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Baucus' cooked books
NY Post ^ | October 09, 2009 | Editorial

Posted on 10/09/2009 3:51:05 PM PDT by Scanian

Before "fixing" health care, maybe Washington should focus on educa tion. Because it looks like no one in Congress ever learned basic math.

How else to explain the Democrats' boast that ObamaCare will save taxpayers money?

They're reacting, of course, to the Congressional Budget Office's declaration that Sen. Max Baucus' "compromise" health-care bill -- which comes in at the bargain-basement price of $829 billion -- might reduce the federal deficit.

Too bad the numbers come from books so well-cooked they'd make Julia Child blush.

Under Baucus' scheme, money from tax hikes starts coming in three years beforecash for benefits starts going out. Which makes it pretty easy for revenue to top spending if you're looking at the balance sheets through just 2019, which is what the CBO does.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: deficits; democrats; medicarecuts; taxes

1 posted on 10/09/2009 3:51:05 PM PDT by Scanian
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To: Scanian

If you’re looking at 10 years starting in 2014 the price tag comes out to 1.6 trillion dollars


2 posted on 10/09/2009 3:55:54 PM PDT by Joiseydude (I'd rather die on my feet, than live on my knees. Live free or die.)
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To: Joiseydude

huge fees and fines... oh boy.


3 posted on 10/09/2009 4:06:25 PM PDT by Pikachu_Dad
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To: Joiseydude

How did they structure the financing? 10 years of revenue vs. 7 years of services?

Yeah, I reckon you can make a lot of things “revenue neutral” that way.


4 posted on 10/09/2009 4:38:42 PM PDT by Scanian
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To: Scanian
Scanian wrote:
How did they structure the financing? 10 years of revenue vs. 7 years of services?

Yeah, I reckon you can make a lot of things “revenue neutral” that way.

Yes, though it is actually 6 ½ years. They had to move the benefits out another six months for a lot of things. Check Text of the America's Healthy Future Act as Amended (PDF Version) and search in that for “January 1, 2013.” In most places, the amendment process struck that date and made it “July 1, 2013.”


From the desk of
cc2k:

5 posted on 10/09/2009 5:03:47 PM PDT by cc2k (Are you better off today than you were $4,000,000,000,000 ago?)
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