CBO delivers devastating report

Discussion in 'Politics' started by toomuchtime_, Jul 17, 2009.

  1. toomuchtime_
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    toomuchtime_ Gold Member

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    Congress's chief budget analyst delivered a devastating assessment yesterday of the health-care proposals drafted by congressional Democrats, fueling an insurrection among fiscal conservatives in the House and pushing negotiators in the Senate to redouble efforts to draw up a new plan that more effectively restrains federal spending.

    Under questioning by members of the Senate Budget Committee, Douglas Elmendorf, director of the nonpartisan Congressional Budget Office, said bills crafted by House leaders and the Senate health committee do not propose "the sort of fundamental changes" necessary to rein in the skyrocketing cost of government health programs, particularly Medicare. On the contrary, Elmendorf said, the measures would pile on an expensive new program to cover the uninsured.

    Though President Obama and Democratic leaders have repeatedly pledged to alter the soaring trajectory -- or cost curve -- of federal health spending, the proposals so far would not meet that goal, Elmendorf said, noting, "The curve is being raised." His remarks suggested that rather than averting a looming fiscal crisis, the measures could make the nation's bleak budget outlook even worse.

    Elmendorf's blunt language startled lawmakers racing to meet Obama's deadline for approving a bill by the August break. The CBO is the official arbiter of the cost of legislation. Fiscal conservatives in the House said Elmendorf's testimony would galvanize the growing number of Democrats agitating for changes in the more than $1.2 trillion House bill, which aims to cover 97 percent of Americans by 2015.

    A lot of Democrats want to see more savings, said Rep. Mike Ross (D-Ark.), who is leading an effort to amend the bill before next week's vote in the Energy and Commerce Committee. "There's no way they can pass this bill on the House floor. Not even close."

    washingtonpost.com
     
  2. Xenophon
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    Xenophon Gone and forgotten

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    BO wants health care passed before the break, he knows his approval is sinking like a stone and he has to spend now before the groundswell against it becomes to large.

    The House and senate are different matters, they are looking at the approaching midterms and know that if they pile on more debt their political lives will be cut short.

    Bottom line, BO won't get the huge bill he wants anytime soon.
     
  3. chanel
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    chanel Silver Member

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    But Joe Biden says we must spend more in order to avoid going bankrupt.I wouldn't be surprised is tomorrow he says the CBO report is good news. Good ole Joe What a financial genius.
     
  4. Xenophon
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    Xenophon Gone and forgotten

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    Joe will more likely say that the report doesn't say what it does say.

    And even worse, he will probaly believe that too.
     

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