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.

[Hotlanta Mike]

THIS MORNING’S headlines had the Wicked Witch of the West insisting that repealing Obamacare would INCREASE the deficit (tho she said it was ‘deficit neutral’ shen she was shoving it down our throats) and that was supposedly according to the CBO letter. Whom to beleive? NOT the state run media, most likely. /justincasesarcasmtag

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Yeah, and SanFranNan also said deficit reduction was a main focus of her leadership as speaker of the house...

[Blood of Tyrants]

So the government spends $540 Billion less and taxes $770 Billion less? And what is the drawback?

[Revel]

It would reduce it much more than this. Many of the taxes they are planning on collecting will never be realized as they are destroying private jobs with obamacare, And the government jobs it creates will not be sustainable as we as a country go belly up. We cannot continue to spend like we are.

[FlashBack]

Congressman Weiner////That’s a person I cannot stand at all!!!!!!

[opentalk]

Bump

somebody needs to tell Anthony Weiner, he has been all over TV sounding alarms how repeal will cost money.

[cake_crumb]

Remember Bill Clinton hiking taxes to their highest rate in history and selling it to a credulous public as a tax decrease?? While at the same time insisting that forcing banks to give credit to people who didn't have the income to pay it back was...what was it supposed to be, FAIR?? And campaigning for and forcing through PNTR with China, and that whole thing with India would CREATE jobs HERE?

[rdl6989]

BUMP!

[rockabyebaby]

This information needs to be fax/emailed to everyone in congress and senate with a DEMAND to repeal hussein care.

[rockabyebaby]

This information needs to be faxed/emailed to everyone in congress and senate with a DEMAND to repeal hussein care.

[Hotlanta Mike]

Whoever the pointless, feckless, faceless tools in the CBO are, they need to be introduced to long-term unemployment, pronto.
They are worse than unreliable. They are diversionary and erratically political.

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They are merely calculators...garbage in garbage out. Greta’s interview of Paul Ryan

http://www.thehopeforamerica.com/play.php?id=6566

[hondact200]

Obummer will come back and tell the CBO that their figures are all wrong because the Whine House figures are the only correct figures CBO will tell Obummer will then “Eat Cake, because there is not enough bread to cover Obummercare” Obummer will come back and state, the CBO is a racist organization it needs to be closed .” ObummerCare is a failure just as Obummer is a failure.

[Williams]

Hilarious. The liberals are such evil liars.

[lacrew]

“It’s the tax hikes in the health care law.....”

An example of letting liberals shape the language of the argument. One of the central ideas in the court challenge to Obamacare is the unconstitutional penalties. The administration says “no, this is just a tax”; but, they were very declare that it was NOT a tax, and would not increase taxes when twisting arms trying to get it passed.

The penalties for not buying a product are not taxes...and we shouldn’t let the media get away with changing the language.

[Hotlanta Mike]

[WashingtonSource]

bump

[hattend]

Two Republicans vote ‘present’ in healthcare test vote
By Michael O’Brien - 01/07/11 11:06 AM ET

Two Republican lawmakers voted present on the rule governing debate over repealing healthcare reform.

The pair technically broke with fellow Republicans, all of whom otherwise voted in favor of the rule.

The rule passed 236-181-2, a key test vote of next Wednesday’s scheduled vote to repeal President Obama’s bill.

Update, 12:06 p.m.: It turns out that the pair to vote present were the two lawmakers who missed their own swearings-in on Wednesday: Reps. Pete Sessions (R-Texas) and Mike Fitzpatrick (R-Pa.).

[hattend]

Democrat: No ‘pushback’ from leaders for favoring repeal
By Michael O’Brien - 01/07/11 03:15 PM ET

One of the four Democrats likely to support repealing healthcare reform said Friday he’s not facing “pushback” from party leaders.

Rep. Dan Boren (D-Okla.) suggested that there’s more leeway for Democrats to vote for the GOP-led effort to repeal President Obama’s signature legislative initiative.

“I think after the shellacking, as they say, within our caucus, a lot of people realize, ‘Hey, maybe you should listen to your constituents and vote your conscience,’ “ Boren said on Fox News. “And I haven’t gotten a lot of pressure, a lot of pushback.

“I can tell you the folks at home are very happy with me, and that’s what we’re going to do,” he added.

Boren was one of the four Democrats who voted on Friday for a GOP rule governing the healthcare debate in a test vote for next week’s planned vote on legislation to repeal healthcare reform.

http://thehill.com/blogs/blog-briefing-room/news/136695-democrat-no-pushback-from-leaders-for-favoring-repeal

[stylin19a]

It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction.

which doesn't take into account the double accounting of the medicare savings....

[WKUHilltopper]

Thought Odummy said it was cost neutral.

[marstegreg]

I’m hoping it will make his head explode! (wishful thinking)