAPHIC! via Rep Paul Ryan

Explains the CBO h.c.Scoring Fraud http://fb.me/P9Qmw85A

good stuff!

[TheOldLady]

The left is going to disband the CBO. Can’t have anyone in the gubmint tellin’ the dang truth, now can they.

[freekitty]

What a crock they are. They are going to be doing the Clinton tango I see.

[Cheerio]

Of course we’ll see this news on ABC, CBS, NBC and CNN in about.........?

NYSlimes will bury it on page DD89.

[Scott from the Left Coast]

obastardcare is suicide, just as intended.

It may be a minority opinion...but I really think Obama is Stupid and delusional, more than intentionally and wittingly trying to bring everything down. He'll bring it down all right but from ignorance and stupidity, not from some devious and intelligent plan. At least, that is what I think.

I think he's trying to succeed, he just believes the crap fed to him by decades of leftist silliness that has no basis in reality. So many in America do believe that crap...it's not so hard to think that someone as ignorant and just plain stupid as Obama is believes that garbage as well.

[American Constitutionalist]

Suppose that our government does somehow manage to reduce spending and manage to balance the budget and start to pay down the debt... how long ? and at what rate would the government be able to bring the debt down to a comfortable level where our country is no longer in danger ?

[American Constitutionalist]

" They are sick. "

You are correct, they are drunk with power and have abused the American public and their authority.

Liberalism is truly a mental disorder.

The mental patients are running the asylum.

[American Constitutionalist]

Congressman Anthony Weiner (D-NY) kept referring to the CBO report and tried to make Sean and Michelle look like hypocrites.
Michelle and Sean tried to explain to Anthony that the numbers that he quotes from the CBO, that repealing ObamaCare would increase the deficit are numbers that the Democrats gave to the CBO ( garbage in garbage out. ) a accounting trick as Sean had said.

Perhaps while repealing the Healthcare scam, Congress needs to investigate and see where the Democrats got these bogus numbers.

[American Constitutionalist]

Yes indeed, the great government Democrat shakedown of the American public by the HealthCare scam.

[American Constitutionalist]

The loudest critics of those who did oppose the Healthcare scam, and those who want to repeal it are those who benefit the most... follow the money.

[Greysard]

Nancy? Harry? 0? America demands your response.

They have given the response already. Unfortunately, FCC's decency laws don't allow it to be broadcast.

[ledzep]

the deficit isn’t an issue IMO. The law needs to be repealed because unemployed people are lazy and unmotivated and are not worthy of healthcare anyways.

[ratsreek]

I think you forget that he willingly sat in a church that drummed anti-american, anti-white propaganda into his head for 20 years. I think you forget that he slipped and admitted he’s a muzzie. I think you forget that his wife opened her big mouth a number of times and gave away the game. I think you forget that a known domestic terrorist was/is his buddy and was his close political associate for a long time. I think you forget his secret background and exposure to Marxism. I think you forget what his thought processes, influences and objectives were as stated in his books and I think that you forget how his entire background focuses on redsitribution of wealth for ‘social justice’, ‘community organizing’, and powerful labor union thuggery.

But if you want to think none of his policy decisions and associations are connected to a deliberate, organized effort to destroy America as we know and love it, okey-dokey.

Now, let’s talk about this bridge I have for sale.......

he may be delusional in thinking his plans will work, but that’s as far as I go on the obastard-is-an-innocent-fool road.

[nikos1121]

These bast*rds are raising our taxes, to force us to pay for health insurance....and they’re saying it will lower the deficit.

THis country will not be saved until we wipe the slate clean of these people. Each and every one of them.

Put it up for a vote. Let’s debate it....

That’s the American Way.

I thought I’d never live to see my gov’t doing to us what dictatorship gov’ts have done to other people in other times and places....

[dforest]

Don’t fool yourself. Seniors for the most part know Obamacare is a nightmare for them.

You can’t cut Medicare by 580 billion and offer more and better.

[Right Wing Assault]

That link isn’t working.

The cost of Medicare is a good place to begin. At its start, in 1966, Medicare cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost only about $12 billion by 1990 (a figure that included an allowance for inflation). This was a supposedly “conservative” estimate. But in 1990 Medicare actually cost $107 billion

http://reason.com/archives/1993/01/01/the-medicare-monster

[ConservativeStLouisGuy]

Next day BUMP!

[ConservativeStLouisGuy]

BREAKING: CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion

The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction.

Full email, from Edward "Sandy" Davis, CBO's Associate Director for Legislative Affairs, below.

To interested Hill staff:

CBO and the staff of the Joint Committee on Taxation (JCT) have not yet developed a detailed estimate of the budgetary impact of H.R. 2, the Repealing the Job-Killing Health Care Law Act, which would repeal the major health care legislation enacted in March 2010. Yesterday, we released a preliminary analysis of that legislation indicating that, over the 2012-2021 period, the effect of enacting H.R. 2 on the federal budget as a result of changes in direct spending and revenues is likely to be an increase in deficits in the vicinity of $230 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections for that period.

We have been asked to provide the revenue and direct spending components of that total.  Extrapolating the estimated budgetary effects of the original health care legislation and accounting for the effects of subsequent legislation, CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections.

CBO will post a Director’s blog with this information on the CBO website shortly.  Please let me know if you have any questions.

Sandy

Edward "Sandy" Davis
Associate Director for Legislative Affairs
Congressional Budget Office

[onemiddleamerican]

Perhaps while repealing the Healthcare scam, Congress needs to investigate and see where the Democrats got these bogus numbers.

I think we have our answer...