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Thread: CBO Numbers [have just come out]

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by justabubba View Post
    those congressional gifts to banking (using federal funds to make student loans) and the insurance (no negotiation payments) industries are being rescinded ... at least in part

    see, it is about change
    So the theory is that those were simply tens of billions being handed out in exchange for absolutely no benefit? If that's the case, then why were those things enacted in the first place?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: CBO Numbers [have just come out]

    Also, it's worth noting that the new health care bill includes all of the savings from the student loan proposal. What was projected to be approximately $90b in savings just a few months ago turns out to be $19.8b in savings. Oops.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: CBO Numbers [have just come out]

    [QUOTE=lizzie;1058626438]Being that I don't believe anything I hear from about 90% of politicians, I take the numbers with a grain of salt, and expect the numbers are highly unrealistic. >>

    It would be more productive if it were compared with the costs (both social and economic) of doing nothing over those same ten years.

    ricksfolly

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    Why so serious?

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    Re: CBO Numbers [have just come out]

    [quote=ricksfolly;1058626831]
    Quote Originally Posted by lizzie View Post
    Being that I don't believe anything I hear from about 90% of politicians, I take the numbers with a grain of salt, and expect the numbers are highly unrealistic. >>

    It would be more productive if it were compared with the costs (both social and economic) of doing nothing over those same ten years.

    ricksfolly
    Off topic, but I wish you would quit breaking the quote tags.
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

    --Albert Einstein, 1929

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by RightinNYC View Post
    Some of them are cuts via a decrease in the reimbursement rate. Where they used to pay $100 for X, now they'll only pay $95.

    Some of them are cuts via redefinition of program qualifiers. Where they used to subsidize the Part D premiums of everyone, now they'll only do that for non-high income people.

    Some of them are cuts via increased efficiency. Where they used to waste lots of money, now they'll supposedly put an end to that waste and save billions.
    Yikes...thats not exactly going to inspire a lot of providers to jump on board...

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    Re: CBO Numbers [have just come out]

    Does anyone believe even the basic premise that anyone can predict costs for a program 10 or 20 years out.
    Even if you say well we have to hve something score this my response is why. Adding an entitlement for 30 million people can't be free. Did anyone bother to ask what hapens to this score when immigration reform adds another 10 million people who will be part of this program.

    As to the taxes that are going to be raised. In case folks forgot we have a $1.3 trillion deficit so who thinks taxes do not have to be raised to help offset that.

    Are folks really as gullible as what I am reading here. Or do they know this is all B.S. but it is a dance we have to perform to pass this new entitlement.

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by washunut View Post
    Are folks really as gullible as what I am reading here. Or do they know this is all B.S. but it is a dance we have to perform to pass this new entitlement.
    Some are just plain gullible. Others have a limited scope due to limited experience.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by washunut View Post
    Does anyone believe even the basic premise that anyone can predict costs for a program 10 or 20 years out.
    its like any financial forecasting
    assumptions are made. being unable to predict the future, that is the best that can be expected. when comparing the actual outcomes with the pro forma, the variance typically increases over time

    Even if you say well we have to hve something score this my response is why.
    that's how budgets are prepared. the associated predictable costs and revenues are compiled to determine if the spending will yield a predictably positive or negative result

    Adding an entitlement for 30 million people can't be free.
    i agree with you here. but also recognize that many of these 30 MM were already costing public monies in the form of health care received from emergency rooms. the most expensive form of care available. providing them lower cost alternatives will generate a savings

    Did anyone bother to ask what hapens to this score when immigration reform adds another 10 million people who will be part of this program.
    why only 10 MM? but would that not be something which would be estimated when the congress was actually examining the costs of immigration reform. to assess the federal fiscal exposure expected to result if we would add more eligibles to our nation's rolls receiving public assistance. and it is my understanding those illegal aliens are now enjoying the benefit of tax dollars when they receive care at emergency rooms where that care is paid for by the feds

    As to the taxes that are going to be raised. In case folks forgot we have a $1.3 trillion deficit so who thinks taxes do not have to be raised to help offset that.
    having such a deficit is a massive drag on our economy. just as is nation building and war in the middle east and the excessive amount of federal resources given over to defense. there are better places to extract economy than in our citizens' health

    Are folks really as gullible as what I am reading here. Or do they know this is all B.S. but it is a dance we have to perform to pass this new entitlement.
    i haven't seen the numbers but i give more credibility to the data generated by the CBO/OMB than mindless rants posted without any factual basis to support the opposition
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: CBO Numbers [have just come out]

    Very happy to see such a large deficit reduction measure could be passed.

    "Democrats are calling it the "biggest deficit reduction measure in 25 years"--that is, since the 1993 Clinton budget.

    This news should ease the anxiety of reform critics, both in Congress and beyond, who worry that health care reform will bankrupt the government or the country. CBO projections are not an exact science, but they're as reliable as anything we have. If anything, their projections err on the side of excessive caution."

    Dems Get The CBO Score They Want | The New Republic
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: CBO Numbers [have just come out]

    It does seem to have long term cost saving potential, but I want to hear other estimates before I celebrate. In general, it looks promising.

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