President Barack Obama misrepresented the House Republicans’ budget plan at times and exaggerated its impact on U.S. residents during an April 13 speech on deficit reduction.
Obama claimed the Republicans’ "Path to Prosperity" plan would cause "up to 50 million Americans … to lose their health insurance.” But that worst-case figure is based in part on speculation and assumptions.
He said the GOP plan would replace Medicare with "a voucher program that leaves seniors at the mercy of the insurance industry." That’s an exaggeration. Nothing would change for those 55 and older. Those younger would get federal subsidies to buy private insurance from a Medicare exchange set up by the government.
He said "poor children," "children with autism" and "kids with disabilities" would be left "to fend for themselves." That, too, is an exaggeration. The GOP says states would have "freedom and flexibility to tailor a Medicaid program that fits the needs of their unique populations." It doesn’t bar states from covering those children.
He repeated a deceptive talking point that the new health care law will reduce the deficit by $1 trillion. That’s the Democrats’ own estimate over a 20-year period. The Congressional Budget Office pegged the deficit savings at $210 billion over 10 years and warned that estimates beyond a decade are "more and more uncertain."
He falsely claimed that making the Bush tax cuts permanent would give away "$1 trillion worth of tax cuts for every millionaire and billionaire." That figure — which is actually $807 billion over 10 years — refers to tax cuts for individuals earning more than $200,000 and couples earning more than $250,000, not just millionaires and billionaires.
He said the tax burden on the wealthy is the lowest it has been in 50 years. But the most recent nonpartisan congressional analysis showed that the average federal tax rate for high-income taxpayers was lower in 1986.
Answer by Anonymous at 5:52 PM on Apr. 19, 2011 (hidden) + expand
Answer by tltthompson at 5:59 PM on Apr. 19, 2011
I know. People such as yourself are not intelligent enough to discuss such issues. I will post an abortion or PA or gay rights question just for you. Comment by Carpy (original poster) 4 minutes ago
I heard a thought yesterday being presented by an economist discussing the 2 budgets. He said that there is a false sense that the wealthy have the funds to fix the problems with the economy if they would just give more If the gov't seized all of the money and assets of the wealthy of this country, the gov't couldn't pay the US debt with it.
Answer by jesse123456 at 6:07 PM on Apr. 19, 2011
Answer by ShelbyShareAlot at 6:08 PM on Apr. 19, 2011
Answer by LoriKeet at 6:27 PM on Apr. 19, 2011
I think we need to throw softballs at them. Obama. Boxers or Briefs??
Please don't do that. I really don't want to think about that man in his underwear. I'd rather have nightmares about the budget crisis than nightmares about him and his underwear.
Answer by May-20 at 6:50 PM on Apr. 19, 2011
Next question overall
(Diet & Fitness)
How to loose? The stomach, the love handles and add some butt?...lol