Saturday, January 8, 2011

Health Care Repeal - #2543 - Democrats and the CBO's Obamacare Numbers - American Thinker

During ObamaCare debates, past and present, Democrats point to the estimates of the Congressional Budget office which show that enacting Health Care Reform gives the U.S. $143 billion in savings over the first ten years (starting in early 2010), and repealing ObamaCare would 'wipe-out' these very savings. The crucial thing to understand is that the CBO is just a calculator: It only adds and subtracts the numbers Congress gives it. For example, a bill -- to be called ObamaCare -- that has $857 billion in expenses over the first ten years; approximately $500 billion in tax increases, in addition to approximately $500 billion in Medicare cuts over the same period, will give you a savings of $143 billion. This is what the CBO tells you. However, the CBO will not be there to make sure that the planned Medicare cuts indeed take place or that the tax increases will be enacted.  Read more.......

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