Posted on 10/17/2009 7:10:03 AM PDT by fiscon1
The president wants a massive health care overhaul. He also wants to keep it under $900 billion over the next ten years, and he wants it be deficit neutral. So, how do the Democrats plan on accomplishing all these things? It's through Enron style accounting.
1) Collect taxes and revenues in year one but don't begin to provide services until year three.
The CBO has become the "gold standard". Everyone has treated it as the gospel. It's so called scoring system has flaws however. It only takes the first ten years of revenues and expenses. So, how did the Baucus bill come in with a budget surplus? It begins to collect taxes and revenues right away. The plan, however, doesn't begin to be implemented until 2013 and doesn't take full effect until 2015. So, some taxes are collected for up to five years before expenses begin to take full effect. Yet, the CBO only scores for the next ten years. So, when you take ten years of revenues and only seven years of expenses, it's no wonder that the plan looks as though it reduces the deficit.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
Does this mean that 0bama, Reid, and Pelosi will get to be cellmates with Jeffrey Skilling?
The largest single untapped source of cash/value in this country is held by Americans' retirement accounts and plans.
He will levy most, if not all, of that. In turn, those affected by the seizure will be given SSA IOWs/Credits which will be doled out on a cryptic basis (read Democrat). It is very simple to see.
What’s illegal for one is used to pass bills for another.
Very well stated. Simple and (to anyone but a dimwit) easy to understand.
It is infuriating that all GOP members of congress aren’t out there every day making these same points. Over and over.
This is a winnable battle. But not, I fear, by our Republican representatives in Washington.
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