Saturday, November 07, 2009
|
|
CBO: PelosiCare Cost Estimate = $3 Trillion Over 10 Years
|
|
Posted by:
Meredith Jessup at
11:07 AM
|
The following info is a statement from Senator Gregg (R-NH), the ranking Republican on the Senate Budget Committee:
Senator Gregg: Updated CBO Estimate of House Bill Pulls Back the Curtain on Majority’s Intent to Grow Government by $3 Trillion. Senator Judd Gregg (R-NH), ranking member of the Senate Budget Committee today commented on the Congressional Budget Office’s (CBO) more detailed cost estimate of the manager’s amendment to the House health reform bill. Senator Gregg stated, “The CBO estimate released last night finally sheds light on the smoke and mirrors game the majority has been playing with the cost of their health care reform proposal. Over the first 10 years, this legislation builds in gross new spending of $1.7 trillion – and most of the new spending doesn’t even start until 2014. Once that spending is fully phased in, the House Democratic bill rings up at more than $3 trillion over ten years. “Additionally, this bill cuts critical Medicare and Medicaid funding by $628 billion, accounts for nearly $1.2 trillion in tax and fee increases and will explode the scope of government by putting the nation’s health care system in the hands of Washington bureaucrats. The $3 trillion price tag defies common sense – we simply cannot add all this new spending to the government rolls and claim to control the deficit. “If we continue to pile more and more debt on the next generation, they will never be able to get out from under it. The health care system needs reform, but this massive expansion of government, financed by our children and grandchildren, is the wrong way to proceed.”
|
|
Would everyone stop getting "wee wee'd" up over this healthcare bill? Obama will take care of us. The printing presses at the treasury are running 24 hours-7 days a week...what's to worry about?
Hope and Change!!!! Weeeeeeeeeeeeeeee! |
|
During these debates the dems keep invoking the spirit of ole teddy - like that is going to force the passage - everytime the Repubs make their statements and actually QUOTE the bill the dems get up there and say oh no, we changed that or no you misunderstand.
Now the Rep from the Mariannas Islands says we must do this because they need help - like Puerto Rico and all of our 'colonies' they get and it costs them nil - we foot the whole bill. Why are we still keeping this antiquated system?
The dems get madder and are still saying the AMA supports them but there is a backlash at the AMA and they may be pulling support.
One dem says we lack quality medical care now and the next one says we have the best care - they are not even on the same page. |
|
"Would someone ask Sen Greg where he got this $3 Trillion dollar figure from....?"
Better questions, would someone ask Obama where his "jobs saved" numbers come from?
Would someone ask Grayson why he continues to quote the "44000 dead" a year from a poorly conducted study?
Would someone ask Sky Pete why he continues to believe what he is told rather than come up with intelligent, fact based opinions?
Just a few that come to mind. |
|
"X = Taxes need per taxpayer per year to pay for this legislation"
President Soetoro said tha no person making under $250K per year would see a single tax increase. "Not one dime", says Soetoro.
"X" doesn't include ALL taxpayers does it? Just the "rich", right? |
|
Without an Amendment, statism is UnConstitutional.
Regardless, Medicare cost 9X's what govt projected. Medicare is broke. The $3T number is wishful thinking.
Democrats are destroying the country.
|
|
Lets also remember however conservative the CBO is, they are ALWAYS off base on projections. Show me an example of when they've been close to right on any estimates? Several years later the story is much more expensive than the picture they've painted.
|
|
Lets go back to my first comment here.
Pelosi and gang are trying to lift the inflation index on your taxable income. That means everytime you get a cost of living raise, you creep towards a higher tax bracket.
Glad you can live with that. Because it'll be alot more than $150/year for middle income people. And they'll just find ways to spend the extra.
LET ME BE CLEAR. I will not tax anyone making over...zero. |
|
"
Sky Pete
Sky in the pie...your taxes are going up if Pelosi gets her way. I'd say if the WH signed this, that makes em all liars.
START OVER with the interests of the people first.
"
---
Let's do a little math exercise based on the real updated CBO Report( not sure what Sen Greg is referring too) and without the anti-reform rhetoric... shall we
The CBO Estimate is 1.029 Trillion Dollars over 10 years.
Lets assume the reform brings in absolutely no revenue except for taxpayer dollars ( fictitious worst case scenario ) and with 180 million taxPayers
X = Taxes need per taxpayer per year to pay for this legislation
X = ( 1.029 Trillion / 10 ) / 180 million
X = $524 / person-yr
-----
The Kaiser/Health Research and Educational Trust 2008 Employer Benefits Survey found that the average premium in 2008 for single plan was $4,702... The CBO Estimates that an individual plan enrollee would save $374 / yr (@ an 8% reduction )
---
524 - 374 = + $150 / yr ( net ) avg for each taxpaying insurance enrollee
Under this Fictitious Worst Case Scenario assuming Reform has zero revenue besides taxPayer dollars...
I can live with that
|
|
CBO anticipates that the combination of provisions in the amendment would reduce average private health insurance premiums per enrollee in the United States, relative to what they would be under current law-by 7 percent to 10 percent in the small group market, by 5 percent to 8 percent for individually purchased insurance, and by zero to 3 percent in the large group market.
Would someone ask Sen Greg where he got this $3 Trillion dollar figure from....?
It appears no where in the Latest Updated CBO posted on the internet
http://www.cbo.gov/ftpdocs/107xx/doc10710/hr3962Dingell_mgr _amendment_update.pdf |
|
|
at first it was too expensive and NOW the govt will make money? |
|
Sky in the pie...your taxes are going up if Pelosi gets her way. I'd say if the WH signed this, that makes em all liars.
START OVER with the interests of the people first. |
|
Directly From the CBO Director.
"
CBO and the staff of JCT estimate that, on balance, the direct spending and revenue effects of enacting H.R. 3962, incorporating the manager’s amendment,
**
would yield a net reduction in federal budget deficits of $129 billion over the 2010-2019 period.
**
(CBO has not completed a comprehensive estimate of the legislation’s potential impact on spending that is subject to future appropriation action.) In the decade after 2019, the bill would probably result in slight reductions in federal budget deficits.
On October 29, 2009, CBO transmitted a preliminary analysis of H.R. 3962 as introduced. (As discussed in that analysis, CBO and JCT estimated that enacting H.R. 3962 would result in a net reduction in federal budget deficits of $104 billion over the 2010–2019 period.) This estimate differs from that preliminary analysis for several reasons:
"
source: http://cboblog.cbo.gov/?p=418
( JCT= Joint Committee on Taxation )
So in other words:
Someone is LYING to you again. !
Don't y'all get tired of being played
|
|
Yeah, thats reassuring. Lets start with 2000 pages of crap and negotiate from there.
|
|
Princess P and Co snuck in an provision to repeal indexing of income tax brackets for inflation.
So once inflation hits ,and it will, cost of living raises will push EVERYONE into the next tax bracket eventually. So EVERYONE will be subject to tax increases...
LET ME BE CLEAR. I will not raise taxes on anyone making less than....Zero. Everyone else, your screwed. |
|
the Senate bill will be different. Then they go to work, and get a final bill.
|
|
|
now it's up to $3,000,000,000,000, and we all know it'll be at least 3x that. Our children will be hard pressed to find grocery money once this goes through. |
|
|
|