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CBO: Obamacare Repeal Would Save $1.4 Trillion
National Review Online ^ | February 18, 2011 | Andrew Styles

Posted on 02/18/2011 4:20:56 PM PST by lbryce

In a letter to House Speaker John Boehner (R., Ohio), CBO Director Douglas Elmendorf writes:

The enacted legislation contained a set of provisions designed to expand health insurance coverage that was estimated to increase federal deficits. The costs of those coverage expansions—which include the cost of the subsidies to be provided through the exchanges, increased outlays for Medicaid and the Children’s Health Insurance Program (CHIP), and tax credits for certain small employers—will be partially offset by revenues from the excise tax on high-premium insurance plans and net savings from other coverage-related effects. By repealing those coverage provisions of PPACA and the Reconciliation Act, over the 2012-2021 period H.R. 2 would yield gross savings of $1,390 billion and net savings (after accounting for the offsets just mentioned) of $1,042 billion.

The full 20 page letter is available to view at the link provided below.

Link:CBO 20 Page Letter to House Speaker John Boehner

(Excerpt) Read more at nationalreview.com ...


TOPICS: Extended News; Front Page News; Government; News/Current Events
KEYWORDS: budget; deficit; healthcare; obama; obamacare; socialisthealthcare; socializedmedicine
A trillion here, a trillion there, before you know it, you are beholden to every tin-pot dictator crawling out of the woodwork, grandmothers in Timbuktu.
1 posted on 02/18/2011 4:21:02 PM PST by lbryce
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To: lbryce
By repealing those coverage provisions of PPACA and the Reconciliation Act, over the 2012-2021 period H.R. 2 would yield gross savings of $1,390 billion and net savings

Headline says $1.4 trillion..

2 posted on 02/18/2011 4:28:41 PM PST by Beaten Valve
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To: lbryce

A Community Organizer meets his match.


3 posted on 02/18/2011 4:30:36 PM PST by screaminsunshine (34 States)
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To: Beaten Valve

Really....really.


4 posted on 02/18/2011 4:30:45 PM PST by DryFly
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To: Beaten Valve
Whoops, I just re-read my own post and saw the comma "$1,390" billion...

My apologies!

5 posted on 02/18/2011 4:31:05 PM PST by Beaten Valve
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To: Beaten Valve

CBO. 3 Months ago Osamabamacare was saving that much. What kind of idiots are they?


6 posted on 02/18/2011 4:32:56 PM PST by screaminsunshine (34 States)
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To: lbryce

The Dimocrats LIED. Imagine that.


7 posted on 02/18/2011 4:36:23 PM PST by savedbygrace (But God.)
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To: lbryce
Obamacare Repeal Would Save $1.4 Trillion

We will save 6.4 trillion in nine years by repealing Medicare.

Let's repeal Medicare and Obamacare!

8 posted on 02/18/2011 4:38:08 PM PST by Walts Ice Pick
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To: Beaten Valve

In the USA the next level after one hundred billion is a trillion. We do not use a thousand billion but in countries like England, for the same reason they drive on the wrong side of the road, after a hundred million they go to a thousand billion, hence $1,390 billion is correct. Maybe the author is British.


9 posted on 02/18/2011 4:38:14 PM PST by lbryce (BHO:Satan's Evil Twin)
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To: lbryce

I don’t think this CBO could add 2+2 and get the right answer. What was that crap they were spewing a few weeks ago about how it would COST billions to repeal it? (Which anyone with a brain knows is nuts)

Bottom line, CBO is pulling numbers out of the nether regions but maybe they got it this time.


10 posted on 02/18/2011 4:46:38 PM PST by bigbob (-)
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To: lbryce

Well, if the author is British I’m pretty sure it would be written as $1.390 billion. They have opposite uses of commas and periods than we do. Very confusing.


11 posted on 02/18/2011 4:52:38 PM PST by Svartalfiar
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks lbryce. How much would impeachment save?


12 posted on 02/18/2011 5:00:26 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: SunkenCiv

The country.


13 posted on 02/18/2011 5:03:48 PM PST by TexasM1A
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To: lbryce

And I theorize...

improve investor confidence worldwide, which would:

help to keep Treasury borrowing rates low
help the value of the dollar relative to other currencies
increase the relative value of our food exports
lower the cost of food in the U.S. relative to other countries
promote geo-political stability


14 posted on 02/18/2011 5:14:21 PM PST by PieterCasparzen (Huguenot)
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To: bigbob

http://www.youtube.com/watch?v=jp8gF7inYaM&feature=player_embedded

Back in January, Paul Ryan explained how the Dems. “fudged” the numbers.


15 posted on 02/18/2011 5:17:26 PM PST by Hypo2
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To: lbryce
Obamacare Repeal Would Save $1.4 Trillion!
16 posted on 02/18/2011 5:19:06 PM PST by BenLurkin (This post is not a statement of fact. It is merely a personal opinion -- or humor -- or both)
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To: lbryce

Well,a tree fell the woods, will it make a noise to prove it actually fell or is our side TOO STUPID to trumpet this from the rooftops? Five bucks says we won’t even mention it on the Sunday shows...again, our side is too stupid.


17 posted on 02/18/2011 5:21:28 PM PST by CincyRichieRich (Keep your head up and keep moving forward!)
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To: Beaten Valve

..My apology to you as well as I hadn’t seen your most recent post. My comment(#9) comes off unintentionally pedantic among other things and wanted to set matters straight.


18 posted on 02/18/2011 5:30:02 PM PST by lbryce (BHO:Satan's Evil Twin)
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...


19 posted on 02/18/2011 5:36:11 PM PST by GodGunsGuts
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To: lbryce

BUMP


20 posted on 02/18/2011 5:38:38 PM PST by BunnySlippers (I love BULL MARKETS . . .)
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To: SunkenCiv
TexasM1A got it right but let me just say the savings, benefits transcend beyond the realm of financial matters. As far as the budget is concerned, first off there's the $400,000+ salary, then there's Air Force One he uses as his personal flying carpet, taking to the skies on a whim whenever his wanderlust comes to the fore, the urge to apologize for America or bow his sorry head to to the floor becomes too tantalizing to resist. Considering the cost of operating AFO is pegged at $100,000 per hour, it's not too difficult to imagine surpluses very soon.

And when you drop Michelle's squandering our money into the equation.... :-)

21 posted on 02/18/2011 5:56:20 PM PST by lbryce (BHO:Satan's Evil Twin)
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To: lbryce

sfl


22 posted on 02/18/2011 6:06:53 PM PST by phockthis
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To: lbryce

One trillion 1,000,000,000,000 equals 999,999,999,999 + 1. That is 999 billion, 999 million, 999 thousand, 999 plus 1.


23 posted on 02/18/2011 7:00:47 PM PST by Techster
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