Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Donald Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (685)	9/5/2015 7:57:24 PM
From: Mongo2116	Read Replies (1) \| Respond to of 74619

WELL IF THAT RIGHT WING OBAMA HATER SAYS SO...IT MUST BE TRUE EH??

To: Qualified Opinion who wrote (685)	9/5/2015 8:00:10 PM
From: Mongo2116	Read Replies (2) \| Respond to of 74619

SEE I HAVE LINKS TOO :-) One Republican senator's claim that Obamacare would increase the deficit by trillions of dollars over the next 75 years is "dishonest," ThinkProgress points out in a new blog post. Sen. Jeff Sessions (R-Ala.) said at a Budget Committee hearing on Tuesday: "According to GAO [Government Accountability Office], under a realistic set of assumptions, the health care law will increase the deficit by...roughly $6.2 trillion over the next 75 years." But GAO spokesman Charles Young noted in a statement to The Huffington Post on Thursday that "we did not make such an estimate. There are number of different reasonable methods one could use that would result in a variety of different estimates. This is one such calculation." As ThinkProgress notes, what Sessions failed to point out is that this figure was based on a model a scenario that exists only in theory: That the government would phase out Obamacare's cost control mechanisms while maintaining the rest of the law. The report, which was released in January and commissioned by Sessions, found that if Obamacare is fully implemented, it would actually reduce the deficit. The deficit would only increase if the government phases out Obamacare's cost-containment mechanisms, the report found. You can read ThinkProgress's full post here. The Congressional Budget Office also found last year that Obamacare would reduce the deficit.