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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (38796)11/20/2009 7:20:44 PM
From: TimF  Read Replies (1) of 71588
 
Congressional budget crunchers Thursday said the Democrats' latest health care plan would hold down federal red ink for at least a 20-year stretch

Start taxes early, start spending later, then add in cuts that you know are going to be canceled later on, and otherwise structure the program to score well with the CBO without actually containing costs and sure you can get a projection that it cuts the deficit.

But in reality it will increase the deficit.

Beyond that the impact on the deficit is hardly the only point to consider. The real point is its cost. If it adds trillions of new taxes (over the 20 year period), that is a minus not a plus. It doesn't undo the harm of the extra spending.

Also estimates of the costs of new federal programs have typically been low. Often around half the real cost, and the difference is typically even greater when your talking about federal medical programs.
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