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A recent analysis by the nonpartisan Government Accountability Office (GAO) reveals that President Obama’s health care overhaul is likely to add $6.2 trillion to the deficit over the next 75 years.
It is just the latest report to contradict President Obama’s repeated claims that the Affordable Care Act, often referred to as “Obamacare,” will not add “one dime” to the deficit and is in fact the fiscally responsible decision.
After highlighting President Obama’s pledge that he would “not sign a plan that adds one dime to our deficits, either now or in the future. Period,” Sessions continued: “The GAO’s investigation reveals these claims to be false.”
“According to the GAO, with a realistic set of assumptions, the health care law will increase the deficit by seven tenths of 1% of GDP, or roughly $6.2 trillion over the next 75 years,” he said. “In other words, the GAO reveals that the big tax increases in the bill come nowhere close to covering the even more massive spending.”
the cost containment provisions in the law — the Independent Payment Advisory Board, excise tax on high-cost plans, and reductions in Medicare payments to providers — are “phased out over time” while the coverage provisions remain.
Who cares, they will just print the money out of thin air. I havent studied the Obamacare plan but if it gives more Americans the ability to go to a doctor when they are hurt or in pain then LAUNCH IT. Too many ppl are suffering going bankrupt, losing their homes etc because of the stupidity of the American establishment.
Originally posted by seeker1963
reply to post by WormwoodSquirm
Who cares, they will just print the money out of thin air. I havent studied the Obamacare plan but if it gives more Americans the ability to go to a doctor when they are hurt or in pain then LAUNCH IT. Too many ppl are suffering going bankrupt, losing their homes etc because of the stupidity of the American establishment.
And who is responsible for people suffering and going bankrupt and losing their homes???
Whoopsy! The same people who you think give a damn about you and your families health!!!!
If you want to just ignore one entire, key, portion of the law to see what it would cost. I guess you could do that. Saying that it's going to add to the deficit when it actually reduces the deficit as it stands is a flat out lie.
Private insurance companies and medicine for profit system. Those groups are powerful in the States and only act like they care.
When you have a national healthcare system in place the motivation is to heal you not to treat you forever and create massive bills that are ridiculous and out of reach to ordinary Americans.
Originally posted by seeker1963
reply to post by links234
If you want to just ignore one entire, key, portion of the law to see what it would cost. I guess you could do that. Saying that it's going to add to the deficit when it actually reduces the deficit as it stands is a flat out lie.
So you are debating this topic based upon a partisan website that is known to lie in the defense of their selected savior???
Okay, I hope you feel comfortable with trying to use lies to defend something that has already been proven as fraudulent and misleading!
Originally posted by dothedew
reply to post by WormwoodSquirm
Yes and no. It lowers the cost of health insurance, but at the same time makes it mandatory for many people who still cant afford it. Myself, for example, fall into the mandate, so even though i cant afford a car payment, a house, orsave any money for retirement, im forced into this "crapcare" or pay a fine. On top of taxes being raised, which another poster pointed out in another thread. This whole thing is a horrible idea built from lies and empty promises. Score 1 for the govt., people: 0
Originally posted by muse7
6.2 trillion over 75 years seems like a good deal to me!
How much have we spent the last 11 years fighting the war on terror?
Heck how much have we spent fighting wars the last 75 years?
Originally posted by WormwoodSquirm
Private insurance companies and medicine for profit system.
When you have a national healthcare system in place the motivation is to heal you not to treat you forever and create massive bills that are ridiculous and out of reach to ordinary Americans.