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View Full Version : Obama ObamaCare Repeal: $1.4 Trillion!!!


HonestChieffan
02-18-2011, 06:06 PM
Big Government is expensive.....

http://spectator.org/blog/2011/02/18/cbo-repealing-obamacare-to-red
Repealing the new national health care law would result in gross savings of $1.4 trillion, a new report by the Congressional Budget Office finds.

During the health care debate, Democrats were hard pressed to keep up with President Obamas promise that the legislation would cost around $900 billion. So they employed the gimmick of delaying the major spending provisions until 2014 to make the legislation appear cheaper within the CBOs ten-year budget window, then 2010 through 2019. At the time, I calculated that this tactic deferred 98 percent of the spending to the last six years of that period. Well, now two years have passed, and the CBOs budget window has shifted to 2012 through 2021 and voli the estimate that was $940 billion at the time of passage has suddenly gone up to $1.4 trillion. Keep in mind that this estimate still includes two years (2012 and 2013) prior to full implementation. Clearly, the actual 10-year cost of the major coverage provisions is going to be even higher likely something closer to $1.8 trillion.

Of course, Democrats are going to focus on the CBOs other finding

thecoffeeguy
02-18-2011, 10:07 PM
Big Government is expensive.....

http://spectator.org/blog/2011/02/18/cbo-repealing-obamacare-to-red
Repealing the new national health care law would result in gross savings of $1.4 trillion, a new report by the Congressional Budget Office finds.

During the health care debate, Democrats were hard pressed to keep up with President Obamas promise that the legislation would cost around $900 billion. So they employed the gimmick of delaying the major spending provisions until 2014 to make the legislation appear cheaper within the CBOs ten-year budget window, then 2010 through 2019. At the time, I calculated that this tactic deferred 98 percent of the spending to the last six years of that period. Well, now two years have passed, and the CBOs budget window has shifted to 2012 through 2021 and voli the estimate that was $940 billion at the time of passage has suddenly gone up to $1.4 trillion. Keep in mind that this estimate still includes two years (2012 and 2013) prior to full implementation. Clearly, the actual 10-year cost of the major coverage provisions is going to be even higher likely something closer to $1.8 trillion.

Of course, Democrats are going to focus on the CBOs other finding

The sooner that is repealed/defunded or whatever, the better.