House Speaker John Boehner took issue with preliminary analysis from the Congressional Budget Office which found that repealing Obamacare “would add about $230 billion to the federal deficit over the next ten years“:
“I do not believe that repealing the job killing health care law will increase the deficit,” Boehner told reporters Thursday. “The CBO is entitled to their opinion, but they’re locked into the constraints of the 1974 Budget Act. …If you believed that repealing Obamacare is going to raise the deficit, then you would have to have some way to offset that spending. But I don’t think anybody in this town believes that repealing Obamacare is going to increase the deficit.”
Recall that the CBO used gimmicks to score the bill as a cost-cutting measure when later studies found the Democrats’ overhaul would do exactly the opposite.
That is why we commend Majority Leader Eric Cantor for his H.R. 2, the simple measure to repeal the unpopular and lengthy legislation. Now, former House Speaker Newt Gingrich’s American Solutions has launched a web-site providing tips on how individuals can help repeal Obamacare, including a petition advocating repeal.
Just to remind The Stupid, to create the fiction that ObamaCare did not add to the deficit, the CBO was forced to incorporate several nonsensical propositions:
– Leaving out the roughly $115 billion in discretionary spending needed to implement the bill,
– Counting the $70 billion in premiums for long-term care insurance (CLASS Act), but ignoring the unsustainable CLASS Act spending that starts after the first 10 years,
– Using over $50 billion in higher Social Security taxes to offset health spending,
– Leaving out entirely the cost of paying Medicare doctors,
– Pretending that over $450 billion in payment cuts to Medicare providers will be possible without changing in any real way the operation of Medicare,
– And planning to collect a tax on cadillac health insurance that the unions have already gutted and will not tolerate.
All of this was a fiction, and the Defenders of ObamaCare know it, though they pretend not to because they’re liars.
i could care less if it did drive up the debt. this is a scare tactic. repeal it on unconstitutional grounds. that is the one and only important reason to do it.
Just for shits and giggles, Rep Paul Ryan should ask the CBO to score Obamacare again… but this time, instead of pulling a stunt like the Democrats did by withholding many of the correct numbers, Ryan I’m sure will make sure he gives the CBO the real figures. That way we’d see without a doubt, how there will be an additional $700 Billion added to the deficit if Obamacare is not repealed…….. But ya know, when all is said and done… who amongst us really thinks you can add an additional 30 million people to the federal dole and not end up having it cost us more than initially projected????? That is, other than Pelosi, Reid or Obama.
Dan, signed the petition and have forwarded to others.
The Republicans should keep stabbing the ObamaCare beast until it bleeds to death from a thousand cuts; in the meantime, the Democrats will fall into the monster’s shadow & will not be able to get out as they defend the thing. The Republicans are wise to attack ObamaCare on all fronts. This will be a constant issue for the next 2 years…
The worst part of Obamacare as far as I’m concerned is the individual mandate, which candidate Obama claimed to be against. The federal government has no constitutional authority to force Americans to buy anything, not even a thimble. But the Obamaites don’t give a you-know-what about the Constitution, just witness their outrage over the reading of the document in the House.
I would absolutely, positively accept those scoring numbers from the CBO.
And then follow up by finding that additional $230 billion in budget cuts necessary to “pay for” eliminating the “money saving” ObamaCare program.
Imagine the transfer payments we could zero out along with the ObamaCare repeal.
Speaking as a small business owner, the prospect of tracking and issuing W-1099’s for ALL my vendors, suppliers and the gas stations where I buy my “business travel expense” gasoline is frightening…plus the added “mandatory expense” of post-tax-dollar health insurance…**shudder**
And no-way as I ever going to consider employees in-the-mix. I’ll turn away work rather than open that can-of-worms, it’s bad enough here in NJ just having all the business and workmans-comp issues triggered by your “first employee”. Add to that MANDATORY HEALTH INSURANCE at astronomical and non-competitive rates under ObamaCare and why am I even in business?? There just isn’t a sufficient jump in cash-flow and productivity of the additional employee to cover all the non-direct-payroll expenses….get twice as much work done (maybe), but the overhead triples or quadruples. Instead of making more profit (actual spendable personal income), it just drives me back into the red. The total-cost to productivity (profit) ratios just don’t work.
This is what happens when you have non-valued-added legal and academic-types making economic policy.
Levi and his fellow dumbasses would say that you’re in business to provide jobs to whomever won’t take unemployment welfare and provide cash flow for the statist federal government.
Recall that the CBO used gimmicks to score the bill as a cost-cutting measure when later studies found the Democrats’ overhaul would do exactly the opposite.
The CBO didn’t use gimmicks. In addition to V the K’s data, recall that the CBO not only must use the figures given them by the Congress, the CBO must use the underlying assumptions–growth rates, interest rates, inflation rates, participation rates, etc–given them by the Congress to run the numbers for the out years. The Progressives in Congress can do third grade arithmetic as well as the CBO accountants can; it was easy for the former to adjust the assumptions to get the required answer when they let the CBO pull the crank on the official adding machine.
Eric Hines
A financial advisor recently mailed information regarding the 2011 and behond tax implications. Buried in the Obamacare mess is a 3.8% “surtax” on investment results for 2013 and beyond. One of hundreds if not thousands of nasty little bombs in that awful piece of legislation. Let’s have THAT mess read aloud on the floor of the House.
Re: #8
You took the words right out of my mouth, Ted.
The CBO numbers should be taken with a speck of lint. The fact the MSM is trying to puff up the CBO numbers shows their desperation. Notice, the ObamaCare debate has not gone away; likewise, with the Obama White cronies trying to defend, ObamaCare will be more of an issue than ever before. The Obama Democrats are tempting fate.