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"We are on strike, we the men of the mind. We are on strike against self-immolation. We are on strike against the creed of unearned rewards and unrewarded duties."-John Galt

Saturday, March 20, 2010

NEW CBO Numbers-DEFICITS WILL RISE 3/19/10

What a nasty little surprise right before the Demon Vote that will likely take place tomorrow. At the request of House Budget Ranking Republican, Paul Ryan, the CBO now says the "doc fix" will ADD $208 billion to the cost of the bill.
Contrary to recent claims, the Democratic health care overhaul will increase Federal deficits by atleast $59 billion, and more likely $260 billion, over the next 10 years.

New analysis from the Congressional Budget Office [CBO] provided at the request of House Budget Ranking Republican Paul Ryan, indicates that including the “doc fix” in the Majority’s health care overhaul adds $208 billion to the cost of the bill, increasing the deficit by $59 billion over the next 10 years.
There are also a number of other policy and budget items that were challenged and found to be either unrealistic or an outright fabrication in this report. At this point it is completely realistic and probable that the actual cost of this bill will "increase [the deficit] over the decade following 2019 “in a broad range around one quarter percent of GDP.” Using the Majority’s own methodology, this amounts to a second decade deficit of $600 billion."

So....there go those pretty savings and all the making your life better crap..........

PLEASE READ THE WHOLE THING RIGHT HERE.....