Topic: 'Health Care' Spending Estimate DOUBLES ...
no photo
Wed 05/12/10 06:54 AM
Edited by Kings_Knight on Wed 05/12/10 06:55 AM
NOW the CBO tells us what we knew BEFORE 'DeathCare' was passed: It's gonna bankrupt our nation. 'Equality of misery' is never a good solution. If y' really want that, all ya really have to do is think back to when JIMmeh! Cahtah was 'president' and creating the fine example of shoddy and malignant incompetence 'The ONE' is following in his own exponentially magnified fashion. This should teach every one watching from the sidelines to never place trust in any estimate the CBO puts out ... ESPECIALLY the politicians who love to use 'em to 'justify' how 'little' their 'proposal' will cost us ... we got the game figured out, dudes - y'all can leave now. Just imagine how much we'd save if 'congress' was abolished.

~~~~~~~~~~~~~~~~~~~~~~~~~~~

http://news.blogs.cnn.com/2010/05/11/cbo-doubles-some-health-care-spending-estimates/

CBO doubles some health care spending estimates

May 11th, 2010 | 09:24 PM ET

The Congressional Budget Office has doubled the estimated increases of some costs resulting from the sweeping health care reform legislation passed this year.



A CBO report sent Tuesday to Rep. Jerry Lewis of California, the ranking Republican on the House Appropriations Committee, said the estimated rise in discretionary spending - which is spending requiring annual congressional authorization - over the first 10 years under the new legislation could exceed $115 billion.

On March 11, exactly two months earlier, the non-partisan CBO reported the estimated increase for discretionary spending could exceed $55 billion.

Douglas Elmendorf, the CBO director, said the latest report "updates and expands" on the previous report. He noted that assessing effects on discretionary spending was speculative because such appropriations require congressional action, and could be larger or smaller than initially anticipated.

The health care legislation was estimated by CBO to cost $940 billion over 10 years and reduce the federal deficit by $143 billion over the same period.

Increased costs in discretionary spending would not necessarily offset the estimated deficit reduction. Congress requires most discretionary spending to have available resources under so-called "pay to go" rules.

According to the CBO report, the estimated higher costs would come from increased administrative expenses for the Internal Revenue Service and Department of Health and Human Services, as well as grants and other programs contained in the health care bill.

willing2's photo
Wed 05/12/10 07:36 AM
drinker
And, how is this a surprise????slaphead

john_sickandtired's photo
Wed 05/12/10 08:27 AM
Kinda makes you wonder what else is in the bill aside from the health care part. I mean grants and other programs.....everyone is going to be apply for a grant for health care. I'm sure there are things in there that have NO link to health care.

As far as the increase on the health and human services part that is negotiable. Anytime you have such a large number of people to manage the costs for doing so will increase.

Course I wonder if that means that the IRS will start keeping a watchful eye out on taxes with the additional people that will have to be hired to deal with the health care.

Seakolony's photo
Wed 05/12/10 08:55 AM
All the way back to Jimmy Carter, huh? How about Delanor Roosevelt and the New Deal or Lyndon B Johnson and the determination that government should help the US. In all, actuality the "New Deal" was supposed to be a temporary fix to the economy and those hurt by WWII. It was never meant to be in place for eternity, but was later voted on to keep the Social Services for the vitally at risk population of the US. Can't blame Jimmy Carter for it because these issues started and were implemented way before his terms.

Dragoness's photo
Wed 05/12/10 09:48 AM
Op is not accurate anyway.

Need to do more research before you believe it.