Some republicans feel that defaulting won't be that bad

Started 9 months ago | Discussions thread
Chato
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Romney Care REDUCES the deficit
In reply to rb59020, 9 months ago

rb59020 wrote:

PolitiFact

"The Congressional Budget Office, the nonpartisan analytical arm of Congress, has calculated the gross cost of Obamacare’s coverage provisions at approximately $1.8 trillion over the same 10-year period. These costs include spending on increased payments for Medicaid and the Children’s Health Insurance Program, subsidies for insurance purchased on the newly created marketplaces, and tax credits for small businesses. (The CBO figure would be $1.2 trillion if you exclude Medicaid and CHIP on the theory that they’re expansions of existing entitlements, rather than new entitlements.)"

I don't believe these numbers either, but probably not for the same reason no doubt. I think they are way to low. How many Federal entitlement programs actually cost less than advertised?

In 2010 when the law was shoved down are throats the est. was $928 billion .

Your link refers to how much Romney Care Costs, not how much it loses. The program is self funding and the relevant question is not how much it costs, but does it increase the deficit. It's like saying that Social Security adds to the deficit because it's going to cost 11 trillion dollars for the same period.

In fact Romney care reduced the deficit.

FACTS: In May, 2013 the Congressional Budget Office wrote House Budget Committee Chairman Paul Ryan, R-Wis, stating, that it and the Joint Committee on Taxation “most recently estimated the budgetary impact of repealing the [Affordable Care Act] in July 2012. In a letter to Speaker Boehner (sent on July 24, 2012), CBO described the direct spending and revenue effects of H.R. 6079, the Repeal of Obamacare Act, as passed by the House of Representatives earlier in July. In that letter, CBO indicated that the net savings from eliminating the insurance coverage provisions of the ACA would be more than offset by the combination of other spending increases and revenue reductions that repeal of the ACA would entail. On balance, CBO and JCT estimated, repealing the ACA would affect direct spending and revenues in ways resulting in a net increase in budget deficits of $109 billion over the 2013-2022 period.”

The ACA law as written requires a lot of money to be shelled out over the next 10 years - $1.4 trillion. But it also raises tax revenue and the hope is that it will help cut health care costs.
As a result, the Congressional Budget Office estimates that the law as a whole would reduce deficits.
Fact checking

This is a deliberate mistating of the facts on your part by selectively editing your own link. I think you should be ashamed of yourself...

Dave

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"Everyone who has ever lived, has lived in Modern Times"

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