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Thread: Obamacare adds $17 trillion in unfunded liabilities

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Navy Pride View Post
    It is so imperative that the SCOTUS throws Obamacare out..............It will bankrupt our country.....
    So the job of the Supreme Court is not to rule just on constitutionality? Where did you get that idea my left wing activist judge supporting friend?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Redress View Post
    So the job of the Supreme Court is not to rule just on constitutionality? Where did you get that idea my left wing activist judge supporting friend?
    Well, SCOTUS did order the EPA to run more tests beyond what Congress had mandated of them. What did that have to do with the Constitution?
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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Redress View Post
    When did Obama say that? The agreement was for 1 trillion over the first 10 years, which the program met. In fact this whole thing is a ****ing joke. Random republicans make claims about **** that might happen 75 years from now...somehow that just does not convince me. Really, projecting 10 years from now is painfully inaccurate, and this random republican claims he can predict 75 years from now?
    Except Obama misleadingly referred to the first 10 years after the PASSAGE of the bill and not the IMPLEMENTATION of the bill. In doing so, he could exclude 4 years of costs from the "cost" of the program and thus make it seem half as expensive as it really was.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Rhapsody1447 View Post
    Except Obama misleadingly referred to the first 10 years after the PASSAGE of the bill and not the IMPLEMENTATION of the bill. In doing so, he could exclude 4 years of costs from the "cost" of the program and thus make it seem half as expensive as it really was.
    So saying "10 years after passage" is misleading? No one claimed after implementation. The fact that it was not fully implemented for 10 years was something debated and discussed prior to the bills passage. And yet it is misleading....
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Kal'Stang View Post
    Well, SCOTUS did order the EPA to run more tests beyond what Congress had mandated of them. What did that have to do with the Constitution?
    What are you talking about and what does it have to do with what I said?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Redress View Post
    So saying "10 years after passage" is misleading? No one claimed after implementation. The fact that it was not fully implemented for 10 years was something debated and discussed prior to the bills passage. And yet it is misleading....
    It's misleading to describe the 6 year cost of a program as a 10 year cost.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Rhapsody1447 View Post
    It's misleading to describe the 6 year cost of a program as a 10 year cost.
    But it is not misleading to say that the cost of the program from now until 10 years is X. The cost was done in a completely aboveboard manner, with plenty of documentation.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Redress View Post
    But it is not misleading to say that the cost of the program from now until 10 years is X. The cost was done in a completely aboveboard manner, with plenty of documentation.
    Obviously the term misleading is highly subjective. My point is that when you make the announcement as follows, you are hardly being explicit:

    Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years -- less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by Rhapsody1447 View Post
    Obviously the term misleading is highly subjective. My point is that when you make the announcement as follows, you are hardly being explicit:
    His statement was factually correct. So what is the problem?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Obamacare adds $17 trillion in unfunded liabilities

    Quote Originally Posted by AdamT View Post
    AFAIK the fiscal impact of the bill is scored by CBO, which determined that it would would REDUCE deficits by something like $150 billion over 10 years.
    by counting more years of taxes than benefits and having a whole host of false assumptions, yes.

    you may want to read some more up-to date analysis : CBO: ObamaCare Price Tag Shifts from $940 Billion to $1.76 Trillion

    and that's just in the shift to 2012: $836 Billion added. Imagine when we hit 2014 and we are scoring a full actual 10 years of costs.
    Last edited by cpwill; 04-05-12 at 05:17 PM.

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