Senate Health Bill Totals $849 Billion, CBO Estimates

ptif219 · 11-21-09, 07:32 PM

Dems won the debate starts after thanksgiving. The vote was 60 to 39 they got just enough I guess Lieberman was what they needed.

Strucky · 11-21-09, 10:37 PM

Posted this in another thread....It should've gone here-

Looks like that "$130 billion surplus" this bill is suppose to generate has been wiped out-

Quote:

Republicans assail US health care bill, Democrats set first vote in Senate Saturday night

Thu Nov 19, 9:56 PM
By David Espo, The Associated Press

--------------

Given the political stakes, there was disagreement even about the bill's cost.

Democrats put the price tag at $979 billion, higher than the $849 billion figure they had cited Wednesday as the cost of expanding coverage to 31 million who now lack insurance. Republicans calculated it at more like $1.5 trillion over a decade, and said even that was understated because Reid decided to delay implementation of some of the bill's main features until 2014.

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obvious Child · 11-22-09, 08:55 PM

Quote:

Originally Posted by misterman

CBO is usually pretty accurate. More than other leading government forecasters.

This will interest you. CBO assessing it's past accuracy:
The Budget and Economic Outlook: Fiscal Years 2003-2012

Did you read the bottom?
If those averages were applied to CBO's current baseline, the actual surplus or deficit could be expected to differ in one direction or the other from CBO's projections by about $50 billion in 2002, $130 billion in 2003, and over $350 billion in 2007.

Furthermore, did you check the date on that? Seriously. OLD DATA.

Quote:

Fine. That applies to yours too.

I know projections beyond a few years are voodoo.

Look at the CBO's projections for Clinton. Not worth the paper it was printed on.

misterman · 11-22-09, 09:00 PM

Quote:

Originally Posted by obvious Child

Did you read the bottom?
If those averages were applied to CBO's current baseline, the actual surplus or deficit could be expected to differ in one direction or the other from CBO's projections by about $50 billion in 2002, $130 billion in 2003, and over $350 billion in 2007.

Furthermore, did you check the date on that? Seriously. OLD DATA.

I didn't care enough to find better.

Quote:

I know projections beyond a few years are voodoo.

I don't dispute that.

11-21-09, 07:32 PM	#41
ptif219 Guru Join Date: Nov 2009 Last Seen: Today 07:53 PM Location: melbourne florida Posts: 2,686 Thanks: 177 Thanked 261 Times in 218 Posts Lean: Very Conservative Gender:	Re: Senate Health Bill Totals $849 Billion, CBO Estimates Dems won the debate starts after thanksgiving. The vote was 60 to 39 they got just enough I guess Lieberman was what they needed.
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