Posted by
Defend America on Thursday, November 19, 2009 12:59:06 PM
Subject: CBO Made Easy [Rich Lowry]
A memo from McConnell’s office to the media:
The report CBO
provided late last night has some interesting information. For example:
The cost curve goes UP
— “Under the legislation, federal outlays for health care would increase during the 2010–2019 period, as would the federal budgetary commitment to health care.” (page 6)
Deficit reduction?
— While Democrats
will point to $127 billion in possible deficit reduction, that is made
possible in part by delaying the benefits until the fifth year of the
10-year budget window. And even then, the $127 billion is LESS than the
deficit that was already spent in October of this year. In other words,
any possible savings over 10 years of this bill are already erased by the deficit spending of last month alone.
— And remember, CBO
predicts that the 2019 deficit will be $722 billion. So their projected
deficit reduction, as uncertain as it is, over the second 10 years
won’t erase even the 10th year’s deficit.
Delayed costs
— To make costs appear smaller, major provisions of the plan are pushed back an additional year—to 2014
“Starting in 2014, the legislation would…” (page 4)
Government plan would have higher premiums
http://corner.nationalreview.com/post/?q=NjQwNWRmZTUzYzkwZDIyM2IwNWY0NTFhYmJjZmE2Njc=