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

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

[RobinMasters]

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.

[IamConservative]

The CBO just made themselves irrelevant.

Reporter: “How much will it cost?”

CBO: “Who is asking?”

[GailA]

Blue Shield of California is seeking rate hikes of up to 59 percent for individuals, in part due to Obamacare.

http://links.heritage.org/ct/5140502:7758931064:m:1:207769981:FE5837BA94DEBFF6F677E1FE374223B0

FR is SLOW THIS MORNING.

[GailA]

Blue Shield of California is seeking rate hikes of up to 59 percent for individuals, in part due to Obamacare.

http://links.heritage.org/ct/5140502:7758931064:m:1:207769981:FE5837BA94DEBFF6F677E1FE374223B0

[anniegetyourgun]

The pencil whipping will continue when Obama vetoes the repeal.

What are we going to do when he does that?

[Dubya-M-DeesWent2SyriaStupid!]

It won’t be until Monday until this is on maybe FOX NEWS.

We need to get the MSM to report it LOL yeah right!

Here is the official CBO document

http://cboblog.cbo.gov/?p=1759

Official Speaker article

http://speaker.gov/Blog/?postid=219313

[SunkenCiv]

Thanks Dubya-M-DeesWent2SyriaStupid!

Have a great weekend, all!

[Para-Ord.45]

Here`s the NEW mantra from the Totalitarian Democrat Statist party:

HA ! yeah right!

You see, we told you. Over 700 Billion in new revenues MINUS 540 Billion in spending will cost taxpayers 230 Billion ! A 1/4 Trillion dollar loss !

[Happy Rain]

The stats and facts that were kept from the CBO by Pelosi’s staff—you know,those that prove Obamacare will destroy both America's health care industry and overall economy—have just been delivered to the CBO by Boehner’s staff.

[RipSawyer]

About 770 billion years ought to be time enough for them to air that news on all the left wing alphabet news shows.