What the Budget Office states about repealing the ACA

[nat4900]

I know, I know, my right wing friends....The Huffington Post is something you'd never read; nonetheless......try it !!.

Obamacare Repeal Would Swell The Deficit Even Using GOP's New Math, Budget Office Says

http://www.huffingtonpost.com/2015/06/19/obamacare-repeal-deficit_n_7622578.html

 

[TemplarKormac]

Perhaps you should stop citing the HuffPo. The growth would cut the total budget cap by at least half

With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy.

Striking down Obamacare, as the federal insurance program is called, would increase the nation's budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers.

The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which produced the report the staff of the Joint Committee on Taxation (JCT).

Over the longer term, that widening gap would be partially offset by faster economic growth. The agencies estimate that repealing the ACA would boost gross domestic product by about 0.7 percent over the 2021-2025 period. That is because Obamacare allowed many people to quit their jobs. Eliminating the program would force many of them to return to work in order to get health insurance. As a result, increased economic output would cut federal deficits by $216 billion over the 2016-2025 period.

CBO Repealing ObamaCare would cost 137 billion - CBS News

Compared to the $7.6 trillion Obama has racked up in his 7 years in office, $137 billion over 10 years is pretty minuscule. Whereas Obama has spent roughly $1.08 trillion a year during his term as president.

 

[rightwinger]

Perhaps you should stop citing the HuffPo. The growth would cut the total budget cap by at least half

With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy.

Striking down Obamacare, as the federal insurance program is called, would increase the nation's budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers.

The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which produced the report the staff of the Joint Committee on Taxation (JCT).

Over the longer term, that widening gap would be partially offset by faster economic growth. The agencies estimate that repealing the ACA would boost gross domestic product by about 0.7 percent over the 2021-2025 period. That is because Obamacare allowed many people to quit their jobs. Eliminating the program would force many of them to return to work in order to get health insurance. As a result, increased economic output would cut federal deficits by $216 billion over the 2016-2025 period.

CBO Repealing ObamaCare would cost 137 billion - CBS News

Compared to the $7.6 trillion Obama has racked up in his 7 years in office, $137 billion over 10 years is pretty minuscule. Whereas Obama has spent roughly $1.08 trillion a year during his term as president.

$7.6 Trillion?

Do you know that 82.3% of Internet statistics are made up on the spot?