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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (27668)	3/20/2010 5:41:37 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

Re: "Kindly explain something to me... AND reduce the deficit at same time?" The non-partisan Congressional Budget Office concluded that the proposed legislation would reduce the deficit by $138 billion in its first decade and 0.5% of G.D.P., amounting to around $1.2 trillion, in its second decade. The C.B.O. analysis goes into much GREATER specific detail about exactly that, of course.... (so you should consult that analysis for the details of lowered costs, lowered corporate welfare expenses, etc., link at the bottom of this post.) But here I'll take just a few short swipes at the ball: As I already pointed out, the LARGEST CHUNK OF CHANGE in the legislation comes from eliminated the corporate welfare payments from Medicare Advantage insurance --- where the taxpayers have been sending a check directly from the US Treasury to these private for-profit insurance companies, so they can continue to 'live in the style to which they have become accustomed'. <g> Taxpayers have already paid out near $500 Billion in this corporate welfare... and are slated to pay-out well over a Trillion dollars in further corporate welfare over the next ten years unless someone puts a stop to it. (Those Trillions were President Bush's 'big wet kiss' to the Insurance Industry. While Medicare Part D --- also 100% unfunded and adding directly to the federal deficits --- was President Bush's 'big wet kiss' to the big Pharmaceutical Companies.) The United States is the only advanced nation without universal health care, and it also has by far the world’s highest health care costs... so there is plenty of room for cost-containment measures to make improvements still. Also... (small note but one that has been bandied-about some on the talk shows): In the CBO's analysis it clearly states (Table 1, page 6 of the report, footnote C below the table) that NO SOCIAL SECURITY REVENUES are included in any of the $53 billion in off-budget savings that they describe. Footnote 2 on page 2 also clearly states that the reconciliation act states, by law, that all social security gains must be transferred to the social security trust fund. But don't take my word for it, read the facts here: cbo.gov