Dependence Day

Investors.com ^ | December 24, 2009 | INVESTORS BUSINESS DAILY Staff

[Kaslin]

Legerdemain: Remember the $246 billion that Democrats were going to take out of Medicare to keep the program solvent as well as help fund their health care reform schemes? Turns out it was just a fantasy.

According to the Congressional Budget Office, the Democrats double-counted funds in their health care plans, drawing the savings for Medicare and financing for the new medical programs outlined in the Senate bill from the same source. The legislation, says the nonpartisan CBO, will increase the deficit, not reduce it as its supporters claimed.

The $246 billion was to come from a cut in Medicare benefits. This would supposedly delay that program's inevitable insolvency — now projected to be 2017— by as much as nine years. But CBO Director Doug Elmendorf said Wednesday that "the improvement in Medicare's finances would not be matched by a corresponding improvement in the federal government's overall finances."

The key point, according to Elmendorf, is that the Medicare savings "would be received by the government only once, so they cannot be set aside to pay for future Medicare spending and, at the same time, pay for current spending on other parts of the legislation or on other programs."

Republican Sen. Jeff Sessions from Alabama, who asked for the CBO analysis that revealed the chicanery, called the letter from Elmendorf a "game changer."

All it really achieved was to show that Senate Democrats are determined to reconstruct American health care no matter what's in the legislation. Early Thursday, the Senate passed a medical overhaul 60-39 along party lines despite the release of the Elmendorf letter the day before.

[MarMema]

Early Thursday, the Senate passed a medical overhaul 60-39 along party lines despite the release of the Elmendorf letter the day before.

May all of their family members using this monstrosity enjoy the wonders of it.

[musicman]

[musicman]

[OneWingedShark]

Good post!
It sums things up quite nicely.

[YankeeReb]

It's reasonable to believe the Democrats know that what they've included in their legislation is so objectionable, they have to cover up as much of it as they can and rush it through Congress before word gets out.

Wow!! Do ya think???

[highlander_UW]

Great cartoon.