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Thread: CBO Numbers [have just come out]

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    CBO Numbers [have just come out]

    House Majority Leader Steny Hoyer (D-Md.) just released the first set of Congressional Budget Office numbers to reporters this morning.
    The bill would cost $940 billion, and reduce the deficit by $130 billion over the first 10 years and $1.2 trillion in the second 10 years. The deficit numbers Democrats have been most worried about, and will be key to convincing moderates to coming on board with the bill.


    Here are the details, according to House Democrats:
    1. CUTS THE DEFICIT Cuts the deficit by $130 billion in the first ten years (2010 – 2019). Cuts the deficit by $1.2 trillion in the second ten years. 2. REINS IN WASTEFUL MEDICARE COSTS AND EXTENDS THE SOLVENCY OF MEDICARE; CLOSES THE PRESCRIPTION DRUG DONUT HOLE Reduces annual growth in Medicare expenditures by 1.4 percentage points per year—while improving benefits and lowering costs for seniors. Extends Medicare’s solvency by at least 9 years. 3. EXPANDS AND IMPROVES HEALTH COVERAGE FOR MIDDLE CLASS FAMILIES Expands health insurance coverage to 32 million Americans Helps guarantee that 95 percent of Americans will be covered. 4. IS FULLY PAID FOR Is fully paid for – costs $940 billion over a decade. (Americans spend nearly $2.5 trillion each year on health care now and nearly two-thirds of the bill’s cost is paid for by reducing health care costs).
    The key here is ACCORDING TO DEMOCRATS, and Democrats, as well as Republicans, are notorious for spin.

    I would like to hear how others here interpret those numbers.
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    Re: CBO Numbers [have just come out]

    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.
    "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 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.
    that causes me to wonder what data you would use to scrutinize this action
    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]

    Quote Originally Posted by danarhea View Post
    The key here is ACCORDING TO DEMOCRATS, and Democrats, as well as Republicans, are notorious for spin.

    I would like to hear how others here interpret those numbers.
    Id like to see how they spun medicare costs...

    I believe we are going to have health care passed whether we like it or not. That being the case I HOPE I am wrong and that Obama and the left is right. And if so...if costs come down and service stays at a high standard, I will be the FIRST to admit I was wrong.

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    Re: CBO Numbers [have just come out]

    As the entire nation inhales and exclaims a simultaneous "BULL****!"

    LOL

    I mean, does ANYONE actually believe this will reduce the deficit? Really? LOL

    This changed not a single mind from their previous position.

    Dems, vote for this at your own peril. Republicans may have 90 votes in the Senate by 2012.

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    Re: CBO Numbers [have just come out]

    For those who are interested, the CBO's preliminary finding can be found at: http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by donsutherland1 View Post
    For those who are interested, the CBO's preliminary finding can be found at: http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf
    I think the links broken.

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    Re: CBO Numbers [have just come out]

    “Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.” (CBO Director Doug Elmendorf, Letter To Rep. Nancy Pelosi, 3/18/10, P.1)
    Conservative News: UPDATED: Democrats Touting 'Unofficial' CBO Score - HUMAN EVENTS

    it's an estimate, not an official score

    that's why leadership (once more, as always) won't let ANYONE SEE IT

    LOL!

    they're totally DESPERATE

    to understand this story in its full context you must appreciate that house rules require ms slaughter to put up seventy two hours in advance of a vote the rules for floor debate---how many minutes for this side, how many for that, exactly how amendments (if any) will be submitted and decided upon, etc---the rules for floor debate

    leadership must have them up and online 72 hours before a vote can go down

    leadership wanted so badly to proceed on SATURDAY

    but to do so they needed to be up and aready as of midnite last nite

    now, the best they can do is SUNDAY

    and to accomplish THAT they must have the ENTIRE RECONCILIATION, along with floor rules, up and online by midnite tonite

    the fact that clyburn, who only a few days ago suggested the arm twisting would go on PAST EASTER, is touting as some great VICTORY for his party a cbo ESTIMATE---at a TIME LIKE THIS, when they're in such a HURRY---is sure sign of BIG TROUBLE (as always) on the leadership front

    pieface is sposed to be on his plane to the pacific NOON SUNDAY

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    Re: CBO Numbers [have just come out]

    Quote Originally Posted by danarhea View Post
    The key here is ACCORDING TO DEMOCRATS, and Democrats, as well as Republicans, are notorious for spin.

    I would like to hear how others here interpret those numbers.
    I wonder how much they had to raise taxes/premiums before they got those numbers.

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    Re: CBO Numbers [have just come out]

    Frankly a CBO score of a bill which isn't even the thing in question that even the CBO acknowledges is preliminary and an estimate at best is not something I put much stock in eitehr way.

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