CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers 95% - New England Patriots Forums - PatsFans.com Patriots Fan Messageboard
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Hey, sounds good to me. Pass the damn bill already.
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Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
It doesn't "save" money, it just raises taxes more than it costs. It COSTS $940 Billion, basically a TRILLION dollars. The "savings" is taking that TRILLION dollars, and then some, out of the economy.
Think of it this way. It costs over $1T each ten years. Then you have the so-called budget cut of $1.3T. That all comes from tax increases. So over 20 years you have a tax increase of $3.5T or so. If you think "the rich" will be paying all of that, without costing jobs, great. The reality is it will trickle down to all of us. The reality is that "the rich" are the ones who hire people. The reality is you can't take hundreds of billions out of the economy every year without it hitting the economy in very real ways.
I don't believe that it will come close to these numbers. But even if it does, the amount of money being taken out of the economy is downright scary.
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Congress usually asks CBO to judge a bill’s budget impact over 10 years. In the case of health-care reform, Congress is seeking to fudge the budget impact of the program by starting the program in 2013. But the CBO’s 10-year estimates start with 2010, so that they actually include costs for seven program years.
In addition, the CBO estimates show costs rising dramatically over time. “The estimate on the Senate bill could give the impression the program will cost $85 billion a year,” said Marron.
But the CBO estimate shows costs of more than $200 billion at year 10 and rising. In other words, costs for the original Senate bill could run well over $2 trillion during the second decade of the program.
That forecast, however, doesn't mean that what the CBO counts as lower deficits will lead to less debt, as taxpayers might expect. In fact, it appears that it would require the Treasury to borrow almost 40 cents of every dollar in new spending the bill requires.
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
The country is going to hell, this Obama guy needs to be impeached and all of congress needs to be replaced with fresh new faces.
The Change He Promised:
Things Have Changed To Worse
Things were bad under Bush but nowhere as bad as they are becoming under Barack Hussein Obama, it's scary.
End The Wars
Close Gitmo
yeah right.................
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Hey, sounds good to me. Pass the damn bill already.
and the original projection for Medicare predicted out 25 years was a total cost estimate of $9 Billion when in actuality , it was $66 Billion. Several years ago the CATO institute did a great job of detailing by costs exceed estimates
1) Congress doesn't like to tell the true cost of a program. It sounds better if they low ball it.
2) People act rationally and alter behavior to maximize benefits and employers to minimize costs.
3) Congress expands the entitlement to be all things to all people. The proverbial camel's nose under the tent.
This will be no different.......and there is no way it will reduce the deficit
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
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Originally Posted by BelichickFan
It doesn't "save" money, it just raises taxes more than it costs. It COSTS $940 Billion, basically a TRILLION dollars. The "savings" is taking that TRILLION dollars, and then some, out of the economy.
Think of it this way. It costs over $1T each ten years. Then you have the so-called budget cut of $1.3T. That all comes from tax increases. So over 20 years you have a tax increase of $3.5T or so. If you think "the rich" will be paying all of that, without costing jobs, great. The reality is it will trickle down to all of us. The reality is that "the rich" are the ones who hire people. The reality is you can't take hundreds of billions out of the economy every year without it hitting the economy in very real ways.
I don't believe that it will come close to these numbers. But even if it does, the amount of money being taken out of the economy is downright scary.
If you had been on here complaining day and night about the bush tax cuts 2-3 trillion or the cost of the iraq war 1 trillion or so i would take you more seriously, but your c/o has been pretty one sided since i've been here
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
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Originally Posted by reflexblue
If you had been on here complaining day and night about the bush tax cuts 2-3 trillion or the cost of the iraq war 1 trillion or so i would take you more seriously, but your c/o has been pretty one sided since i've been here
Do you always look back like this ? What's was done is done. It can't be changed. All we can do is what's ahead and this is going to add to the wreckage that is our economy.
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
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Originally Posted by BelichickFan
Do you always look back like this ? What's was done is done. It can't be changed. All we can do is what's ahead and this is going to add to the wreckage that is our economy.
Never mind that we were wrong then, we're right now.
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
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Originally Posted by Mrs.PatsFanInVa
Never mind that we were wrong then, we're right now.
I've never seen people so anxious to spend trillions of dollars. Especially when part of the argument for this debacle was "the uninsured just go to the more expensive emergency room anyway". If so, 1) why do we need to do this if they are still getting medical care and 2) why does it cost trillions when we were already paying anyway.
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
The best part about this horrid bill, is that Pelosi and Obama don't even know what's inside it. GROSS!
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Re: CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers
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Originally Posted by BelichickFan
I've never seen people so anxious to spend trillions of dollars. Especially when part of the argument for this debacle was "the uninsured just go to the more expensive emergency room anyway".
That was a very small part of "the argument," BC. More like a mention than an actual reason.
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1) why do we need to do this if they are still getting medical care
It's pointless to endlessly rehash this fallacy with you but, just for the record, the "medical care" in an ER is not medical care - it is emergency care. It is temporary and costly and does absolutally nothing to treat the chronic illnesses that kill millions of Americans each year.
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and 2) why does it cost trillions when we were already paying anyway.
Look, if it comes down to it - you can choose to pay trillions for the right reasons or the wrong reasons....If you insist on thinking that we pay trillions to ERs to treat indigent people then look at it this way - you're paying trillions for bandaids the way you see it now. Do it the other way and actually take those trillions and give people affordable health insurance and you've gone from paying for short term bandaids to paying for long term cures.
CBO: Health-care reform bill cuts deficit by $1.3 trillion over 20 years, covers 95%
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