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	Name:	MartiniMan -
	Subject:	CBO on Obamacare
	Date:	10/9/2009 11:46:42 AM

The CBO says the Baucus approach will cost $829 billion over ten years but reduce the deficit?!?!? How do they accomplish such an amazing accounting feat you ask? Answer: higher taxes on everyone, cuts in Medicare that will impact senior citizens and millions left uncovered. See below from Heritage:

Just a preliminary analysis. The CBO makes very clear that its analysis is based on Sen. Baucus' plain-English draft proposal. It is not based on final legislative language, so the cost estimates are subject to drastic change.

Real cost may be far higher. The $829 billion ten-year cost could easily underestimate the real burden. "Virtually all cost estimates of government programs underestimate the true cost," she argues. Just look at programs like Medicare, which came in about eight times more expensive than early projections.

'Paid for' with new taxes. How do you turn $829 billion in spending into an $81 billion deficit reduction? In part by raising taxes. Individuals who choose not to purchase government-approved health coverage and employers who opt not to provide coverage to their employees will face heavy taxes. And new taxes on insurance companies will simply be passed on to consumers in the form of higher premiums.

'Paid for' with unlikely cuts. The other way the Left would pay for this bill is by cutting Medicare. How likely are these cuts? Not very, Owcharenko says: "Traditionally, such cuts rarely come to fruition. Special interests lobby to stop any real cuts from occurring after the bill is passed."

Leaves millions uninsured. Despite spending $829 billion or more specifically to provide insurance to those without it, 26 million people will still lack coverage. Of those who do receive government coverage, approximately half of them will be dumped into Medicaid -- "a program sorely in need of reform itself."

CBO did their job and told the truth. The only way this works is with higher taxes, cuts in Medicare for our beloved seniors and dumping 2/3rds of the alleged uninsured onto the streets or into Medicaide. Good grief....its no wonder a majority of Americans don't want this and don't trust the government. What is sad/comical/sickening is the government media's portrayal of the report. No wonder they are losing customers in droves to the alternative media.

Other messages in this thread:

View Entire Thread

CBO on Obamacare - MartiniMan - 10/9/2009 11:46:42 AM

CBO on Obamacare - Psycho - 10/9/2009 1:27:53 PM

CBO on Obamacare - green,ed - 10/9/2009 1:45:06 PM

CBO on Obamacare - John boy - 10/9/2009 6:05:57 PM

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