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CBO Says Health Care Reform repeal would save $540 Billion

January 7, 2011 politisite 0

The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes, which accounts for the deficit reduction. Full email, […]

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We told you so! CBO: Health Care Reform will INCREASE the Deficit

May 12, 2010 politisite 0

We told you so and we are not afraid to say it.  The CBO says raise taxes or find savings.  Lets put it this way, congress couldn’t find savings if there were a Health care savings coupon in the Federal register.  The CBO has revised and reported that health care WILL increase the deficit without further intervention. So folks wanted to believe Obama and his cronies during the whole process […]

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First Thoughts on the CBO Score

March 18, 2010 politisite 0

Megan McArdle at The Atlantic see’s it this way 1)  Thanks to reconciliation instructions, they needed to improve the budget impact by at least $1 billion in the sidecar.  They improved it by exactly $1 billion.  Which goes back to what I’ve now said several times: the CBO process has now been so thoroughly gamed that it’s useless. 2)  The proposed changes increase spending dramatically, most heavily concentrated in the […]

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No CBO score, Vote delay at least until Sunday

March 17, 2010 politisite 0

Oh, I am sure there have been partial scores, but not on the whole Bill.  This will delay a vote until Sunday in a perfect congressional climate According to The Hill.com there is no CBO scoring yet which means that if the 3 day rule is followed then there won’t be a vote on Saturday. So unless Obama delays his trip again it is unlikely things will happen before the […]

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CBO says Obama Underestimated Deficit by 1.2 Trillion

March 6, 2010 politisite 0

President Barack Obama’s budget proposal would create bigger deficits than advertised every year of the next decade, with the shortfalls totaling $1.2 trillion more than the administration projected, according to the Congressional Budget Office. The nonpartisan agency said yesterday the deficit will remain above 4 percent of the nation’s gross domestic product for the foreseeable future while the publicly held debt will zoom to $20.3 trillion, amounting to 90 percent […]

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Congressman Paul Ryan educates on how the CBO scores Bills

February 26, 2010 politisite 0

Congressman Paul Ryan educates on how the CBO scores Bills Here’s the video of Rep. Paul Ryan explaining the accounting gimmicks behind Democratic claims that their health care legislation would reduce the deficit and contain the growth in health care costs. We all agree that health inflation is driving us off a fiscal cliff.  The President has said health care reform is budget reform.  You’re right. Read the rest at  […]