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"They came back with an urgent report," Ryan said on stage. "He thanked them, sent them on their way, and then did exactly nothing."
Originally posted by Deetermined
reply to post by Indigo5
So, tell me, how does that compare to the $1.49 TRILLION that the CBO says that Obamacare will cost between 2012-2021?
Once everything is factored in, CBO has estimated that the law would reduce the federal deficit by $210 billion over the 2012-2021 period
The CBO said this about the health care law back in 2010: It lowers the deficit, by about $124 billion over 10 years.
And in 2011, when Republicans offered a bill to repeal the health care law, the CBO said that increased the deficit, by about $210 billion over 10 years.
Originally posted by Deetermined
In the meanwhile, Obama just placed a tax on the poor and middle class who can't afford health care and is expanding the Medicaid program.
According to CBO, Obamacare is going to cost $1.49 - $1.7 TRILLION over the next ten years. Obama spends it all and then some.
The Estimated Net Cost of the Insurance Coverage Provisions Is Smaller Than Estimated in March 2011 CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012-2021 period-about $50 billion less than the agencies' March 2011 estimate for that 10-year period. (For comparison with previous estimates, these numbers cover the 2012-2021 period; estimates including 2022 can be found below.) The net costs--specifically the combined effects on federal revenues and mandatory spending--reflect:
Gross additional costs of $1.5 trillion for Medicaid, the Children's Health Insurance Program (CHIP), tax credits and other subsidies for the purchase of health insurance through the newly established exchanges and related costs, and tax credits for small employers, Offset in part by about $0.4 trillion in receipts from penalty payments, the new excise tax on high-premium insurance plans, and other budgetary effects (mostly increases in tax revenues).
In any case, Obama himself admitted that he's doing what Ryan says. In a November 2009 interview with ABC News, reporter Jake Tapper said to Obama that "one-third of the funding comes from cuts to Medicare," to which Obama's response was: "Right."
Originally posted by Deetermined
reply to post by Endorra
Seriously. You need to keep up with the news. Did you totally miss all the reports of the new "tax" instead of "penalties" being placed on people who don't purchase health insurance plans, based on Obamacare laws? I'm not sure how anyone could have missed that.
Here's what the CBO says. Since you don't want to know the truth, I'll post it for you:
The Estimated Net Cost of the Insurance Coverage Provisions Is Smaller Than Estimated in March 2011 CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of just under $1.1 trillion over the 2012-2021 period-about $50 billion less than the agencies' March 2011 estimate for that 10-year period. (For comparison with previous estimates, these numbers cover the 2012-2021 period; estimates including 2022 can be found below.) The net costs--specifically the combined effects on federal revenues and mandatory spending--reflect:
Gross additional costs of $1.5 trillion for Medicaid, the Children's Health Insurance Program (CHIP), tax credits and other subsidies for the purchase of health insurance through the newly established exchanges and related costs, and tax credits for small employers, Offset in part by about $0.4 trillion in receipts from penalty payments, the new excise tax on high-premium insurance plans, and other budgetary effects (mostly increases in tax revenues).
www.cbo.gov...
The CBO is just now lowering their projected cost estimate due to what they THINK is going to be brought in as revenue by the new "tax" to offset the cost. This still remains to be seen. That's why they are now saying $1.1 Trillion instead of $1.49 - $1.50 Trillion.edit on 31-8-2012 by Deetermined because: (no reason given)
Those amounts do not encompass all of the budgetary impacts of the ACA because that legislation has many other provisions, including some that will cause significant reductions in Medicare spending and others that will generate added tax revenues, relative to what would have occurred under prior law. CBO and JCT have previously estimated that the ACA will, on net, reduce budget deficits over the 2012–2021 period
Seriously...you need to stop BSing...again, you are talking about costs while pretending there are no revenues or savings.
Originally posted by Deetermined
Seriously...you need to understand that after ESTIMATED revenues and "FAKED savings" you have COSTS left over!
Originally posted by MrXYZ
Who got us into that crisis? BUSH!! You can blame Obama for not fixing it fast enough (be specific though!) but you can't blame him for creating the crisis.
Originally posted by MrXYZ
Ryan's speech was sooooo littered with lies it would be comical if it weren't so sad at the same time...
And then hot on the heals of Ryan, Romney promises to "create 12 million jobs in four years".
Unfortunately for Mitt, independant estimates have put the number of jobs to be created 2012 - 2016 in the United States at "11.8 million, no matter who's President".
Mitt isn't promising anything that isn't already predicted.
Originally posted by MrXYZ
reply to post by Deetermined
Yes...revenues are lower because we are in an ECONOMIC CRISIS
Who got us into that crisis? BUSH!! You can blame Obama for not fixing it fast enough (be specific though!) but you can't blame him for creating the crisis.
I'm greatly enjoying the RNC so far...the GOP is now the official "anti-facts" party
Ryan's speech was sooooo littered with lies it would be comical if it weren't so sad at the same time...
Originally posted by Deetermined
reply to post by Indigo5
Personally, I don't think anyone has a winning chance in hell of accomplishing anything of significance. I would just like to see someone slow down the bleeding!edit on 31-8-2012 by Deetermined because: (no reason given)