Quantum Windbag
Gold Member
- May 9, 2010
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[ame=http://www.youtube.com/watch?v=syMFyzaBNUo]YouTube - ‪CBO: President's Speech Not A Serious Budget Plan‬‏[/ame]
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again now we believe the CBO?
again now we believe the CBO?
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
Huh? They included a rough estimate of its financial impact in the second decade in the original analysis. The law cuts the deficit substantially more in the second decade than it does in the first.
Effects of the Legislation Beyond the First 10 Years
Although CBO does not generally provide cost estimates beyond the 10-year budget projection period, certain Congressional rules require some information about the budgetary impact of legislation in subsequent decades, and many Members have requested CBOs analyses of the long-term budgetary impact of broad changes in the nations health care and health insurance systems. Therefore, CBO has developed a rough outlook for the decade following the 2010-2019 period by grouping the elements of the legislation into broad categories and (together with the staff of the Joint Committee on Taxation) assessing the rate at which the budgetary impact of each of those broad categories is likely to increase over time. Our analysis indicates that H.R. 3590, as passed by the Senate, would reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of gross domestic product (GDP). The imprecision of that calculation reflects the even greater degree of uncertainty that attends to it, compared with CBOs 10-year budget estimates.
Using that same analytic approach, the combined effect of enacting H.R. 3590 and the reconciliation bill would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range around one-half percent of GDP. The incremental effect of enacting the reconciliation bill (over and above the effect of enacting H.R. 3590 by itself) would thus be to further reduce federal budget deficits in that decade, with a total effect that is in a broad range between zero and one-quarter percent of GDP.
Now did you hear somewhere that the CBO didn't consider the impact of the legislation up to the 20-year-mark or did you just make that up yourself?
Estimating the effects of major changes to the health care and health insurance systems
over the next 10 years is very difficult and involves substantial uncertainty; generating
longer-term estimates is even more challenging and is fraught with even greater
uncertainty. As a result, CBO does not provide formal cost estimates beyond the 10-year
budget window
Budget is a four letter word to Democrats.
again now we believe the CBO?
That they do not estimate speeches? Can you give me a reason not to believe that statement?
The actual point here , which you obviously missed, is that Obama does not have a deficit reduction plan.
Do.I need to go link you to a few.threads where people like you say the cbo only gets info handed to them so its not correct?
using the cbo to justify your hate and partisan shit is quite hacky. Either you believe them when the info is and.bad.or.you don't believe anything from them period.
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
Huh? They included a rough estimate of its financial impact in the second decade in the original analysis. The law cuts the deficit substantially more in the second decade than it does in the first.
Effects of the Legislation Beyond the First 10 Years
Although CBO does not generally provide cost estimates beyond the 10-year budget projection period, certain Congressional rules require some information about the budgetary impact of legislation in subsequent decades, and many Members have requested CBOs analyses of the long-term budgetary impact of broad changes in the nations health care and health insurance systems. Therefore, CBO has developed a rough outlook for the decade following the 2010-2019 period by grouping the elements of the legislation into broad categories and (together with the staff of the Joint Committee on Taxation) assessing the rate at which the budgetary impact of each of those broad categories is likely to increase over time. Our analysis indicates that H.R. 3590, as passed by the Senate, would reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of gross domestic product (GDP). The imprecision of that calculation reflects the even greater degree of uncertainty that attends to it, compared with CBOs 10-year budget estimates.
Using that same analytic approach, the combined effect of enacting H.R. 3590 and the reconciliation bill would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range around one-half percent of GDP. The incremental effect of enacting the reconciliation bill (over and above the effect of enacting H.R. 3590 by itself) would thus be to further reduce federal budget deficits in that decade, with a total effect that is in a broad range between zero and one-quarter percent of GDP.
Now did you hear somewhere that the CBO didn't consider the impact of the legislation up to the 20-year-mark or did you just make that up yourself?
again now we believe the CBO?
That they do not estimate speeches? Can you give me a reason not to believe that statement?
The actual point here , which you obviously missed, is that Obama does not have a deficit reduction plan.
Do.I need to go link you to a few.threads where people like you say the cbo only gets info handed to them so its not correct?
using the cbo to justify your hate and partisan shit is quite hacky. Either you believe them when the info is and.bad.or.you don't believe anything from them period.
Budget is a four letter word to Democrats.
The Truth is even worse for them...have to laugh at the very sudden turn against the CBO by the same Muppet's that sing their praise when they see something that like.
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
Huh? They included a rough estimate of its financial impact in the second decade in the original analysis. The law cuts the deficit substantially more in the second decade than it does in the first.
Effects of the Legislation Beyond the First 10 Years
Although CBO does not generally provide cost estimates beyond the 10-year budget projection period, certain Congressional rules require some information about the budgetary impact of legislation in subsequent decades, and many Members have requested CBOs analyses of the long-term budgetary impact of broad changes in the nations health care and health insurance systems. Therefore, CBO has developed a rough outlook for the decade following the 2010-2019 period by grouping the elements of the legislation into broad categories and (together with the staff of the Joint Committee on Taxation) assessing the rate at which the budgetary impact of each of those broad categories is likely to increase over time. Our analysis indicates that H.R. 3590, as passed by the Senate, would reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of gross domestic product (GDP). The imprecision of that calculation reflects the even greater degree of uncertainty that attends to it, compared with CBOs 10-year budget estimates.
Using that same analytic approach, the combined effect of enacting H.R. 3590 and the reconciliation bill would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range around one-half percent of GDP. The incremental effect of enacting the reconciliation bill (over and above the effect of enacting H.R. 3590 by itself) would thus be to further reduce federal budget deficits in that decade, with a total effect that is in a broad range between zero and one-quarter percent of GDP.
Now did you hear somewhere that the CBO didn't consider the impact of the legislation up to the 20-year-mark or did you just make that up yourself?
Oh come on now and be fair , they were just starting to like the CBO again.
How these people can waffle and waffle in their rational for everything and look thmselves in the mirror is beyond me.
again now we believe the CBO?
That they do not estimate speeches? Can you give me a reason not to believe that statement?
The actual point here , which you obviously missed, is that Obama does not have a deficit reduction plan.
Do.I need to go link you to a few.threads where people like you say the cbo only gets info handed to them so its not correct?
using the cbo to justify your hate and partisan shit is quite hacky. Either you believe them when the info is and.bad.or.you don't believe anything from them period.
That they do not estimate speeches? Can you give me a reason not to believe that statement?
The actual point here , which you obviously missed, is that Obama does not have a deficit reduction plan.
Do.I need to go link you to a few.threads where people like you say the cbo only gets info handed to them so its not correct?
using the cbo to justify your hate and partisan shit is quite hacky. Either you believe them when the info is and.bad.or.you don't believe anything from them period.
You're way off topic here. When questioned about Obama's reduction plan, the CBO said they do not estimate speeches..........because all Obama has done is make speeches and not offered a plan. How can the CBO offer an opinion on........nothing?
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
Huh? They included a rough estimate of its financial impact in the second decade in the original analysis. The law cuts the deficit substantially more in the second decade than it does in the first.
Effects of the Legislation Beyond the First 10 Years
Although CBO does not generally provide cost estimates beyond the 10-year budget projection period, certain Congressional rules require some information about the budgetary impact of legislation in subsequent decades, and many Members have requested CBOs analyses of the long-term budgetary impact of broad changes in the nations health care and health insurance systems. Therefore, CBO has developed a rough outlook for the decade following the 2010-2019 period by grouping the elements of the legislation into broad categories and (together with the staff of the Joint Committee on Taxation) assessing the rate at which the budgetary impact of each of those broad categories is likely to increase over time. Our analysis indicates that H.R. 3590, as passed by the Senate, would reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of gross domestic product (GDP). The imprecision of that calculation reflects the even greater degree of uncertainty that attends to it, compared with CBOs 10-year budget estimates.
Using that same analytic approach, the combined effect of enacting H.R. 3590 and the reconciliation bill would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range around one-half percent of GDP. The incremental effect of enacting the reconciliation bill (over and above the effect of enacting H.R. 3590 by itself) would thus be to further reduce federal budget deficits in that decade, with a total effect that is in a broad range between zero and one-quarter percent of GDP.
Now did you hear somewhere that the CBO didn't consider the impact of the legislation up to the 20-year-mark or did you just make that up yourself?
The CBO is non partisan. They work with what they are given.
Case in point: If they are told to calculate the economic effect of Obamacare over ten years and ten years only (during which time we collect 6 years of revenue and pay for 4 years of benefits) that is what they do. That is why they reported that Obamacare lowered the deficit. Ask them to extend the analysis to 15 years and you get a totally different picture...at 20 years- an economic disaster.
Huh? They included a rough estimate of its financial impact in the second decade in the original analysis. The law cuts the deficit substantially more in the second decade than it does in the first.
Effects of the Legislation Beyond the First 10 Years
Although CBO does not generally provide cost estimates beyond the 10-year budget projection period, certain Congressional rules require some information about the budgetary impact of legislation in subsequent decades, and many Members have requested CBOs analyses of the long-term budgetary impact of broad changes in the nations health care and health insurance systems. Therefore, CBO has developed a rough outlook for the decade following the 2010-2019 period by grouping the elements of the legislation into broad categories and (together with the staff of the Joint Committee on Taxation) assessing the rate at which the budgetary impact of each of those broad categories is likely to increase over time. Our analysis indicates that H.R. 3590, as passed by the Senate, would reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of gross domestic product (GDP). The imprecision of that calculation reflects the even greater degree of uncertainty that attends to it, compared with CBOs 10-year budget estimates.
Using that same analytic approach, the combined effect of enacting H.R. 3590 and the reconciliation bill would also be to reduce federal budget deficits over the ensuing decade relative to those projected under current lawwith a total effect during that decade that is in a broad range around one-half percent of GDP. The incremental effect of enacting the reconciliation bill (over and above the effect of enacting H.R. 3590 by itself) would thus be to further reduce federal budget deficits in that decade, with a total effect that is in a broad range between zero and one-quarter percent of GDP.
Now did you hear somewhere that the CBO didn't consider the impact of the legislation up to the 20-year-mark or did you just make that up yourself?
And these estimates are all moot now that the "glitch" which makes millions of middle class people eligible for Medicaid has been discovered.