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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (42325)3/23/2010 2:43:00 PM
From: TimF  Read Replies (1) of 71588
 
Re: "adds a lot of federal spending."

(And reduces the federal deficit by well over one Trillion dollars in the second decade, over what it otherwise would have been, according to the C.B.O. analysis....)

According to the CBO's analysis which is gamed by the bill, and which is very limited in terms of analyzing such changes because it does not analyze changes in behavior as a result of the program. For example it doesn't add in increased tax avoidance and evasion, and suppressed economic activity, and distorted incentives, when analyzing the budget effect of tax increases.

And remember this is the CBO that always has estimated large federal government medical care programs incorrectly, and almost always greatly underestimated the cost.

But even if the CBO estimate could be assumed to be perfect, your point isn't relevant to mine. "Reduces the federal deficit" does not imply or strongly suggest "does not involve a large increase of federal spending" when your also adding taxes.

Since AT LEAST half, (or a bit more), of the program's federal revenue is simply being TRANSFERRED from the currently on-going federal subsidy for Medicare Advantage

Less than half.

And --- by any stretch of the imagination! --- it is SURELY much less deficit financed then President Bush's two biggest spending items: the Medicare part D entitlement and the twin foreign wars

No, it will likely add much more to the deficit than the combination of both those bush programs. The wars will end, and Medicare Part D is much smaller.
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