Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

BREAKING : CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
The American Spectator ^ | January 07, 2011 | Philip Klein

Posted on 01/07/2011 12:32:15 PM PST by RobinMasters

The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts.

Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction.

Full email, from Edward "Sandy" Davis, CBO's Associate Director for Legislative Affairs, below.

(Excerpt) Read more at spectator.org ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Culture/Society; News/Current Events; US: Pennsylvania; US: Texas
KEYWORDS: cbo; commiecare; debt; healthcare; jan2011; mikefitzpatrick; obama; obamacare; palin; pennsylvania; petesessions; repeal; spending; texas; weiner; whiner; youlie
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 141-149 next last

1 posted on 01/07/2011 12:32:17 PM PST by RobinMasters
[ Post Reply | Private Reply | View Replies]

To: RobinMasters

Hooooooooooooooooooooooowl!!!


2 posted on 01/07/2011 12:34:32 PM PST by stockpirate (Sen. Mitch McConnel (R) has betrayed the Nov. 2, 2010 voters w/his tax bill!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Tough to see a downside here. Let’s hope they get it done.


3 posted on 01/07/2011 12:35:44 PM PST by johniegrad
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Of course we’ll see this news on ABC, CBS, NBC and CNN in about.........?

Hello?


4 posted on 01/07/2011 12:35:53 PM PST by Panzerlied ("We shall never surrender!")
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters
So we can implement it and "save" $230 Billion and do a great deal of harm to the economy; or we can simply cancel the whole program and save $540 Billion, and not damage the economy.

What's there to even think about?

5 posted on 01/07/2011 12:36:20 PM PST by Repealthe17thAmendment (Is this field required?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

And even that is a huge lie. Just take a look at Romneycare in Massachusetts. It’s driving the state bankrupt.

The true cost of Obamacare is probably about half a trillion a year, and rising.


6 posted on 01/07/2011 12:36:46 PM PST by Cicero (Marcus Tullius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

LOL! Nancy? Harry? 0? America demands your response.


7 posted on 01/07/2011 12:37:30 PM PST by Servant of the Cross (I'm with Jim DeMint ... on the fringe!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

It will be fun to hear all the Socialists who insisted the CBO was non partisan to now say the CBO is partisan.


8 posted on 01/07/2011 12:37:40 PM PST by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

I can’t wait for Mr. Weiner to find out! He’s been yelling at all the repubs. that repealing Obamacare would raise the deficit. I guess he was wrong


9 posted on 01/07/2011 12:38:11 PM PST by marstegreg
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Oh this is going to be good..


10 posted on 01/07/2011 12:38:26 PM PST by SE Mom (Proud mom of an Iraq war combat vet)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Here’s the problem: In a very childish way, the Democrat party has now justified tax hikes under the auspices of “deficit reduction”. I have seen several articles on the Bloomberg calling Republicans hypocrites for supporting tax cuts. That’s funny, we’ve supported lower taxes for the past 30 years.


11 posted on 01/07/2011 12:39:20 PM PST by TXConservative25
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Here’s the problem: In a very childish way, the Democrat party has now justified tax hikes under the auspices of “deficit reduction”. I have seen several articles on the Bloomberg calling Republicans hypocrites for supporting tax cuts. That’s funny, we’ve supported lower taxes for the past 30 years.


12 posted on 01/07/2011 12:39:31 PM PST by TXConservative25
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

The CBO is an unreliable arm of the right wing.

~Obama, Biden, Gibbs, Pelosi, Reid....every Liberal!


13 posted on 01/07/2011 12:40:32 PM PST by sappy (criminalibs)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Forget it... the goodies are already coming in for some people. Too many old folks will see a reduction in their payment for prescription drugs.... for now. Once you get people hooked on socialist fixes, it will be a hard time prying them off...


14 posted on 01/07/2011 12:40:58 PM PST by blade_tenner
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters
THIS MORNING'S headlines had the Wicked Witch of the West insisting that repealing Obamacare would INCREASE the deficit (tho she said it was 'deficit neutral' shen she was shoving it down our throats) and that was supposedly according to the CBO letter. Whom to beleive? NOT the state run media, most likely. /justincasesarcasmtag
15 posted on 01/07/2011 12:41:13 PM PST by cake_crumb (Why do they call them "pat downs" when they're obviously "feel ups"?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

sounds like a start


16 posted on 01/07/2011 12:41:32 PM PST by GeronL (How DARE you have an opinion!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

Politicians, all!!! Kill “Obamacare” now and impeach “traitor” POTUS Barack Hussein Obama!!! Democrats, you better wise up and broom your loser POTUS right now!!!


17 posted on 01/07/2011 12:42:43 PM PST by JLAGRAYFOX
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters

This one deserves the Hah Hah graphic.

Okay, Pubbies, here’s your chance. You’ve caught the Dems peddling a blatant lie, make the most of it. Use the opportunity to point out to the public the lack of credibility these people have, and do it loudly!


18 posted on 01/07/2011 12:43:06 PM PST by ArmstedFragg (hoaxy dopey changey)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RobinMasters
Repealing the bill would also eliminate $770 billion in taxes.

this is, of course, what democrats like Representative Anthony Wiener mean when they say repealing the bill will "add to the deficit". That's secret democrat code speak for "this will eliminate a tax increase".

19 posted on 01/07/2011 12:43:24 PM PST by RC one (WHAT!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TXConservative25

The problem with THAT is that it’s the Democrats’ deficit. ALL of it. THEY own it. Never, EVER, let anyone else forget that.


20 posted on 01/07/2011 12:43:37 PM PST by cake_crumb (Why do they call them "pat downs" when they're obviously "feel ups"?)
[ Post Reply | Private Reply | To 11 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 141-149 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson