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

To: Tenchusatsu who wrote (557290)	3/27/2010 6:58:43 PM
From: RetiredNow	1 Recommendation Read Replies (3) \| Respond to of 1571455

OK. Let's talk about the CBO then. The CBO predicted that the Bush drug plan would cost $500B over the next ten years and they have been proven correct. Going forward over the next 10 years, the cost is estimated at $700B. So Bush's gift to us was an unfunded program adding directly to deficits that is costing us $70B per year. Over 20 years, the total program cost will have been $1.2 trillion adding directly to our debt. The CBO has been remarkably accurate at predicting these costs. Now that same CBO has estimated that this Democratic Health Bill will reduce deficits by $140B in the next 10 years and by $1.5+ trillion over the following 10 years. So total program cost over 20 years of the Democratic Health Bill is a REDUCTION of deficits by $1.6+ trillion. So you can call it accounting gimmicks because you want to defend the GOP's extremist reaction, but the last time a program of this size was passed, by Bush, the CBO was pretty accurate. So I'll give them the benefit of the doubt on this one as well.