CBO: Obamacare Repeal Would Save $1.4 Trillion

National Review Online ^ | February 18, 2011 | Andrew Styles

[lbryce]

In a letter to House Speaker John Boehner (R., Ohio), CBO Director Douglas Elmendorf writes:

The enacted legislation contained a set of provisions designed to expand health insurance coverage that was estimated to increase federal deficits. The costs of those coverage expansions—which include the cost of the subsidies to be provided through the exchanges, increased outlays for Medicaid and the Children’s Health Insurance Program (CHIP), and tax credits for certain small employers—will be partially offset by revenues from the excise tax on high-premium insurance plans and net savings from other coverage-related effects. By repealing those coverage provisions of PPACA and the Reconciliation Act, over the 2012-2021 period H.R. 2 would yield gross savings of $1,390 billion and net savings (after accounting for the offsets just mentioned) of $1,042 billion.

The full 20 page letter is available to view at the link provided below.

Link:CBO 20 Page Letter to House Speaker John Boehner

[lbryce]

A trillion here, a trillion there, before you know it, you are beholden to every tin-pot dictator crawling out of the woodwork, grandmothers in Timbuktu.

[Beaten Valve]

By repealing those coverage provisions of PPACA and the Reconciliation Act, over the 2012-2021 period H.R. 2 would yield gross savings of $1,390 billion and net savings

Headline says $1.4 trillion..

[screaminsunshine]

A Community Organizer meets his match.

[DryFly]

Really....really.

[Beaten Valve]

Whoops, I just re-read my own post and saw the comma "$1,390" billion...

My apologies!

[screaminsunshine]

CBO. 3 Months ago Osamabamacare was saving that much. What kind of idiots are they?

[savedbygrace]

The Dimocrats LIED. Imagine that.

[Walts Ice Pick]

Obamacare Repeal Would Save $1.4 Trillion

We will save 6.4 trillion in nine years by repealing Medicare.

Let's repeal Medicare and Obamacare!

[lbryce]

In the USA the next level after one hundred billion is a trillion. We do not use a thousand billion but in countries like England, for the same reason they drive on the wrong side of the road, after a hundred million they go to a thousand billion, hence $1,390 billion is correct. Maybe the author is British.

[bigbob]

I don’t think this CBO could add 2+2 and get the right answer. What was that crap they were spewing a few weeks ago about how it would COST billions to repeal it? (Which anyone with a brain knows is nuts)

Bottom line, CBO is pulling numbers out of the nether regions but maybe they got it this time.

[Svartalfiar]

Well, if the author is British I’m pretty sure it would be written as $1.390 billion. They have opposite uses of commas and periods than we do. Very confusing.

[SunkenCiv]

Thanks lbryce. How much would impeachment save?

[TexasM1A]

The country.

[PieterCasparzen]

And I theorize...

improve investor confidence worldwide, which would:

help to keep Treasury borrowing rates low
help the value of the dollar relative to other currencies
increase the relative value of our food exports
lower the cost of food in the U.S. relative to other countries
promote geo-political stability

[Hypo2]

http://www.youtube.com/watch?v=jp8gF7inYaM&feature=player_embedded

Back in January, Paul Ryan explained how the Dems. “fudged” the numbers.

[BenLurkin]

Obamacare Repeal Would Save $1.4 Trillion!

[CincyRichieRich]

Well,a tree fell the woods, will it make a noise to prove it actually fell or is our side TOO STUPID to trumpet this from the rooftops? Five bucks says we won’t even mention it on the Sunday shows...again, our side is too stupid.

[lbryce]

..My apology to you as well as I hadn’t seen your most recent post. My comment(#9) comes off unintentionally pedantic among other things and wanted to set matters straight.

[GodGunsGuts]

...

[BunnySlippers]

BUMP