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The real price Tag for ObamaCare?

The underreported news is the new spending that will continue to increase well beyond the 10-year period that CBO examines, and that this blowout will overwhelm even the House Democrats’ huge tax increases, Medicare spending cuts and other “pay fors.”
In a July 26 letter, CBO director Douglas Elmendorf notes that the net costs of new spending will increase at more than 8% per year between 2019 and 2029, while new revenue would only grow at about 5%. “In sum,” he writes, “relative to current law, the proposal would probably generate substantial increases in federal budget deficits during the decade beyond the current 10-year budget window.”

Answer Question
 
grlygrlz2

Asked by grlygrlz2 at 8:28 AM on Aug. 6, 2009 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (24)
  • The House bill has changed somewhat in the meantime, but not enough to alter these numbers much
    http://online.wsj.com/article/SB10001424052970203609204574314622075560890.html#mod=rss_opinion_main
    grlygrlz2

    Answer by grlygrlz2 at 8:28 AM on Aug. 6, 2009

  • yeah grly, but by then all of those who voted for this bill will not likely still be in public office (as in November 2010!)--so they really could care less--especially since they will continue to receive the premium private government plan they are all entitled too!
    LoriKeet

    Answer by LoriKeet at 8:30 AM on Aug. 6, 2009

  • True, Lori.... It's a sad state of affairs when people are ok to allow the government to control various aspects of their lives.
    grlygrlz2

    Answer by grlygrlz2 at 8:32 AM on Aug. 6, 2009

  • Well, DUH Just look at what we have now. Medicare is 100 times more expensive now than it was expected to be when implemented. They would have limit your medical care more and more and add taxes on YOU, the middle class to keep their costs from going up. the government doesn't care about your costs unless they are trying to get reelected. Face it, inflation, new medical discoveries and medicines, frivolous lawsuits (which are not addressed) and good old innovation will make costs rise every year. Just like everything else in this world. Please, sooner or later this will be funded on the backs of the middle class.
    itsmesteph11

    Answer by itsmesteph11 at 9:27 AM on Aug. 6, 2009

  • Did you see this? I love the "Penny guy!"


     


    http://www.youtube.com/watch?v=YFV5Tx4LxBM


     


    I think this guy is going to need a bigger table to be able to continue to illustrate his point! LOL

    LoriKeet

    Answer by LoriKeet at 9:31 AM on Aug. 6, 2009

  • Just found this one...Penny guy is branching out to Legos to illustrate his point about ObamaCare! LOL


    http://www.youtube.com/watch?v=AqD-nMpsYAY&feature=related

    LoriKeet

    Answer by LoriKeet at 9:39 AM on Aug. 6, 2009

  • I saw that report this morning. I don't think we have any idea what this program will cost. I don't think the proponents care. All the WH cares about is making sure the entitlement program is passed. What irks me is the fact that the American people have begun shouting the fact they don't want this to pass and a lions share of our representatives are not listening. Maybe we should stop calling them representatives and start calling them "the ruling class"!

    jesse123456

    Answer by jesse123456 at 9:48 AM on Aug. 6, 2009

  • LOL Lori, that is AWESOME!!!!!
    grlygrlz2

    Answer by grlygrlz2 at 10:06 AM on Aug. 6, 2009

  • Of course it is going to cost more. When you push something that quickly, there is no way to figure out all the outcomes, both negative and positive. The government's way to solve problems is to throw more money at it, so when the problems come (nothing is problem-free) the cost will balloon.
    mancosmomma

    Answer by mancosmomma at 10:07 AM on Aug. 6, 2009

  • The people who are for this crap don't care what it costs. They have backaches someone else should be paying for.
    lovinangels

    Answer by lovinangels at 10:22 AM on Aug. 6, 2009

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