[Report Abuse]
[Login to Blog] Funkentelecky's Blog
Obamacare and the CBO -- No Longer 'Giddy'
SFC USA, (RET)
Last comment by sebekm 3 months, 3 weeks ago.

Take Me To Post Comment Form

How critical to the passage of Obamacare was the 2010 “score” given the legislation by the Congressional Budget Office?
Recall the President’s signature legislation barely passed, and squeaked by along party lines -- without a single Republican vote. Before the vote, congressional Democrats waited for the non-partisan Congressional Budget Office to “score” the legislation. How much, per the CBO, will Obamacare cost? Will Obamacare, as President Barack Obama promised, truly reduce the deficit, the gap between what the government takes in and what it spends?
After all, in December, 2009 -- months before the legislation’s passage -- Obama assured us, “I made clear from day one that I would not sign a health insurance reform bill if it raised the deficit by one dime -- and neither the House, nor the Senate bill does.” Nervous “conservative Democrats” vowed, as did Obama, to oppose any expansion of healthcare coverage if it added to the deficit, which, in turn, would add to the national debt, then at $11.9 trillion.
Thus, some on-the-fence Democrats told constituents that their vote depended upon the crucial CBO “score.”
Well, not to worry, in 2010 the CBO delivered the very good news Democrats hoped for. In the first 10 years, Obamacare, according to the CBO, more than delivers on its promises. The Hill, on March 19, 2010 wrote: “Democrats hailed a Congressional Budget Office score Thursday that said their healthcare bill would trim the deficit by $138 billion.” The news, according to the CBO, gets even better in the second decade. The Hill said, “It will reduce the deficit by $1.2 trillion in the second decade of the plan’s implementation.”
The cheers were heard across the aisle, over the Potomac and ‘round the world.
Then-House Majority Whip James Clyburn, D-S.C., said, “We’re absolutely giddy over the great news we have gotten from CBO.” Then-House Majority Leader Steny Hoyer, D-Md., said: “We think the numbers are now pretty well set from CBO. We think it will post the largest deficit reduction of any bill that we’ve adopted in the Congress since 1993.” Obama said, “That makes this the most significant effort to reduce the deficit since the Balanced Budget Act of the 1990s.”
Because of the CBO’s “great news,” several Democrats either got off the fence or switched on Obamacare from a “no” vote to a “yes.” Rep. Mark Schauer, D-Mich., for example, said: “I needed to see the bill and the Congressional Budget Office score. The bill fundamentally does what I hoped it would.” Another House Democrat relieved by the CBO score was Rep. Bart Gordon, D-Tenn., who said: “I have consistently said I would not support any version of health care reform unless it brings down rising health care costs, improves access to affordable care and does it all without adding one nickel to the national deficit. I’ve now been presented with a bill that does all three.”
But four years later, the CBO now says it can no longer stand by its 2010 projections. Roll Call, the publication that covers Congress, writes: “In its latest report on the law, the Congressional Budget Office said it is no longer possible to assess the overall fiscal impact of the law. That conclusion came as a surprise to some fiscal experts in Washington and is drawing concern. And without a clear picture of the law’s overall financing, it could make it politically easier to continue delaying pieces of it, including revenue raisers, because any resulting cost increases might be hidden.”
What?!
Again, how important was the 2010 CBO “score,” delivered on the eve of the Obamacare vote? Vital. Critical. Indispensible. Roll Call reminds us, “For Democratic lawmakers who were hesitant to sign onto the sweeping 2010 healthcare law, one of the most powerful selling points [emphasis added] was that the Affordable Care Act would actually reduce the federal budget deficit, despite the additional costs of extending health insurance coverage to the uninsured.”
To the pile of broken Obamacare promises, we now add another. It is not true if you like you doctor you can keep your doctor. It is not true that if you like your plan you can keep your plan. It will not save the average household $2,500. It will not bend the cost curve down. And now we know that Obamacare cannot promise, as advertised, to shrink the deficit.
So about Obamacare, Rep. Clyburn can now stop feeling “giddy.” Most Americans never were.

http://www.larryelder.com/b/Obamacare-and-the-CBO----No-Longer-Giddy/904070425992779758.html


Latest Activity: Jun 29, 2014 at 12:30 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by Funkentelecky
Send Funkentelecky a Message
Report Abuse


Blog has been viewed (190) times.

Funkentelecky commented on Sunday, Jun 29, 2014 at 16:26 PM

This law is a disaster to the middle class. The middle class fell within the 85% of Americans that already had healthcare. Some lost their coverage this year and were forced into the exchanges. What's gonna happen next when the employer mandate kicks in next year. Why did the Democrats blow up the building to fix a leak in the roof? The 1.5M with pre-existing conditions could have been taking care through legislation without blowing up the building. The needs of the many outweigh the needs of the few or the one. Therefore the Democrats should have left the 85% of us who were satisfied with our healthcare alone and concentrated on legislating for the rest.

sebekm commented on Wednesday, Jul 02, 2014 at 13:19 PM

ObamaCare has been pushed out of the headlines by the IRS, VA, and the rest of "The Obama Scandals" - but it is still percolating in the background and is doing the work for Republicans in the upcoming election cycle. As pointed out in this article:

http://dailysignal.com/2014/06/24/oba...

"Obamacare Exchanges Are ‘Disappointing’ With Fewer Than 4 Million Newly Insured. The Government Hoped for 26 Million."

Read this article. It is a sobering expose' on what's really going on with ObamaCare. And the truth is NOTHING like what was sold by the President and his cohorts when the bill was being shoveled to the American people.


Log In to post comments.

Previous blog entries by Funkentelecky
 
Petition to Dr. Benjamin Carson
September 05, 2014
Dear Dr. Carson, You said that if the American people were still "clamoring" for you to run for president you would seriously consider doing so. We'll, I'm clamoring for you to run for President of the United States. We need a citizen statesman to lead our nation, not just politicians ...
Read More »
 
Winning the Race:Beyond crisis in Black America
August 28, 2014
John Mcwhorter is a Senior fellow with the Manhattan Institute, philosopher with extensive knowledge and experiences with black culture. In this video he explains the main problems that are stagnating Black Americans. What he has learned and will articulate is identical to what I've been presenting; however he is much ...
Read More »
 
Let's Change Our Ways (Black People)
August 15, 2014
When a Police Officer gives you a directive like "move over to the sidewalk" it is your duty as a citizen to move over to the sidewalk, their authority must be respected and adhered to. If Michael Brown and his friend had adhered to that directive, a precious life would ...
Read More »
 
755 Hank Aaron Drive
July 01, 2014
It's my birthday and I treated myself to see my favorite Baseball team live and in color. Where am I?
Read More »
 
Darius Foster, Smacks Down Racebaiters
June 29, 2014
Darius Foster is a conservative Republican running for a seat in the Alabama House of Representatives in the November 2014 elections. He is a small business owner, a native of Birmingham and he is black man who will not be “put in a box” of stereotypes. In fact, Foster just ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology