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Thread: Supreme Court Upholds Obama Health Care Subsidies[W:700]

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by minnie616 View Post
    If the assumptions are wrong it would be because lawmakers repeal some of the revenue neutral funding.
    Exactly but the point remains these are projections based upon assumptions not actual reality thus cannot be passed of as factual savings from ACA but rather projections. People did the same thing with Clinton's so called surplus, they took CBO Projections as fact and ignored actual reality. CBO projections did not include the recession the Country had in March 2001 and no one projected 9/11. Clinton left the Country with an additional debt of 5.7 trillion or up 1.6 trillion in 8 years. Projections are nothing more than an honest attempt to predict the future and the future is unpredictable.

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by Conservative View Post
    ... People did the same thing with Clinton's so called surplus, they took CBO Projections as fact and ignored actual reality. ....
    Actually ,President CW Bush taking the Clinton Surplus and using it tax cuts from a Feb. 2001 CBS article.
    President Bush said Saturday that the most important number in the budget he sends to Congress next week is the $5.6 trillion surplus it projects over the next 10 years.

    That huge projected surplus provides the underpinning of all the administration's tax-cut and spending plans,
    Mr. Bush said in his recorded weekly radio address.

    "A surplus in tax revenue, after all, means that taxpayers have been overcharged," the president said. "And usually when you've been overcharged, you expect to get something back." The surplus figure "counts more than any other" in the budget, he said.

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    There you go again projections!!!! there WAS NO SURPLUS

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by Conservative View Post
    There you go again projections!!!! there WAS NO SURPLUS
    President GW Bush said there was a surplus so he spent it on tax cuts.

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    It was a projected surplus and tax cuts have nothing to do with spending

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by minnie616 View Post
    President GW Bush said there was a surplus so he spent it on tax cuts.
    It really is concerned to me that so many people have been indoctrinated into believing that tax cuts are an expense to the govt. and that it is the Government's money first. To believe that one has to believe that their spending or saving of that additional money in their paychecks doesn't benefit economic growth and job creation.

    The Bush tax cuts were fully implemented in 2003 and if you check the economy growth from 2004-2007 you will find some incredibly good numbers including job creation. Much of that was lost when the housing bubble burst but Bush generated 4.5 trillion GDP growth with his tax cuts and economic policies and that includes the disaster in 2008

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Problem is when president G W Bush cut taxes he counted on more revenue being generated from all the people businesses would hire when they got tax breaks. That revenue was never forthcoming and his tax cuts were NOT
    deficit neutral.
    The tax cuts raised the deficit.

    Bush Deficits:
    2007 $ 161 billion
    2008 $ 459 billion
    2009 $1,413 billion

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by minnie616 View Post
    Problem is when president G W Bush cut taxes he counted on more revenue being generated from all the people businesses would hire when they got tax breaks. That revenue was never forthcoming and his tax cuts were NOT deficit neutral. The tax cuts raised the deficit. Bush Deficits: 2007 $ 161 billion 2008 $ 459 billion 2009 $1,413 billion
    Bush took office with the debt at 5.7 trillion and left it at 10.6 trillion or a 4.9 trillion increase Debt to the Penny (Daily History Search Application) Obama inherited that debt of which 350 billion was due to TARP Loans which were repaid in 2009 but recycled thus not repaid to the Treasure. In addition 9/11 cost the Treasury 1 trillion dollars according to GAO. That means of the 4.9 trillion Bush generated, it was actually 3.6 trillion Obama also signed the 2009 budget in March knowing that people like you would blame Bush. The debt today is 18.2 trillion. Let's see if you can do the math to see how much Obama generated?


    By the way the tax cuts were fully implemented in July 2003

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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by Conservative View Post
    Do you realize that CBO only gives PREDICTIONS based upon the assumptions they are given? If the assumptions are wrong what does that do to the predictions?
    We're at a point where we can start comparing their projections of yesteryear to actual reality.

    Take exchange subsidy spending this year (FY15). Five years ago in their much-touted price tag for the ACA, the CBO projected they would cost $45 billion this year:



    We're now 75% of the way through the fiscal year (just 3 months left to go) and spending on exchange subsidies so far has been...$18 billion.


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    Re: Supreme Court Upholds Obama Health Care Subsidies[W:700]

    Quote Originally Posted by Greenbeard View Post
    We're at a point where we can start comparing their projections of yesteryear to actual reality.

    Take exchange subsidy spending this year (FY15). Five years ago in their much-touted price tag for the ACA, the CBO projected they would cost $45 billion this year:



    We're now 75% of the way through the fiscal year (just 3 months left to go) and spending on exchange subsidies so far has been...$18 billion.

    Do you realize that subsidies come out of tax revenue and thus are a reduction in revenue the govt. but subsidies are an expense? So what you have done is reduce healthcare expenses and reduced the amount of revenue to the govt. thus increased the debt?

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