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Politics : American Presidential Politics and foreign affairs

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To: longnshort who wrote (38821)	11/20/2009 6:36:15 PM
From: DuckTapeSunroof	Read Replies (3) of 71588

How so? See: WASHINGTON — Congressional budget crunchers Thursday said the Democrats' latest health care plan would hold down federal red ink for at least a 20-year stretch, an assessment that boosted the bill's advocates as the Senate moved gingerly toward a historic debate. The nonpartisan Congressional Budget Office said that Majority Leader Harry Reid's 10-year, $848-billion bill would produce a net reduction of $130 billion in federal deficits in its first decade. Perhaps more significantly, the legislation would continue to give back over the next 10 years and beyond, the budget umpires said, because "added revenues and costs savings would probably be greater" than the cost of covering uninsured Americans. The budget office put a big asterisk on its forecast, using words like "imprecision" and "uncertainty" to describe the long-range projection. It noted that, overall, health care spending remains on an unsustainable path. However, the bill would not make matters any worse, and maybe even a little better.... Message 26114093

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