Sen. Sessions – ObamaCare adds $17 trillion, or 1.9% of GDP, to nation’s unfunded lia

[Stephanie]

links in article at site

SNIP:

posted at 4:45 pm on April 1, 2012 by Steve Eggleston






On Thursday, Sen. Jeff Sessions (R-AL), the ranking member of the Senate Budget Committee, stated on the Senate floor that not only will ObamaCare cost $2.6 trillion in its first 10 years of full implementation, but that it will add $17 trillion to the nation’s long-term unfunded liabilities.



Before I continue, I do have to explain the concept of “present value”. Except for the $2.6 trillion 10-year value, the list of figures Sen. Sessions gives are in that concept. It is one of a few common measures of long-term finances, specifically one designed to measure what is required today to avoid (excepting earned interest, which in this case appears to be assumed to be roughly 3.25%) any future draw on financing over, in the case of the federal government’s usage of the term, the next 75 years. Usually when it is invoked by the federal government, the value of legislated, but unfunded, claims on general-fund revenue, such as those contained in the Hospital Insurance “Trust Fund” and legislated mandates to fully-fund Medicare Parts B and D regardless of whether their dedicated funding sources are sufficient, are not included in that calculation. However, the Medicare Trustees include that, as well as the $2.5 trillion in Social Security “Trust Funds”, in their unfunded liability calculations from the “budget perspective”, and on the health-care side, so did Sen. Sessions.

Quoting from the video above:


all of it here with comments
Sen. Sessions – ObamaCare adds $17 trillion, or 1.9% of GDP, to nation’s unfunded liabilities « Hot Air

 

[starcraftzzz]

Typical of republicans to only report half the data. Obamacare reduces the deficit by trillions of dollars over the long term and lowers total health costs, but dont let relatiy get int he way of republcian ignroance

 

[Luddly Neddite]

This has been covered so many times. Why do the pubs keep repeating stuff they KNOW is not true? Oh yeah, because rw's are so damned gullible.

 

[Jackson]

This has been covered so many times. Why do the pubs keep repeating stuff they KNOW is not true? Oh yeah, because rw's are so damned gullible.

And you are so credible. Sorry. My bad.

 

[Katzndogz]

There's only one way to reduce health care costs. Reduce health care.

http://www.nytimes.com/2012/04/04/h...routine-tests.html?_r=3&partner=MYWAY&ei=5065

Doctors call for end to five cancer tests, treatments - Yahoo! News

 

[Staidhup]

So what else is new.Think of it this way "it's only money and we can tax everyone that works to pay for it" simple core liberal belief until there isn't anyone left to tax! Interesting how those liberal fucks still can't believe free costs someone money, however, they do know it won't come off the sweat that runs down their backs!

 

[Katzndogz]

So what else is new.Think of it this way "it's only money and we can tax everyone that works to pay for it" simple core liberal belief until there isn't anyone left to tax! Interesting how those liberal fucks still can't believe free costs someone money, however, they do know it won't come off the sweat that runs down their backs!

Socialism works until you run out of other people's money.

 

[starcraftzzz]

There's only one way to reduce health care costs. Reduce health care.

http://www.nytimes.com/2012/04/04/h...routine-tests.html?_r=3&partner=MYWAY&ei=5065

Doctors call for end to five cancer tests, treatments - Yahoo! News

Only people who know nothing about health care think the only way yo cut costs is to reduce health care.
Expanding Medicare or the VA to the whole population would cut spending by near 700billion a year just because govnermtn run health care is that much more efficient.
Not to mention billions will be saved due to Obama proving funding for computerized records, the list goes on for a long time

 

[starcraftzzz]

So what else is new.Think of it this way "it's only money and we can tax everyone that works to pay for it" simple core liberal belief until there isn't anyone left to tax! Interesting how those liberal fucks still can't believe free costs someone money, however, they do know it won't come off the sweat that runs down their backs!

Thanks for proving that you are a dumbass