According to the Former Director of the CBO~ If you strip out all the gimmicks and budgetary games and rework the calculus, a wholly different picture emerges:
The health care reform legislation would raise, not lower, federal deficits, by $562 billion.
Gimmick No. 1 : The bill front-loads revenues and backloads spending. That is, the taxes and fees it calls for are set to begin immediately, but its new subsidies would be deferred so that the first 10 years of revenue would be used to pay for only 6 years of spending.
Gimmick No2: To operate the new programs over the first 10 years, future Congresses would need to vote for $114 billion in additional annual spending. But this so-called discretionary spending is excluded from the Congressional Budget Office’s tabulation.
Answer by grlygrlz2 at 12:29 PM on Mar. 21, 2010
In addition to this accounting sleight of hand, the legislation would blithely rob Peter to pay Paul. For example, it would use $53 billion in anticipated higher Social Security taxes to offset health care spending. Social Security revenues are expected to rise as employers shift from paying for health insurance to paying higher wages. But if workers have higher wages, they will also qualify for increased Social Security benefits when they retire. So the extra money raised from payroll taxes is already spoken for. (Indeed, it is unlikely to be enough to keep Social Security solvent.) It cannot be used for lowering the deficit.
Answer by grlygrlz2 at 12:30 PM on Mar. 21, 2010
Answer by grlygrlz2 at 12:31 PM on Mar. 21, 2010
They wont answer this grly...as I just pointed out in another Q (the one calling all people at tea parties racist) they only respond to the blatantly sensational. These question that provide facts and direct links to the actual bill get completely IGNORED every time! Its a shame and I truly hope these women do not show the majority of the left.....I was giving them more credit than this......
Answer by momof030404 at 12:36 PM on Mar. 21, 2010
Answer by grlygrlz2 at 12:36 PM on Mar. 21, 2010
Answer by grlygrlz2 at 12:37 PM on Mar. 21, 2010
Answer by Anonymous at 1:05 PM on Mar. 21, 2010
Answer by grlygrlz2 at 1:08 PM on Mar. 21, 2010
Answer by Anonymous at 1:25 PM on Mar. 21, 2010
Maybe that's what went on when they started Social Security too?
You do know SS is broke? Medicaid as well. They are hemoraghing money.. Our generation may not even get to draw SS. Our kids thus far is a big no. How is this good for the nation? What happens when we continue to have increasing numbers of LESS revenue (research IRS over the last 20 years) vs overall government expense. It's simple economics. Why don't you get it? Is it because you are thinking with emotion? Don't have time to be bothered with the logic of how this gets paid for? Or how it impacts our childrens future?
Answer by grlygrlz2 at 1:31 PM on Mar. 21, 2010
Next question overall
Do you think is this a good profile pic for facebook