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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (45360)8/30/2010 12:29:29 PM
From: TimF  Read Replies (1) of 71588
 
Unfortunately for the GOP, though, nonpartisan experts tend to disagree. Just this Tuesday, for example, the CBO released a letter ( cbo.gov ) saying that Obama's health-care-reform legislation would "reduce the projected budget deficit by $30 billion over the next 10 years,” while repealing the law would generate "an increase in deficits ... of $455 billion ... over that [same] period."

That doesn't make a lot of sense. If the law reduces the deficit by $30bil, then repealing it should increase the deficit by $30bil.

But the reality is that its very unlikely to even save that $30bil. They move provisions that are unlikely to happen, in to the bill, if they raise taxes or reduce spending according to CBO estimates, while at the same time moving government changes that will increase spending in to different bills (see the "Doc Fix". It counts the reduction in subsidies for employee drug coverage (and that's reasonable since it in direct terms is a real reduction in spending), but it doesn't count the cost for government coverage for those that the employer's drop when the costs go up (which was the reason for the subsidy in the first place).

Then we have the fact that the CBO has never scored a major new government health care program correct. Usually it vastly underestimates the costs, one time it overestimated the cost, but never has it gotten it right.

And then you have the point that even the claims of budgetary savings are not real savings, they are extra spending that is supposed to be more than compensated from higher taxes. That's not saving anything, that's more big government.
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