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.

[Glenn]

I keep hearing Republicans reciting that "repeal and replace" line. That's bothersome.

[FlashBack]

I don’t think there’d be much “collateral damage” if that were to occur ;)

[marstegreg]

I don’t think there’d be much “collateral damage” if that were to occur ;)

:D

Lololololol!!!!!!

[no-to-illegals]

bookmark

[seekthetruth]

“I can’t wait for Mr. Weiner to find out! He’s been yelling at all the repubs. that repealing Obamacare would raise the deficit. I guess he was wrong.”

I hope all Freepers in Weiner’s 9th District email him this CBO report with a few words callimg him the liar he is!

[wolfcreek]

Not all, we need to keep a few around as pets.

[VRWCTexan]

GREAT GRAPHIC! via Rep Paul Ryan

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

Could a tech savy Freeper Post?

NEEDs to Be on BILLBOARDs!

[hoosiermama]

Wonder how BO’s Flying Monkeys will spin this one!

[GraceG]

http://www.therightscoop.com/glenn-beck-happy-days-are-here-again

[onyx]

NO WAY TO SPIN IT - JUST TO LIE!

[popdonnelly]

What the hey!? Yesterday, repealing Obamacare was going to cost money. Anybody know what they’re talking about?

[ducttape45]

there ya go, perhaps this will lead to a congressional investigation to find out if we’ve been lied to by the likes of Pelosi, Reid and the muslim in the WH?

[Brown Deer]

Additional Information on CBO’s Preliminary Analysis of H.R. 2

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.

[adorno]

That’s funny, we’ve supported lower taxes for the past 30 years.

Actually, the vast majority of people support having their taxes lowered (democrats and republicans), but having other people's taxes increased to pay for bigger government. ;)

[DesertRhino]

CBO Logic,,

“Honey, this dress was on sale!! LOOK how much money i saved us!”

[DBeers]

I keep hearing Republicans reciting that "repeal and replace" line. That's bothersome.

Yes it is. I want NO replacement.

Total eradication is required for health 'reform' and that would just be a beginning.

[Constitution Day]

BUMP!

[CincyRichieRich]

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.

---

Who are the CBO employees and do we ever see their faces or names? FIRE THEM AS A DEFICIT REDUCTION MEASURE.

Stand up, Boehner...at least he has ridiculed their numbers.

[kevao]

The CBO analysts’ hands are tied. They are given a bill by a Rep or a Senator, and told to score it. That is what they must do — score that bill and only that bill. They do not have the latitude to say:

“Well, this bill would actually reduce the deficit; however, you have stripped from this bill a lot of necessary spending measures which you are planning to enact in separate bills. And if those other spending measures were included in the bill you’ve asked us to score, then the cumulative effect would be to increase the deficit.”

That’s what is meant by “garbage in, garbage out.”

[DesertRhino]

Nobody needs to know all their CBO chicanery to understand this. CANCELLING a huge **spending** program will only SAVE money,,

Nothing else matters but that one fact.