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Thread: CBO deals another blow to House health plan

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    CBO deals another blow to House health plan

    CBO deals another blow to House health plan - Patrick O'Connor - POLITICO.com

    The nonpartisan Congressional Budget Office dealt another blow to House Democrats on Friday night, saying their health care bill would increase the federal deficit by $239 billion over the next 10 years.

    The projected shortfall means Democrats would need to find additional revenue or make deeper cuts to existing programs in order to meet their goal of paying for the $1 trillion bill.
    That's pretty bad, but it's nowhere near as disturbing as this next part:

    But those projections don't account for a $245 billion reduction in the deficit this legislation would create, if Democrats can also approve new balanced budget rules that would permanently address an annual shortfall in Medicare payments to physicians.
    What are those rules, you say?

    But the biggest change would come from the enactment of new accounting rules — something CBO still can't account for because those new rules haven't become law.

    In the bill, Democrats provide $245 billion to eliminate an annual shortfall in payments to doctors under Medicare. Democrats resolved this annual headache, in large part, to win crucial support for the bill from the American Medical Association. That money currently counts against the overall costs of the bill, but Democrats have introduced legislation that would remove remove this obligation from federal deficit. However, CBO won't recognize that change until those new pay-as-you-go rules become law.
    Read that, and then read it again.

    Right now, the bill will create a deficit of $239 billion dollars. However, the Democrats are trying to pass legislation that would change the accounting rules so as to exempt this particular $245 billion cost from the bill. Why would they do that? So that they can say this bill is revenue-neutral.

    That's some of the most blatant budgetary manipulation I can think of. Keep that in mind when you see the articles next week proclaiming that the House bill will not add to the deficit at all.
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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by RightinNYC View Post
    That's some of the most blatant budgetary manipulation I can think of. Keep that in mind when you see the articles next week proclaiming that the House bill will not add to the deficit at all.
    Debt to the Penny (Daily History Search Application)

    Total Public Debt Outstanding: 11,598,417,943,168.15

    Until this figure stops increasing, everything Congress does adds to the deficit. That is and should be the only criterion for determining what is and is not "deficit spending."

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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by RightinNYC View Post
    CBO deals another blow to House health plan - Patrick O'Connor - POLITICO.com

    Right now, the bill will create a deficit of $239 billion dollars. However, the Democrats are trying to pass legislation that would change the accounting rules so as to exempt this particular $245 billion cost from the bill. Why would they do that? So that they can say this bill is revenue-neutral.

    That's some of the most blatant budgetary manipulation I can think of. Keep that in mind when you see the articles next week proclaiming that the House bill will not add to the deficit at all.
    Who is surprised by this?

    They can't play by the rules, so they change them.
    Which party is the most corrupt, I've forgotten now.
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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by Harry Guerrilla View Post
    Who is surprised by this?

    They can't play by the rules, so they change them.
    Which party is the most corrupt, I've forgotten now.
    The one in power, just like always

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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by Harry Guerrilla View Post
    Which party is the most corrupt, I've forgotten now.
    Hell, that's easy.

    It's the one in power. Always.

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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by Harry Guerrilla View Post
    Which party is the most corrupt, I've forgotten now.
    As always, the one in power.

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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by Harry Guerrilla View Post
    Which party is the most corrupt, I've forgotten now.
    The one in- er... Nevermind.

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    Re: CBO deals another blow to House health plan

    Quote Originally Posted by Metternich View Post
    The one in- er... Nevermind.
    Yeah, I think it was meant to be one of those rhetorical type questions.

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    Re: CBO deals another blow to House health plan

    The one in power.

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    Re: CBO deals another blow to House health plan

    OK, let's get some perspective on this. It will increase the budget deficit by $239 billion over the course of 10 years. That's $24 billion per year...which is slightly more than we spend on NASA and slightly less than we spend on the Department of Agriculture.

    Pocket change.
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