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.
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 projection
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Terminating trillions of dollars in future spending will “heap mountains of debt onto our children LOL. Really this odumbi in the White House is hoping we all drink the Kool Aid.
10 years of taxes to fund six years of subsidies
The government can’t subsidize coverage for tens of millions of new people and simultaneously reduce the deficit, as most Americans seem to intuitively understand
http://online.wsj.com/article/SB10001424052748704415104576065723458609678.html?mod=WSJ_Opinion_LEADTop