Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 03-18-2010, 10:27 PM  
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 
Join Date: Jun 2001
Casino cash: $10096341
CBO: Obamacare Would Cost Over $2 Trillion

CBO: Obamacare Would Cost Over $2 Trillion
BY Jeffrey H. Anderson
March 18, 2010 6:36 PM

The CBO’s most recent analysis is out, and it’s not likely to convince wavering House Democrats to jump to the Obamacare side of the fence. Even the Democrats are granting that the latest version of their proposed health care overhaul would cost $69 billion more than the previous version. According to the CBO, this version would siphon even more money out of Medicare, make even further cuts to Medicare Advantage, and levy even higher taxes and fines on the American people.


President Obama, Speaker Pelosi, and their allies, are cheerfully citing “ten year” costs of $940,000,000,000.00 — apparently believing this to be a far more palatable figure than $1 trillion. But even this colossal tally is like the introductory price quoted by a cell phone provider. It’s the price before you pay for minutes, fees, and overcharges — and before the price balloons after the introductory offer expires.

For a variety of reasons, this tally doesn’t remotely reflect the bill’s real ten-year costs. First, it includes 2010 as the initial year. As most people are well aware, 2010 has now been underway for some time. Therefore, the CBO would normally count 2011 as the first year of its analysis, just as it counted 2010 as the first year when analyzing the initial House health bill in the middle of 2009. But under strict instructions from Democratic leaders, and over strong objections from Republicans, the CBO dutifully scored 2010 as the first year of the latest version of Obamacare. If the clock were started in 2011, the first full year that the bill could possibly be in effect, the CBO says that the bill’s ten-year costs would be $1.2 trillion.

But even that wouldn’t come close to reflecting the bill’s true costs. The CBO projects that over the next four years, less than two percent of the bill’s alleged “ten year” costs would hit: just $17 billion of the $940 billion in costs that the Democrats are claiming. In fact, the costs through President Obama’s entire presidency, should he be reelected, would be $336 billion. What would the president leave behind for his successor? According to the CBO, he would leave behind costs of $837 billion during his successor’s first term alone. If his successor were to serve a second term, he or she would inherit a cool $2.0 trillion in Obamacare costs — about six times its costs during Obama’s own tenure. This legislation is a ticking time-bomb.

To see the bill’s true first-decade costs, we need to start the clock when the costs would actually start in any meaningful way: in 2014. The CBO says that Obamacare would cost $2.0 trillion in the bill’s real first decade (from 2014 to 2023) — and much more in the decades to come.

But $2.0 trillion wouldn’t be the total ten-year costs. Instead, that would merely be the “gross cost of coverage provisions.” Based on earlier incarnations of the proposed overhaul, the total costs would be about a third higher (the exact number can’t be gleaned from the CBO’s analysis, which is only preliminary and is not a full scoring) — making the total price-tag between $2.5 and $3 trillion over the bill’s real first decade.

How would we pay for all of this? According to the CBO, by diverting $1.1 trillion away from already barely-solvent Medicare and spending it on Obamacare, and by increasing taxes on the American people by over $1 trillion. Among the Medicare cuts would be cuts of $25,000 in Medicare Advantage benefits per enrollee — up from $21,000 in the previous scoring. To be clear, those living in South Florida wouldn’t have to worry about this, as the newly politicized nature of health care would cause them to be exempted. These cuts would affect only less-fortunate seniors, namely those living in just about any other part of the country.

We’d also pay for this through increased deficits. Under strict instructions from the Democrats, the CBO gave Obamacare credit for over $400 billion (from 2014 to 2023) in phony “savings” that would allegedly result from cutting doctor’s payments under Medicare by over 20 percent and never raising them back up. As the CBO notes, one of two things could happen: Congress could either follow through on these severe pay cuts — in which case doctors would view all Medicare patients as if they have the plague — or, Congress could eliminate these pay cuts — as everyone in Washington expects to have happen under the so-called “doc fix” — in which case the CBO projects that this bill would raise deficits by over $100 billion from 2017 to 2019 alone.

So, after racking up higher deficit spending in two years than President Bush (or any other president) did in two terms, President Obama would leave his successor a 12-figure deficit related to Obamacare alone — for the period from 2017 to 2019 alone. That’s according to the CBO.

And what would we get for all of this? The CBO says that health insurance premiums would rise by 10 to 13 percent in the individual market, in relation to current law. The Medicare Chief Actuary says that the percentage of the gross domestic product spent on health care would also rise in relation to current law, increasing from 17 percent today to 21 percent in 2019. And, as the CBO reports in its latest scoring, as of 2019 there would still be 23 million people in America lacking health insurance.

When the House votes on Obamacare, probably this weekend, it will do the following: Most likely all in one motion, it will vote on whether to pass the Senate bill — or, more likely, on whether to “deem” it passed — and on additional language. Should the House pass the Senate bill, it would be enacted the second that it went to the president and his pen touched the page. At that point, the “Cornhusker Kickback,” the “Louisiana Purchase,” “Gator Aid,” and all the rest, would become the law of the land. The additional language would be passed on to the Senate. The new CBO score is for the whole ball of wax — for the Senate bill, which would immediately become law, plus the new language, which wouldn’t. Clear as mud?

Meanwhile, President Obama is continuing to meet with wavering House Democrats, offering them rides on Air Force One and almost unimaginable combinations of other incentives and disincentives. Members of Congress report that, when they sit across from him in close quarters at his invitation, he says to them, “Help me make history.” In Jerry Maguire, the character played by Cuba Gooding Jr. famously says, “Help me help you.” For Obama, it’s “Help me help me.

The latest CBO score should help wavering Democrats to resist the president’s plea and listen anew to the pleas of their constituents. Two trillion dollars is a lot to spend on something that Americans don’t want.

http://weeklystandard.com/blogs/cbo-...ver-2-trillion
Posts: 50,310
Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.
  Reply With Quote
Old 03-18-2010, 10:31 PM   #2
petegz28 petegz28 is online now
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $244203
But, but, but....Nan-Nan said....
__________________
"Finally, anyone who uses the terms, irregardless, a whole nother, or all of a sudden shall be sentenced to a work camp."

Stewie Griffin
Posts: 62,073
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
  Reply With Quote
Old 04-01-2010, 01:55 PM   #3
The Mad Crapper The Mad Crapper is offline
Banned
 

Join Date: Dec 2009
Location: Sea of Green 23.4°
Casino cash: $45794


Hopey Change™
Posts: 8,657
The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.
  Reply With Quote
Old 04-01-2010, 02:03 PM   #4
CoMoChief CoMoChief is offline
The Revolution Has Begun
 
CoMoChief's Avatar
 

Join Date: Mar 2005
Location: KCMO
Casino cash: $139323
Out of all of this time debating HC, not once..ONCE have I heard a liberal try to tell me how this bill is going to reduce the national debt we have.
Posts: 29,928
CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.
  Reply With Quote
Old 04-01-2010, 02:04 PM   #5
mlyonsd mlyonsd is offline
Supporter
 

Join Date: Aug 2000
Location: Spink, SD
Casino cash: $49110
Quote:
Originally Posted by CoMoChief View Post
Out of all of this time debating HC, not once..ONCE have I heard a liberal try to tell me how this bill is going to reduce the national debt we have.
I started a poll on it and there were only a few brave liberal posters that had the nads to go on record.
Posts: 24,433
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 04-01-2010, 02:38 PM   #6
talastan talastan is offline
Manning, we're coming for you!
 
talastan's Avatar
 

Join Date: Jul 2006
Location: Springfield, Mo
Casino cash: $35172
So they are just now finding out we are paying ten years for six effective years worth of services? And they didn't include the nickel/dime fees, doctor's fix, etc. ?!



Que Orange in 3....2....1...
__________________
Can we please just draft AND DEVELOP a QB - est. since 1983

Check out my band:

Truett and the Traitors
Posts: 4,815
talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.
  Reply With Quote
Old 04-01-2010, 03:36 PM   #7
Bill Parcells Bill Parcells is offline
The Poster That Cares
 
Bill Parcells's Avatar
 

Join Date: Aug 2006
Location: Parts Unknown
Casino cash: $12457
Jeffrey Anderson and Taco John are racists..this can't be true
Posts: 14,921
Bill Parcells has disabled reputation
  Reply With Quote
Old 04-01-2010, 03:53 PM   #8
DJ's left nut DJ's left nut is offline
Gonna take a break for awhile.
 
DJ's left nut's Avatar
 

Join Date: Sep 2005
Location: Columbia, Mo
Casino cash: $52518
Well, we passed it.

Now we get to figure out what's in it.
__________________
If you can't draw a crowd, draw dicks on the wall.

2013 Adopt-A-Chief: AJ Jenkins, WR #13
Posts: 19,561
DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.DJ's left nut is obviously part of the inner Circle.
  Reply With Quote
Old 04-01-2010, 03:55 PM   #9
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $209019
Quote:
Originally Posted by mlyonsd View Post
I started a poll on it and there were only a few brave liberal posters that had the nads to go on record.
In my case, at any rate, it's not lack of nads, but knowledge.

In any event I continue to maintain that I support HC reform so long as it's deficit neutral. Our financial position is such that we cannot afford any new, potentially onerously expensive, entitlement programs.
Posts: 32,519
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 04-01-2010, 04:51 PM   #10
talastan talastan is offline
Manning, we're coming for you!
 
talastan's Avatar
 

Join Date: Jul 2006
Location: Springfield, Mo
Casino cash: $35172
Quote:
Originally Posted by DJ's left nut View Post
Well, we passed it.

Now we get to figure out what's in it.

Nothing like having the ability to claim ignorance...."I should be reelected because I wasn't able to read the bill. Therefore I shouldn't be held responsible for what's in it!" / Any Dem incumbant this fall.
__________________
Can we please just draft AND DEVELOP a QB - est. since 1983

Check out my band:

Truett and the Traitors
Posts: 4,815
talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.talastan has just been standing around suckin' on a big ol' chili dog.
  Reply With Quote
Old 04-01-2010, 04:57 PM   #11
irishjayhawk irishjayhawk is offline
Feelin' Alright
 
irishjayhawk's Avatar
 

Join Date: Aug 2004
Casino cash: $36445
Quote:
Originally Posted by talastan View Post
Nothing like having the ability to claim ignorance...."I should be reelected because I wasn't able to read the bill. Therefore I shouldn't be held responsible for what's in it!" / Any Dem incumbant this fall.
And if they say that, **** 'em, they're toast.
__________________
"Think about how stupid the average person is. Then remember that half the people in the world are stupider than that." --George Carlin
Posts: 16,887
irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.irishjayhawk is a favorite in the douche of the year contest.
  Reply With Quote
Old 04-01-2010, 10:27 PM   #12
Velvet_Jones Velvet_Jones is offline
Absofreakinlutely
 
Velvet_Jones's Avatar
 

Join Date: Mar 2003
Location: Sweet Fancy Moses!
Casino cash: $23379
5 out of 4 liberals are bad at math.
Posts: 2,343
Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.Velvet_Jones must have mowed badgirl's lawn.
  Reply With Quote
Old 04-02-2010, 07:55 AM   #13
CoMoChief CoMoChief is offline
The Revolution Has Begun
 
CoMoChief's Avatar
 

Join Date: Mar 2005
Location: KCMO
Casino cash: $139323
Quote:
Originally Posted by Velvet_Jones View Post
5 out of 4 liberals are bad at math.
Yup. The HC is loaded with financial numbers that will crush our economy and jobs, and dems are defending it with fuzzy math.
Posts: 29,928
CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.CoMoChief is too fat/Omaha.
  Reply With Quote
Old 04-02-2010, 10:56 AM   #14
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1255637
The math that is critical to the Obots is that the negative number applys to fat cat republicans. Nothing else matters. Take from the rich and keep the poor poor.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 26,786
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 04-03-2010, 08:45 AM   #15
The Mad Crapper The Mad Crapper is offline
Banned
 

Join Date: Dec 2009
Location: Sea of Green 23.4°
Casino cash: $45794
Quote:
Originally Posted by Velvet_Jones View Post
5 out of 4 liberals are bad at math.
Posts: 8,657
The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.The Mad Crapper would the whole thing.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 10:01 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.