Barack Obama pitches the Senate health care bill as the greatest deficit reduction plan in decades. Democratic Congressman parrot those words in announcing their support for the bill. Neither Obama nor the Democratic Congressmen are so stupid as to believe their own words.
The numbers are phony, and they know it. Obamacare is the equivalent of a Three Card Monte game, and the Democrats have turned the CBO into the witting dealer:
Read on. It gets worse.Democrats have so thoroughly gamed the budget process and the Congressional Budget Office’s scoring rules that the official cost estimates of the Obama health plan reveal but a sliver of the legislation’s full cost. The Obama plan would vastly increase the size and scope of the federal government, and increase our already record federal deficit.
To hear Democrats tell it, the CBO projects the legislation would cost a mere $940 billion over the next 10 years. The CBO said no such thing: that figure pertains only to provisions aimed at expanding health insurance. Other spending provisions bring the cost to $1.2 trillion.
Then there’s the additional $208 billion that Democrats plan to spend on physicians who participate in Medicare. Democrats moved that into a separate bill to reduce the apparent cost of the main health care bill. Including that spending in the estimate completely wipes out the Obama plan’s professed $138 billion of deficit reduction. After correcting for that gimmick (and accounting for how the two measures would interact), the CBO estimates really indicate that the Obama plan would increase federal deficits by $59 billion over the next 10 years.
Even worse, Democrats hid another $1.5 trillion by preventing the CBO from scoring the legislation’s hidden taxes. At present, when Congress takes money from workers and gives it to private insurers, the CBO counts that as a tax. The Obama plan’s "individual mandate” would force workers to give money directly to private insurers, which the president’s economic advisers admit is also a tax. If history is any guide, those hidden taxes would cost roughly $1.5 trillion – but you won’t find any such estimate in the CBO’s score.
Years from now, when the devastating effects of this delusion are felt, were will you be able to say you stood?
I'll always be able to say that I stood for fiscal sanity, one of the voices screaming out against the mass delusion and deception.
Unlike the 216 Democrats in the House of Representatives.
Update 3-21-2010: From an op-ed in the NY Times by the former Director of the CBO:
In reality, if you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges: The health care reform legislation would raise, not lower, federal deficits, by $562 billion.--------------------------------------------
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ReplyDeleteThat is what is needed. A new Declaraction of the people, so our leaders know what we stand for and how much were willing to fight through all political means.
Never one bullet. Always one more debate.
Excellent information!! I especially liked Rep. Paul Ryan's breakdown of the REAL costs of this debacle that he outlined on Mark Levin's radio show the other night. It is easily over $2Trillion dollars MORE that their bogus $940Billion they were crowing about this week.
ReplyDeleteI pray and hope that Pelosi does not have the 216, that the protesters today made an impact on those who have been "undecided." But, then again, this is Pelosi's House we're talking about.... I pray and hope for this bill to die - ALL DEAD, not just "mostly dead" as it has been since last year. Thank you, Professor, for "preachin' it!"
Kill! The! Bill!
Watching the Democrats ramble on CSpan right now, and CBO estimates not withstanding, the entire list of lies simply turns my stomach. Are all Democrats so stupid that they expect us to believe all the phony promises?
ReplyDeleteHow about the "largest middle-class tax cut in history" the Democrats claim is in this bill? A family of four earning $50,000 will get a $5800 tax credit - for the forced purchase of that qualifying insurance policy, of course.
This bill will pay for itself! Waste, fraud, and abuse will pay for half. Funny that we never found the need or desire to eliminate half a trillion dollars worth of waste, fraud and abuse until now.
Even better than "paid for", this bill reduces the deficit by $138 billion over the next ten years! The CBO estimates yearly deficits of approximately $1 trillion over the next decade. Adding another $940 billion for ObamaCare seems like an awfully silly way to save $138 billion.
I thought the whole issue of health care reform was because of the impending collapse of our existing entitlement programs. I'm curious. If existing government-run programs have been mismanaged to the point of insolvency, how could the solution possibly be more government?
Here's to keeping hope that somehow this abomination will not become law on Sunday.
I refuse to get negative about this mess. It has been time to clean government's clock for several decades, at the very least. Vote them in and out on a very regular basis. One or two terms, then out. They don't care about us personally anymore than we care about them personally.
ReplyDeleteIt's like an oil change for your vehicle...works better.