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Re: House Republicans seek probe of D.C. monument closures
As time goes on CBO expects that the law will cut the deficit by around a trillion dollars in its second decade.
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11 facts about the Affordable Care Act
... I hope for your sake and your country's sake that you're even marginally right, but I doubt it.
As time goes on CBO expects that the law will cut the deficit by around a trillion dollars in its second decade.
The law is expected to spend a bit over $1 trillion in the next 10 years.
The law's spending cuts -- many of which fall on Medicare -- and tax increases are expected to either save or raise a bit more than that, which is why the Congressional Budget Office estimates that it will slightly reduce the deficit. (There's been some confusion on this point lately, but no, the CBO has not changed its mind about this.) As time goes on, the savings are projected to grow more quickly than the spending, and CBO expects that the law will cut the deficit by around a trillion dollars in its second decade. Here's its graph, which covers the period between 2012 and 2021:
read more:
11 facts about the Affordable Care Act