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Thread: CBO Numbers [have just come out]

  1. #91
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by RightinNYC View Post
    Why don't you link me to something showing that Medicare Part D added a trillion to the deficit? My numbers, directly from the CBO, indicate that the cost for the first 10 years of benefits is $549.2b, just $15b higher than the original projection.

    http://www.cms.hhs.gov/ReportsTrustF...ads/tr2009.pdf

    Page 126.
    "Projected net expenditures from 2009 through 2018 are estimated to be $727.3 billion."

    2009 ANNUAL REPORT OF THE BOARDS OF TRUSTEES OF THE FEDERAL HOSPITAL INSURANCE AND FEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUNDS, Table III.C19.—Operations of the Part D Account in the SMI Trust Fund (Cash Basis) during Calendar Years 2004-2018, Page 120 (Page 126 in pdf) http://www.cms.hhs.gov/ReportsTrustF...ads/tr2009.pdf
    Medicare Part D - Wikipedia, the free encyclopedia

    "2001 tax cut - "$1.35 trillion tax cut program — one of the largest in U.S. history."

    "(CBO) has estimated that extending the 2001 and 2003 tax cuts (which are scheduled to expire in 2010) would cost the U.S. Treasury nearly $1.8 trillion in the following decade, dramatically increasing federal deficits"

    Economic policy of the George W. Bush administration - Wikipedia, the free encyclopedia


    How about you read the CBO letter and quote me the language saying it will save $1.2T over the second decade. (Of course, that all assumes that the excise tax, premium reductions, and doctor fixes will be untouched. Do you really think that's going to happen?
    "Over the 2010–2019 period, the net cost of the coverage expansions wouldbe more than offset by the combination of other spending changes, which CBO estimates would save $426 billion, and receipts resulting from the
    income tax surcharge on high-income individuals and other provisions,
    which JCT and CBO estimate would increase federal revenues by
    $572 billion over that period."

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    That totals $998 billion in deficit reduction right there.
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  2. #92
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by Catawba View Post
    "Projected net expenditures from 2009 through 2018 are estimated to be $727.3 billion."
    Even setting aside the fact that $727b =/= $1T, can you think of a reason why the projections for expenditures from 2009-2018 are entirely non-responsive to the claim that the program, which was passed in 2003, cost $549b over the first 10 years of expenditures?

    "Over the 20102019 period, the net cost of the coverage expansions wouldbe more than offset by the combination of other spending changes, which CBO estimates would save $426 billion, and receipts resulting from the
    income tax surcharge on high-income individuals and other provisions,
    which JCT and CBO estimate would increase federal revenues by
    $572 billion over that period."

    Powered by Google Docs

    That totals $998 billion in deficit reduction right there.
    I asked you for evidence from this letter showing that the current bill will result in savings of $1.2T over the second decade.

    You responded with a quote from an October 2009 letter analyzing a different bill and discussing spending in the program's first decade.

    ...
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  3. #93
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    Re: CBO Numbers [have just come out]

    he's never before seen a net negative in the rcp avg poll of polls

    RealClearPolitics - Election Other - President Obama Job Approval

    the deem is gonna kill him, just wait

    the deem is NOT normal politics

    (and see what happens when junior learns he's suddenly illegal cuz he's uncovered...)

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    Re: CBO Numbers [have just come out]

    Power Line has some interesting observations about a letter sent by the Democratic Party to spokesmen throughout the party to counter the CBO message. ENd result? Do not talk about the details.

    Power Line - "Do Not Allow Yourself to Get Into a Discussion of the Details"

    Here are the photocopies:

    http://www.powerlineblog.com/archive...emsMemop12.php

    http://www.powerlineblog.com/archive...DemMemop22.php

    My favorite is the "doc fix" whereby fee reductions in Medicare are not addressed in the Healthcare Bill allowing them to claim it as a reduction, but the CBO analysis notes that this has happened in the past and they have always stopped it from happening with a "doc fix" bill otherwise many doctors would leave the Medicare program as rates dropped. They will address this as a separate piece of legislation.

    The Democrats are counting this as savings. What bull****!
    Last edited by reefedjib; 03-19-10 at 10:09 PM.

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by reefedjib View Post
    Power Line has some interesting observations about a letter sent by the Democratic Party to spokesmen throughout the party to counter the CBO message. ENd result? Do not talk about the details.

    Power Line - "Do Not Allow Yourself to Get Into a Discussion of the Details"

    Here are the photocopies:

    http://www.powerlineblog.com/archive...emsMemop12.php

    http://www.powerlineblog.com/archive...DemMemop22.php

    My favorite is the "doc fix" whereby fee reductions in Medicare are not addressed in the Healthcare Bill allowing them to claim it as a reduction, but the CBO analysis notes that this has happened in the past and they have always stopped it from happening with a "doc fix" bill otherwise many doctors would leave the Medicare program as rates dropped. They will address this as a separate piece of legislation.

    The Democrats are counting this as savings. What bull****!
    The dems are claiming that they didn't author that memo, and politico has pulled it until they can verify the authenticity.

    http://www.debatepolitics.com/breaki...post1058628930
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by RightinNYC View Post
    The dems are claiming that they didn't author that memo, and politico has pulled it until they can verify the authenticity.

    http://www.debatepolitics.com/breaki...post1058628930
    Okay, the memo is being denied and is in question. Thanks for pointing this out.

    Does that change the facts around the $370 billion "doc fix" being left out of the healthcare plan, to be passed as separate legislation later?

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by reefedjib View Post
    Okay, the memo is being denied and is in question. Thanks for pointing this out.

    Does that change the facts around the $370 billion "doc fix" being left out of the healthcare plan, to be passed as separate legislation later?
    Of course not:
    Q: Madam Speaker, on the Medicare question, the so-called doctor fix, can you speak to why that was not included in this legislation?

    Speaker Pelosi. Well, we have been including it in legislation for a long time, because it's not about a doctor fix, it's about our seniors or anyone who relies upon Medicare to have access to physicians, that they be in their region and in their program.

    So this is again, you call it the doctor fix, but it is really about access to health care for Americans. It's not in this bill, but we will have it soon. And we have made a commitment to do this. This is very important.
    More on The Doc Fix Mystery Noted Below | Talking Points Memo
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by RightinNYC View Post
    Why would they leave it out?

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by reefedjib View Post
    Why would they leave it out?
    Don't get me wrong - I think that the substance of that memo accurately reflects the Dems mindset. I just don't know about its origins.
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  10. #100
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by reefedjib View Post
    Why would they leave it out?
    Cost... it cuts into the CBO numbers I expect - so, it's better to DEEM without it, then add it on later.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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