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


To: tejek who wrote (663803)7/25/2012 1:27:30 AM
From: i-node1 Recommendation  Read Replies (2) | Respond to of 1574333
 
>> The nonpartisan Congressional Budget Office

If the CBO were nonpartisan there would be no difference between the attitudes of Douglas Holtz-Eaken and Elmendorf.

It is TOTALLY partisan.


“The Congressional Budget Office reported today that the Affordable Care Act imposes a $1 trillion tax increase and continues to raid Medicare by over $700 billion to fuel a new $1.7 trillion open-ended entitlement, while doing nothing to reduce the backbreaking health care costs for families and businesses," House Budget Committee Chairman Paul Ryan (R-Wis.) said in a statement.

“This law was built with smoke and mirrors to hide the impact of the trillions of dollars of new entitlement spending," he said.



Anyone who would ignore Ryan, arguably one of the few honest brokers when it comes to budget matters, is asking for it. There is not one health care plan in HISTORY that CBO estimates came out even in the ballpark for.



To: tejek who wrote (663803)7/25/2012 2:26:22 AM
From: Tenchusatsu1 Recommendation  Read Replies (1) | Respond to of 1574333
 
Ted,
CBO: Repealing health reform increases deficit by $109 billion over ten years
Fixed.

Simple math will show that if you take the average per year, the projected reduction in the deficit will be $10.9 billion per year, which is less than 1% of the current deficit.

How is this projected adjustment of 1% even reliable when the CBO can't even predict next year's deficit within a 10% margin of error?

Tenchusatsu