Posted on 10/14/2011 6:36:47 PM PDT by La Lydia
Nearly half of the deficit reduction that Democrats claimed when President Obama signed the national health care law would be wiped away by the administration's recomendation against implementing a doomed long-term care program. As Obamacare's critics noted at the time, Democrats' deficit reduction claims were based on a series of accounting gimmicks. One of the most obvious was the inclusion of the Community Living Assistance and Support Services Act, a program that was slated to collect five years of premiums before paying out any benefits. Though it was unsustainable over time, on paper it produced surpluses during the Congressional Budget Office's 10-year budget window.
At the time of final passage, the CBO found that the health care law would reduce deficits by $143 billion, and $70 billion of that was attributable to the CLASS program.
...a new HHS report recomending against implementing the program. HHS Secretary Kathleen Sebelius has now sent a letter to Congress conceding that there's no path forward.
...To prevent any confusion, I should emphasize again that the $70 billion number I referred to was the estimate at the time of passage, when the timeframe was 2010 to 2019. The CBO's ten-year timeline has since moved forward, and over the next 10 years, as Kliff points out, the reduction in revenue from killing the program would be $86 billion. ..
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
It was either Satan, Lucifer, or the Devil, cuz between the three of them, they wrote the whole thing.
Keep chipping away at the programs, until all that’s left are the taxes and penalties...
Probably Twit Romney.
Gee. You were right. According to CNN, “The legislation had been championed by the late Sen. Edward Kennedy, D-Massachusetts.”
It was a lie then and a lie now.
It needs to be squashed before it destroys this country.
And Commiecare™ hasn’t even started yet!
When was the Twit Romney in Congress?
What! Conservatives are right again? Maybe now the MSM will start to take us seriously. (all right, its Friday night and the Bourbon is doing the talking).
Obama care was modeled after twits romneycare.
I was referring to how Romney care was supposedly used as the model for ObamaCare.
There was never going to be any deficit reduction with ObamaCare and we all know it.
Deficit reduction?
Who believed any such thing? Maybe Rachel Maddow bought it, but she may be alone in this.
ditto.
Boner is saddened.
It’s always funny to see the money illusion or the bond illusion unwind. Of course, watching them both unwind simultaneously is painful.
You’ve got the income redistributionists in power. We’ve got to get the income growth guys in and asap.
Palliative End of Life Optimum Serenity Initiative (PELOSI).
Just give 'em a pill. Any pill.
Old people never die, they just get in the way. Once said by a famous American (Paraphrasing)
Old people have a duty to die and get out of the way. Said by a Democrat, former governor of Colorado, and now very old Richard Lamm -- to be fair he did say very ill old people (later modified to include all who are very ill) have a duty to die and get out of the way.
Or the European model: You're too old, get out of here!
I don’t know who wrote it (Teddy?) but I’m guessing we will soon be told, “If you want such wonderful things, you’ve got to go single payer”.
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