Skip to comments.CBO: Obamacare Repeal Would Save $1.4 Trillion
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 expansionswhich include the cost of the subsidies to be provided through the exchanges, increased outlays for Medicaid and the Childrens Health Insurance Program (CHIP), and tax credits for certain small employerswill 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 ...
Headline says $1.4 trillion..
A Community Organizer meets his match.
CBO. 3 Months ago Osamabamacare was saving that much. What kind of idiots are they?
The Dimocrats LIED. Imagine that.
We will save 6.4 trillion in nine years by repealing Medicare.
Let's repeal Medicare and Obamacare!
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.
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.
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.
Thanks lbryce. How much would impeachment save?
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
Back in January, Paul Ryan explained how the Dems. “fudged” the numbers.
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.
..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.
And when you drop Michelle's squandering our money into the equation.... :-)
One trillion 1,000,000,000,000 equals 999,999,999,999 + 1. That is 999 billion, 999 million, 999 thousand, 999 plus 1.