To: Tenchusatsu who wrote (846315 ) 3/31/2015 8:50:03 AM From: Alighieri Read Replies (1) | Respond to LOL Al, ObamaCare is still running a deficit of $1.2 trillion over 10 years ($1.7 trillion in costs, $500 billion in revenue). That's straight out of the CBO report which you linked to. 1.2T deficit and only $500B in revenue? But wait! The CBO claimed that ObamaCare would actually reduce the deficit! Well, not anymore: thefiscaltimes.com In response to the request for an estimate of the net impact on the deficit of the ACA, the following points are important: Based on revisions to the estimated budgetary effects of aspects of the ACA that CBO and JCT have analyzed, the agencies have no reason to think that their initial assessment that the ACA would reduce budget deficits was incorrect. However, the incremental budgetary effects of many provisions of the ACA are embedded in CBO’s baseline projections for preexisting programs and tax revenues, and they cannot be separately identified using the agencies’ normal estimating procedures—which are generally based on data that reflect all of the provisions of current law, including the ACA. A retrospective analysis of the effects of a current law is very different from a cost estimate for proposed legislation, particularly because it requires formulation of a counterfactual benchmark representing what would have happened if the law had not been enacted—a challenging undertaking that is beyond the scope of CBO’s usual analyses. Therefore, CBO and JCT cannot readily provide a retrospective analysis of the ACA that is analogous to the cost estimate provided by the agencies in 2010. That problem is not unique to the ACA but is common to most legislation that affects preexisting federal programs. cbo.gov Where have you been living man? This topic that have been covered an nauseatum here and in the press... Al
