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Subscribe to RSSA preliminary analysis by the Congressional Budget Office out this morning shows the Republicans' bill to repeal health care would add $230 billion to the federal deficit over the next 10 years.
The CBO is the independent agency that scores legislation.
Here's the language from the CBO's letter to Boehner:
"We expect that repealing that legislation would increase budget deficits. ... Consequently, over the 2012-2021 period, the effect of H.R. 2 on federal deficits as a result of changes in direct spending and revenues is likely to be an increase in the vicinity of $230 billion, plus or minus the effects of technical and economic changes to CBO's and JCT's projections for that period."
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Dang, and I just signed up for my Medicare and Medicare Part D. sheesh, now what.
Something I've screamed about for the better part of a year is kinda coming to fruition here. For a long time, the minority party (years ago it was the Dems, recently the GOP, and now both) would simply rail against the proposals of the minority without clearly laying out their alternatives. It's been a winning strategy for both sides in the last several years. In this case, it hurts the GOP. If the GOP had said, we plan to repeal it and replace it with a plan that does X-Y-Z, then the CBO most likely would have come back and said, the repeal would increase the deficit $x Billion, but the replacement proposals would decrease the deficit by $Y. Here, we only see the effects of one part because we haven't been specific in what we'd replace it with.
Also, I'm not sure any of these numbers should be treated as Gospel. In the full letter, the CBO goes to great lengths to espouse the inherent uncertainties within their estimates of the original bill and the repeal. There are certainly a ton of moving parts in play here.
Frank, I agree, that before the republicans talk about repeal to appease their base, they should have a replace in the works, however the replace part is a lot more complicated, especially in a party that is divided between those who believe in no replacement to those who would keep the most popular segments. So I doubt they will ever put forth a replacement for the current bill. As for the CBO, they do talk about the uncertainties but they also go on to say that those uncertainties were taken into consideration, and a more detailed analysis will be forth coming.
This country will be so much better once all the baby boomers are dead.
Really Chris, and why would that be.
My Moms a baby-boomer, my dad is short of that status by about 3 years. I keep asking them why their generation don't want cuts in their social security or medicare, but they demand lower taxes and large debts for my generation to pay off?
Seems to me that the Baby-boomers get their stockings stuffed with all the benefits, and my generation gets to foot the bill, greedy peices of @!$%#.
When the truth is not important to the people, when appeals to their biases, prejudices, emotional preferences and self-interests all;ow them to rationalize, be conned and to ignore the truth, then politics will degrade itself to what we have today. When objective and rational thought can't overcome arrogant and stubborn self-serving subterfuge, then the politicians will focus totally and irresponsibly on their political ambitions and on placating the 'big money' that allows them to and will just give the people the deceptive rhetoric they literally ask for. The blame has to be laid on the voters and their biased blindness.
this whole premise is a bunch of nonsense. this is like telling me if i don't go to the gas station and buy gas, gas will cost me more money. are you freaking kidding me???
Well Chris...I've sometimes felt that way about "the greatest generation" for my reasons...guess you have reasons too...
Republican rhetoric never matches their actions. When is the public going to catch up to this fact. They held the middle class tax cuts, START, DADT and the 911 responders hostage for their tax cuts for the rich. Now they want to add $200 Billion more to the deficit. When is their constituency going to wake up to their antics. I'm talking about the true conservatives that turn off all lights, live within their means, and only use their vehicle when absolutely necessary. Not these spendaholics in congress who are pretend conservatives.
Pure Capitalism is like Monopoly, there is only one winner...which is why we regulate business and have progressive taxation to provide infrastructure and education to the mases to hopefully improve their lot in life through education.
It appears that most Republicans don't want this outcome.
To balance the budget, it might be helpful to limit the subsidies that predominately go to the traditional "Red" states.
The South hasn't balanced a state budge with their own money since reconstruction.
Top TEN Socialist States:
State
Federal Spending per Dollar of Federal Taxes received
Rank
New Mexico
$2.03
1
Mississippi
$2.02
2
Alaska
$1.84
3
Louisiana
$1.78
4
West Virginia
$1.76
5
North Dakota
$1.68
6
Alabama
$1.66
7
South Dakota
$1.53
8
Kentucky
$1.51
9
Virginia
$1.51
10
taxfoundation.org
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