CBO quietly drops forecast that Obamacare will cut the deficit

[Little-Acorn]

After literally years of the leftist fanatics screaming about CBO projections that Obamacare will lower the deficit (mostly by charging taxes in 2011 but not giving services until 2014)...

.....don't expect any news coverage of their recent admission that it was never true.

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http://finance.yahoo.com/news/cbo-quietly-drops-forecast-obamacare-180500918.html

CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit

by Eric Pianin
56 minutes ago

One of the Obama administration's major selling points in passing the Affordable Care Act in 2010 was a Congressional Budget Office forecast that the controversial legislation would reduce the deficit by more than $120 billion over the coming decade.

The CBO has consistently projected that President Obama's overhaul will reduce the deficit, and the agency estimated that the Republicans’ 2011 effort to repeal the legislation would increase deficits by $210 billion from 2010 to 2021.

In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that there is no longer a credible way to estimate the long-term effects on the deficit of all elements of the program taken together.

 

[healthmyths]

After literally years of the leftist fanatics screaming about CBO projections that Obamacare will lower the deficit (mostly by charging taxes in 2011 but not giving services until 2014)...

.....don't expect any news coverage of their recent admission that it was never true.

----------------------------------

http://finance.yahoo.com/news/cbo-quietly-drops-forecast-obamacare-180500918.html

CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit

by Eric Pianin
56 minutes ago

One of the Obama administration's major selling points in passing the Affordable Care Act in 2010 was a Congressional Budget Office forecast that the controversial legislation would reduce the deficit by more than $120 billion over the coming decade.

The CBO has consistently projected that President Obama's overhaul will reduce the deficit, and the agency estimated that the Republicans’ 2011 effort to repeal the legislation would increase deficits by $210 billion from 2010 to 2021.

In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that there is no longer a credible way to estimate the long-term effects on the deficit of all elements of the program taken together.

And the CBO has NOT taken in consideration of the $100 billion a YEAR in Federal taxes, in state taxes and local property taxes when the 1,300 insurance companies go out of business WHICH is exactly what Obama wants when he said:"I happen to be a proponent of a single payer universal health care program"
Obviously Obama prefers these companies go out of business and replaced by a single payer!

Of course he never mentioned the $100 billion in taxes and the 400,000 that will lose their jobs!

 

[g5000]

The very first willful lie Barack Obama told as President was the one he told about health care reform: "I will not sign a plan that adds one dime to our deficits -- either now or in the future. I will not sign it if it adds one dime to the deficit, now or in the future, period."

He really likes his periods, doesn't he?

 

[ScienceRocks]

Run on it and lose. Americans want our infrastructure, science and a strong regulated capitalist economy. Most of us understand the nature of the beast and sure don't want to go back to the early 20th century.

Americans don't like waste and dead beats, but don't expect the majority to be stupid enough to cut the shit out of research, science, infastructure, education. You'd have to be a effin idiot to do so!

Losertrianism is a loser. ANy real conservative use to laugh at you as we want a first world nation that invest in its own land. Do you think anyone on either side (even Goldwater) would of killed investment into tech and infrastructure in the 50's and 60's???? Don't make me fucking laugh! You're cave men!