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BREAKING : CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
The American Spectator ^ | January 07, 2011 | Philip Klein

Posted on 01/07/2011 12:32:15 PM PST by 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.

(Excerpt) Read more at spectator.org ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Culture/Society; News/Current Events; US: Pennsylvania; US: Texas
KEYWORDS: cbo; commiecare; debt; healthcare; jan2011; mikefitzpatrick; obama; obamacare; palin; pennsylvania; petesessions; repeal; spending; texas; weiner; whiner; youlie
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To: stockpirate
lol

this is the same CBO that said PASSING it would SAVE us money?!?!!?

lol

no credibility.

81 posted on 01/07/2011 2:32:40 PM PST by TexasFreeper2009 (Obama = Epic Fail)
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To: TexasFreeper2009

His first estimate was based on the information democrats feed him, now he has better information.


82 posted on 01/07/2011 2:43:54 PM PST by stockpirate (Sen. Mitch McConnel (R) has betrayed the Nov. 2, 2010 voters w/his tax bill!)
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To: hattend
" '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."

I've always said that Democrats were learning disabled.

83 posted on 01/07/2011 2:51:06 PM PST by cake_crumb (Why do they call them "pat downs" when they're obviously "feel ups"?)
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To: RobinMasters

I berlieve Paul Ryan came up with $700B+ but at least the scammers of the CBO are getting closer to the truth.


84 posted on 01/07/2011 2:55:03 PM PST by Scanian
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To: Homer_J_Simpson

Totally agreed. Democrats must have failed calculus if they do not understand the Laffer curve.


85 posted on 01/07/2011 2:56:22 PM PST by TXConservative25
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To: popdonnelly

By the clever use of words Desm can say the CBO repoted repealing 0dumbocare would cost te Government money( Not us, but the gov’t)

so CBO says repleaing 0dumbocare will eliminat 540 illion is spending but also eliminiate 770 billion in revenue.
REVENUE my butt. it is taxes from us.
So if we repeal 0dumbo care w save 540 Billion in spending and let us taxpayers keep 770 billion o our OWN money.
Remember Dems think of it as the gov’t money which is why they can call it revenue


86 posted on 01/07/2011 3:01:27 PM PST by RWGinger
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To: RobinMasters
do I really have to say it???

87 posted on 01/07/2011 3:03:21 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Panzerlied

No they won’t report this. They will continue calling Boehner sun tan man and mocking because they read the Constitution.

The public knows Obama is known to cook the books and lie about numbers-unemployment- so they knew Anthony Weiner and Obama progressive commiecrats were lying.


88 posted on 01/07/2011 3:14:21 PM PST by Dubya-M-DeesWent2SyriaStupid! (None are more hopelessly enslaved, as those who falsely believe they are free)
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To: Panzerlied

The very small percentage that is the minority that is progressive will continue their lies. Including the progressive commiecrats that have infiltrated MSMedia .

By the time Daley gets there to try to save the sinking Obama boat, it will be too late. Obama could go far center right,right now-no one would believe him. On his upteenth vacation they said Obama read a book about Reagan and traitors; which book do you really think he read?


89 posted on 01/07/2011 3:22:07 PM PST by Dubya-M-DeesWent2SyriaStupid! (None are more hopelessly enslaved, as those who falsely believe they are free)
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To: Recovering_Democrat

I agree. I will do my best here in Florida to get rid of the fox in the hen house, Bill Nelson.


90 posted on 01/07/2011 3:26:19 PM PST by rep-always
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To: VRWCTexan
Here you go.


91 posted on 01/07/2011 3:28:53 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: RobinMasters; Nachum; 444Flyer; LucyT; mojitojoe; STARWISE

Here is the official CBO document

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

Official Speaker article

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


92 posted on 01/07/2011 3:42:28 PM PST by Dubya-M-DeesWent2SyriaStupid! (None are more hopelessly enslaved, as those who falsely believe they are free)
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To: RobinMasters

Neener Neener. THWAP!


93 posted on 01/07/2011 3:53:25 PM PST by Shady (LIBERTY is NOT a Four Letter Word.)
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To: HiJinx; MountainWoman; Borax Queen

PING


94 posted on 01/07/2011 3:53:45 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: RobinMasters
On hearing this Dems go ..


95 posted on 01/07/2011 3:55:29 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; ...

Thanks RobinMasters.
96 posted on 01/07/2011 4:06:20 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: RobinMasters

$540 billion is a large understatement of the cost of the program. The program does not reach full implementation until at least 2014. In addition, a large part of the costs will be hidden through increased insurance rates. A conservative institute estimated the cost of Obamacare as $2 to $6 trillion per 10 years at steady state.


97 posted on 01/07/2011 4:09:29 PM PST by businessprofessor
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To: blade_tenner
Too many old folks will see a reduction in their payment for prescription drugs.... for now. Once you get people hooked on socialist fixes, it will be a hard time prying them off...

That damned prescription drug program cost me over $200.00 per year in insurance premiums which I am more or less forced to pay and the deductible is so high that I don't think it has ever paid for a prescription drug for me. Obama care only "helps" folks in the doughnut hole. You don't talk to many old folks, do you?

98 posted on 01/07/2011 4:18:11 PM PST by fewz (Diversity creates an excuse for Political Correctness. Help stamp out diversity.)
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To: RobinMasters

Bookmark


99 posted on 01/07/2011 4:20:48 PM PST by BunnySlippers (I love BULL MARKETS . . .)
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To: Recovering_Democrat; StarFan; Dutchy; alisasny; BobFromNJ; BUNNY2003; Cacique; Clemenza; Coleus; ...
TIME FOR AN ASSAULT ON EVERY DEMOCRAT SENATOR UP FOR RE-ELECTION IN 2012...

A huge AMEN to that, Recovering_Democrat!

100 posted on 01/07/2011 4:23:39 PM PST by nutmeg (The 111th Congress: Worst. Congress. Ever.)
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