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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (530700)	11/19/2009 1:52:40 PM
From: i-node	2 Recommendations Read Replies (1) \| Respond to of 1574005

>> The CBO has scored the Senate bill and has said it will reduce the deficits by $128B over 10 years. Do you realize that the Senate bill has been structured such that revenue provisions start immediately and expense provisions start halfway through the 10 year period? A tactic designed specifically to make the legislation look half as expensive as it actually is? I'm not quite sure how you could (a) have the background in economics you claim, (b) be paying attention, and (c) not have noticed this fact. Something is wrong with the picture that you wouldn't recognize this gimmick. >> Now we can choose to not believe the CBO While it is true the CBO has never been right on one of these bills yet, the fact is they try very hard. But when Congress hands them bills that are designed to get around the CBO's required scoring process, there is not a damned thing CBO can do but score it.

To: RetiredNow who wrote (530700)	11/19/2009 3:07:12 PM
From: longnshort	1 Recommendation Respond to of 1574005

that's if they cut medicare by 500 million( or billion) and you know that won't happen, they would be voted out of office.Even liberal Lindsey Graham said that won't happen, he said a few years ago they try to cut it by like 57 million and it got 13 votes

To: RetiredNow who wrote (530700)	11/20/2009 5:27:56 AM
From: Joe NYC	1 Recommendation Respond to of 1574005

However, just to state a data point. The CBO has scored the Senate bill and has said it will reduce the deficits by $128B over 10 years. Then, i take it you believe in fairytales, and don't mind smoke and mirrors. The smoke and mirrors are taking out $200B "gift" to doctors, taking it back in 2011. Meaning $200B of current cost has been taking out of the bill. The $200B will still be spent, but under separate legislation. It is taxing 10 years, spending 6. The fairytale is that there will be a 23% cut in rate paid to doctors in 2011. (after the $200B has run out). It is fairytale that they can reduce the growth of spending to 2%, after trying and failing to do the same for 40 years... But the CBO is the best thing we have to an unbiased opinion, versus yours which is clearly biased and vacant of any detailed analysis of the bill. CBO is given the smoke and mirrors + fairytales as inputs. They produce and output based on these inputs. Technically, they (CBO) may be right on their process. But if garbage went in, garbage came out.