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Official Sources Agree: The Affordable Care Act Reduces the Deficit

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posted on Apr, 10 2012 @ 02:57 PM
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Official Sources Agree: The Affordable Care Act Reduces the Deficit
Jeanne Lambrew
April 09, 2012
10:49 PM EDT
The White House website


In response to a report that claims that the national deficit will rise because of ObamaCare, The White House Blog has an article claiming just the opposite !!


Today, we are reading about another brand of “new math” in describing how the Affordable Care Act will affect our nation’s Federal budget deficit. In another attempt to refight the battles of the past, one former Bush Administration official is wrongly claiming that some of the savings in the Affordable Care Act are “double-counted” and that the law actually increases the deficit. This claim is false.
... oops!


According to the official Administration and Congressional scorekeepers, the Affordable Care Act will reduce the deficit: its costs are more than fully paid for. The Office of Management and Budget and Congressional Budget Office project lower Federal budget deficits as a result of the law. The Congressional Budget Office is charged with assessing how legislation would affect the deficit. When the health care bill was passed by Congress, CBO wrote:

“CBO and JCT estimate that enacting both pieces of legislation—H.R. 3590 and the reconciliation proposal—would produce a net reduction in federal deficits of $143 billion over the 2010–2019 period as result of changes in direct spending and revenues.”

When Congressional Republicans sought to repeal the law, CBO found that eliminating the law would increase the deficit. CBO wrote:

“The effect of H.R. 2 on federal deficits as a result of changes in direct spending and revenues is likely to be an increase in the vicinity of $230 billion, plus or minus the effects of technical and economic changes to CBO’s and JCT’s projections for that period.”
... oops!


After all, Obama himself "promised" this:

President Obama promised in 2009 that he would not sign a health care plan that “adds one dime to” to federal deficit, but a new study being criticized by the White House says that's exactly what ObamaCare will do.

[color=cyan]“I will not sign a plan that adds one dime to our deficits -- either now or in the future,” the president said at a joint session of Congress. “I will not sign it if it adds one dime to the deficit, now or in the future, period.

New study shows ObamaCare increases deficit, knocking down president's vow
.... "PERIOD" !!



"Official" estimates or "Unofficial" estimates ...

Who do we believe ?? Who's accountants and lawyers are smarter ??

The whole deal sounds like malarkey !!




Related Thread: Health-care law will add $340 billion to deficit, new study finds




posted on Apr, 10 2012 @ 03:10 PM
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Just a wrinkle to add to the discussion.


“CBO and JCT estimate that enacting both pieces of legislation—H.R. 3590 and the reconciliation proposal—would produce a net reduction in federal deficits of $143 billion over the 2010–2019 period as result of changes in direct spending and revenues.”


Both pieces of legislation must be passed... (logically "as they are" not riddled with changes we are surely going to see) AND over 9 years....we can expect our deficit (now tabulated by the treasury as 15.6 trillion) to drop by one one hundredth of a percent.

At that rate this is going to be a long recovery....



posted on Apr, 10 2012 @ 03:12 PM
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These figures were probably put together by a company associated with SCYTL who is going to county the 2012 votes. Just so happens they are an Obama contributor and are associated with George Soros. So, who could argue with those numbers?.

Meanwhile, the Death Panels will roll.
(Sarah, where are ya when we need yee?)
edit on 10-4-2012 by Nite_wing because: (no reason given)



posted on Apr, 10 2012 @ 03:17 PM
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Someone could show me data that the "Affordable Care Act" would bring forth fuzzy bunnies and baby kittens and unicorns and cure genital herpies. . . . . . . . . .

But it would still be unconstitutional.

So I'm still not buying it.



posted on Apr, 10 2012 @ 04:52 PM
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The CBO is non-partisan.

The only sources that say it will increase the deficet are Right Wing authors with agenda..

AND even the conservative Forbes Magazine found the BS offensive to anyone who took HS Math..

Anti-Obamacare Forces Introduce Their Latest Effort To Mislead The Public
www.forbes.com...



posted on Apr, 11 2012 @ 12:14 AM
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Now a Medicare trustee say ObamaCare will increase the deficit by $530 Billion.

They can't make up their minds here.

I'm not convinced that anybody knows what they're talking about.

ObamaCare is a boondoggle.

But I bet they already know how much they can steal



President Obama’s health care legislation, contrary to promises made by proponents, will add up to $530 billion to federal deficits and boost government spending by at least $1.15 trillion over the next decade, according to a report authored by the GOP trustee for Medicare and Social Security on behalf of the Mercatus Center.
Medicare Trustee: Obamacare Will Increase Spending by Over $1 Trillion, Add $530 Billion in Deficits



The whole ObamaCare fiasco thing is based on "estimates" -- that is very dangerous.



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