Breaking News: CBO Corrects Its Debt Assessment
By Bronwyn's Harbor on December 20, 2009 at 5:46 PM in Current Affairs
We cannot — cannot — trust a word that Harry Reid or the MSM initially tell us, and here’s some more proof of that immutable fact, now about what the CBO report REALLY says. (You know, yesterday, when I saw the first reports on the CBO report that gave high marks to the Senate bill, I assumed the CBO had been compromised by the White House. I’m still suspicious that the CBO’s independence has been monkeyed with.) When you read the report from the Weekly Standard blog, you are going to EXPLODE. But, at the end of this post, instead of just exploding, I’m going to insist that you also take action. Why? We simply have to.
First, check out this article from The Hill: “CBO issues correction: Health bill nixes deficit less than thought.” Then, via the blog at The Weekly Standard, comes this analysis straight out of the CBO’s own report:
CBO: Real 10-Year Cost of Senate Bill Still $2.5 Trillion
With Obamacare, you get the good, the bad, and the ugly — except for the first part.
The Congressional Budget Office’s score is in for the final Senate health bill, and it’s amazing how little Americans would get for so much.
The Democrats are irresponsibly and disingenuously claiming that the bill would cost $871 billion over 10 years. But that’s not what the CBO says. Rather, the CBO says that $871 billion would be the costs from 2010 to 2019 for expansions in insurance coverage alone. But less than 2 percent of those “10-year costs” would kick in before the fifth year of that span. In its real first 10 years (2014 to 2023), the CBO says that the bill would cost $1.8 trillion — for insurance coverage expansions alone. Other parts of the bill would cost approximately $700 billion more, bringing the bill’s full 10-year tab to approximately $2.5 trillion — according to the CBO.
In those real first 10 years (2014 to 2023), Americans would have to pay over $1 trillion in additional taxes, over $1 trillion would be siphoned out of Medicare (over $200 billion out of Medicare Advantage alone) and spent on Obamacare, and deficits would rise by over $200 billion. They would rise, that is, unless Congress follows through on the bill’s pledge to cut doctors’ payments under Medicare by 21 percent next year and never raise them back up — which would reduce doctors’ enthusiasm for seeing Medicare patients dramatically.
And what would Americans get in return for this staggering sum? Well, the CBO says that health care premiums would rise, and the Chief Actuary at the Centers for Medicare and Medicaid Services says that the percentage of the Gross Domestic Product spent on health care would rise from 17 percent today to 21 percent by the end of 2019. Nationwide health care costs would be $234 billion higher than under current law. How’s that for “reform”?
Even MoveOn.org says that the bill is “a massive giveaway” to private insurance companies. The CBO estimates that, from 2015-25, private insurers would receive $1.0 trillion in subsidies from the American taxpayer — the insurers’ apparent price for giving up their freedom and being controlled by the government. Congress would mandate that Americans buy the insurers’ product and would redirect massive sums of taxpayer money to make that mandate more feasible. So, if insurance companies are your idea of a worthy object of philanthropy, then Obamacare is for you. …
I wish I could just print the entire post.
Go here to read it all: CBO: Real 10-Year Cost of Senate Bill Still $2.5 Trillion
I have my head in my hands. I’m screaming inside. HOW IN THE HELL CAN CONGRESS PUSH THIS BILL THROUGH???
WHAT CAN WE DO? There’s something far more constructive than screaming by myself, or to you in my writings.
Michelle Malkin, to her great credit, keeps urging people to NOT RELENT and to contact their Representative and Senators. Let’s all do just that.
You know the thing to do: Senate.gov and House.gov. Look up your members of Congress, call them, and calmly tell them that you cannot — in good conscience — vote for them if they support Obamacare.
CLICK HERE to contact both of your senators:
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Check out Memeorandum.com for more blog reactions to the corrected CBO report.



















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