Posted on 03/08/2010 4:50:50 PM PST by Sub-Driver
Obama Confuses Decades, Inflates Estimated Health Care Savings by $868B
Obama boasted Monday that Democrats' health care proposals would cut deficits by $1 trillion "over the next decade," a flub that inflated the actual estimate by $868 billion
President Obama, making his final push for health care reform, pitched his proposal Monday to a crowd in Pennsylvania with a deficit-reduction figure that the White House later admitted missed the mark.
"Our cost-cutting measures mirror most of the proposals in the current Senate bill, which reduces most people's premiums and brings down our deficit by up to $1 trillion dollars over the next decade because we're spending our health care dollars more wisely," Obama told an audience at Arcadia University in Glenside, Pa., a suburb north of Philadelphia.
Obama was so proud of these cost-saving numbers in the latest version of health care reform, he delved into a bit of Washington-speak to back them up.
"Those aren't my numbers," Obama said to the rising applause of the estimated 1,300 in attendance. "They are the savings determined by the Congressional Budget Office, which is the nonpartisan, independent referee of Congress for what things cost."
But the budget office did not say the Senate health care bill would save $1 trillion over the next decade -- or even close to that figure.
It estimated the bill would save $132 billion from 2010 to 2019, leaving Obama's "next decade" estimate $868 billion short.
When contacted about this disparity, a White House official said Obama meant to say the Senate bill would save $1 trillion in its second decade -- a projection that would more closely match congressional analysts' estimates.
(Excerpt) Read more at foxnews.com ...
Obama’s Lie Czar apparently having difficulty in keeping his lies straight.
Obama: “How much is a brazilian?”
The dirty little secret is that the bill contains about $3 trillion is costs on the back of individuals and small businesses in the form of mandates. The Dems have been able to cleverly get those costs not scored as part of the bill’s cost because the money does not flow directly through the government.
What?????
What?????
Someone did a fact check???? Actually contacted the White House for a response???
Whaattt?????
Hey, what’s a billion or so among friends?
The boy wonder has been throwing around huge numbers with obviously absolutely no understanding of what he’s saying.
Predicting an economic trend over a decade is is fraught with danger. Doing so for subsequent decades is mathematical alchemy.
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