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Keyword: bhocbo

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  • Do the Math -- Obamacare Would Increase Deficits by $59 Billion (Obama, Pelosi and Reid are LIARS!)

    03/20/2010 3:49:07 PM PDT · by tobyhill · 12 replies · 380+ views
    fox news ^ | 3/20/2010 | fox news
    Democrats have so thoroughly gamed the budget process and the Congressional Budget Office’s scoring rules that the official cost estimates of the Obama health plan reveal but a sliver of the legislation’s full cost. The Obama plan would vastly increase the size and scope of the federal government, and increase our already record federal deficit. To hear Democrats tell it, the CBO projects the legislation would cost a mere $940 billion over the next 10 years. The CBO said no such thing: that figure pertains only to provisions aimed at expanding health insurance. Other spending provisions bring the cost to...
  • No CBO score tonight, Pelosi's office says

    03/17/2010 5:44:47 PM PDT · by PJ-Comix · 97 replies · 4,274+ views
    The Hill ^ | March 17, 2010 | Molly K. Hoope
    House Democrats will not post a Congressional Budget Office (CBO) estimate of the revised healthcare bill tonight, according toSpeaker Pelosi's (D-Calif.) office. Pelosi spokesman Nadeam Elshami told reporters gathered outside the Speaker's office, that a a CBO score would not be forthcoming."Go home," Elshami said, avoiding questions of the implication not having the scores online means to the timing of a final vote. Rep. Chris Van Hollen (D-Md.) admitted that if the scores are posted on Thursday, and Democrats honor the 72-hour rule, then the vote would "most likely happen on Sunday, if that scenario plays out."
  • CBO Report Was Pre-Ordained to Show the Stimulus Succeeded

    02/25/2010 12:56:50 PM PST · by Sir Gawain · 7 replies · 556+ views
    Wednesday, February 24, 2010 CBO Report Was Pre-Ordained to Show the Stimulus Succeeded    [Brian Riedl] The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs. Yet the CBO’s calculations are not based on actually observing the economy’s recent performance. Rather, they used an economic model that was programmed to assume that stimulus spending automatically creates jobs — thus guaranteeing their result. Logicians call this the begging-the-question fallacy. Mathematicians call it assuming what you are trying to prove. The CBO model started by automatically...
  • The Horror of the CBO's 2010 Economic Report

    01/27/2010 2:39:16 PM PST · by Kartographer · 275+ views
    TheAtlantic.com ^ | 1/26/10 | Derek Thompson
    The president's plan to freeze non-military discretionary spending isn't good. The new projections for this year's economy from the CBO are much worse. They project a $1.3 trillion deficit for fiscal year 2010, the second largest as a share of GDP since WWII. They project unemployment over 10 percent until mid-year, and still in the high 9s when the spending freeze bites. In short, we're trapped.
  • BUDGET CHIEF CONTRADICTS OBAMA ON MEDICARE COSTS

    09/22/2009 3:15:30 PM PDT · by Nodems2000 · 9 replies · 673+ views
    BREITBART | SEP 22, 2009 | ERICA WERNER
    <p>Budget chief contradicts Obama on Medicare costs Sep 22 05:49 PM US/Eastern By ERICA WERNER Associated Press Writer Comments (1) Email to a friend Share on Facebook Tweet this Bookmark and Share WASHINGTON (AP) - Congress' chief budget officer is contradicting President Barack Obama's oft-stated claim that seniors wouldn't see their Medicare benefits cut under a health care overhaul.</p>
  • BUDGET CHIEF CONTRADICTS OBAMA ON MEDICARE COSTS

    09/22/2009 3:20:12 PM PDT · by Nodems2000 · 7 replies · 385+ views
    SEP 22, 2009 | ERICA WERNER
    Budget chief contradicts Obama on Medicare costs Sep 22 05:49 PM US/Eastern By ERICA WERNER Associated Press Writer Comments (1) Email to a friend Share on Facebook Tweet this Bookmark and Share WASHINGTON (AP) - Congress' chief budget officer is contradicting President Barack Obama's oft-stated claim that seniors wouldn't see their Medicare benefits cut under a health care overhaul. The head of the nonpartisan Congressional Budget Office, Douglas Elmendorf, told senators Tuesday that seniors in Medicare's managed care plans would see reduced benefits under a bill in the Finance Committee. The bill would cut payments to the Medicare Advantage plans...
  • Proposals could cut mortgage deductions

    08/30/2009 8:45:34 AM PDT · by ProtectOurFreedom · 85 replies · 2,028+ views
    San Jose Mercury News ^ | 8/29/09 | Kenneth Harney
    ...arlier this month the nonpartisan Congressional Budget Office delivered its latest revenue-raising options for Senate and House consideration as they write this fall's tax and budget legislation. Tucked away in the report are several incendiary plans that could — if adopted — cost homeowners billions of dollars. Though not formal legislative proposals, the CBO's options represent a handy fiscal menu for legislators to pick and choose from to reduce the deficit — now at unprecedented levels — or to pay for new programs they might want to advance. Tops on the CBO's hit list for housing: Slash deductions for homeowner...
  • Passing the Healthcare Smell Test

    08/17/2009 4:48:49 AM PDT · by Kaslin · 2 replies · 256+ views
    Townhall,com ^ | August 17, 2009 | Joseph C, Phillips
    The narrative currently being written by the new left posits that opposition to their attempts to reform health care is fueled by political impotence, crackpot extremism and racism. Alas, elected officials demonstrating contempt for the people they represent has sadly become the rule rather than the exception. Calling the American people Nazis and fools may make a more compelling story than the truth, but it will not alter the fact that Americans simply do not want the expensive, top-heavy government healthcare boondoggle currently being stuffed down their throats. The new left is always convinced they are the smartest folks in...
  • White House 'Reality Check’ Web Site Claims Health Care Reform ‘Would Not Add One Penny to Deficit’

    08/11/2009 4:35:53 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 58 replies · 1,389+ views
    cnsnews.com ^ | August 10, 2009 | Penny Starr, Senior Staff Writer
    White House 'Reality Check’ Web Site Claims Health Care Reform ‘Would Not Add One Penny to Deficit’ Despite CBO Reports to Contrary CNSNews.com) – A new Web site launched Monday by the Obama administration to rebut alleged disinformation about the administration's efforts to reform the health care system claims that reform “would not add one penny to the deficit"--despite the fact that the two health care reform bills that have been analyzed by the Congressional Budget Office are predicted by the CBO to increase the national debt by $239 billion and $1.042 trillion respectively. The administration, meanwhile, has not produced...
  • Analysis: Some Health Care Numbers Don't Tally

    08/03/2009 9:06:48 PM PDT · by Steelfish · 3 replies · 434+ views
    AP Report ^ | August 03, 2009
    Analysis: Some health care numbers don't tally By TOM RAUM, Associated Press Writer – Mon Aug 03 WASHINGTON – Some of President Barack Obama's health care numbers don't seem to add up. And that's complicating his efforts to pass his top domestic priority. Obama could be falling into the same trap that snagged George W. Bush when he was pushing private accounts for Social Security as part of his "ownership society" in 2005. Bush's claims that the proposal would help shore up Social Security's long-term finances were hard to document mathematically and wound up feeding greater public skepticism. Obama claims...
  • CBO Strikes Back

    07/27/2009 9:23:04 AM PDT · by Def Conservative · 17 replies · 519+ views
    The CBO released a new analysis of the House version of ObamaCare yesterday, after getting blasted by White House budget director Peter Orszag for “exaggerating” the costs associated with the proposal. Douglas Elmendorf tells Rep. Dave Camp (R), the ranking member of the Ways and Means Committee, that the changes proposed by the White House will have little impact on their cost analysis, and that in fact the news gets worse in the second decade after the first runs up a $239 billion deficit:
  • Who Did Obama Bully Today? Douglas Elmendorf, Congressional Budget Office Chief

    07/26/2009 5:59:02 PM PDT · by Shellybenoit · 5 replies · 192+ views
    CNN/The Lid ^ | 7/26/09 | The Lid
    For the second time, the Congressional Budget Office (CBO) has dealt a blow to Obamacare. Their analysis of a White House/Congressional proposal to give an independent panel the power to keep Medicare spending in check, reported the panel idea would save a measly $2 billion over 10 years. Its not often one can call $2 billion measly, however the term is appropriate when its an offset to help pay for a $1-1.6 trillion Obamacare bill. In mid-July CBO director Douglas Elmendorf said bills crafted by House leaders and the Senate health committee do not propose "the sort of fundamental changes...
  • CBO deals new blow to health plan

    07/25/2009 12:26:01 PM PDT · by tatown · 87 replies · 4,200+ views
    The Politco ^ | 7/25/2009 | Chris Frater
    For the second time this month, congressional budget analysts have dealt a blow to the Democrat's health reform efforts, this time by saying a plan touted by the White House as crucial to paying for the bill would actually save almost no money over 10 years. A key House chairman and moderate House Democrats on Tuesday agreed to a White House-backed proposal that would give an outside panel the power to make cuts to government-financed health care programs. White House budget director Peter Orszag declared the plan "probably the most important piece that can be added" to the House's health...
  • Bullying CBO

    07/22/2009 7:48:43 PM PDT · by GOP_Lady · 8 replies · 684+ views
    The Wall Street Journal ^ | 07-22-09 | Wall Street Journal Editorial Staff
    The Washington Post recently ran a story quoting Democrats as bragging that President Obama has deliberately patterned his legislative strategy after LBJ’s, circa 1965.This may explain the treatment of Douglas Elmendorf, the director of the supposedly nonpartisan Congressional Budget Office who last week told Congress that you can’t “save” money on health care by having government insure everyone. For that bit of truth-telling, he was first excoriated by Senate Majority Leader Harry Reid. Then he was summoned, er, invited to the White House for an extraordinary and inappropriate meeting Monday with President Obama and a phalanx of economic and health-care...
  • THE INFLUENCE OF THE WHITE HOUSE

    07/23/2009 6:06:02 AM PDT · by Turret Gunner A20 · 3 replies · 284+ views
    Nealz Nuze ^ | July 23, 2009 | Neal Boortz
    In January, the Congressional Budget Office reported that healthcare legislation drafted by the Senate would add $1 trillion to the federal deficit and only reduce the number of uninsured Americans by 16 million. Then in July, the CBO reported that healthcare legislation drafted by the House would add $239 billion to the federal deficit and actually increase healthcare costs. Now, Barack Obama wants a meeting with the director of the Congressional Budget Office. After these CBO numbers .. which some Democrats have described as "devastating" .. it's time to pull out the big guns. Get this guy a meeting with...
  • Budget chief: Doctors fees not paid for in Obama bill...

    07/21/2009 3:06:46 PM PDT · by kcvl · 41 replies · 1,022+ views
    WASHINGTON (AP) - A senior administration official says billions of dollars to raise fees for doctors treating Medicare patients are not covered by President Barack Obama's pledge to pay for health care legislation. Budget Director Peter Orszag said Tuesday that's because the administration always assumed the money would be spent to prevent a cut of more than 20 percent in doctor fees. The Congressional Budget Office said last Friday the higher payments cost $245 billion over 10 years. It said including the money in the overall bill would result in deficits totaling $239 billion. On Friday, a few hours earlier,...
  • Why did Obama meet with the CBO?

    07/21/2009 12:46:01 PM PDT · by Free ThinkerNY · 64 replies · 4,078+ views
    hotair.com ^ | July 21, 2009 | Ed Morrissey
    Barack Obama disclosed an unusual meeting with the CBO, presumably its director Doug Elmendorf, in his Today Show appearance this morning with Meredith Viera. The relevant clip comes at the three-minute mark, where Viera challenges Obama on the CBO scoring of the health-care reform bills: OBAMA: And so, what we’ve got to do, is to bend the cost curve over the long term. And we’ve put forward a whole series of proposals to do that, and the Congressional Budget Office and every health care expert have looked at many of our proposals, and they’ve said, “You know, this has a...
  • Schumer says CBO ‘wacky’ on health cost, sees passage

    07/17/2009 1:30:00 PM PDT · by Nachum · 27 replies · 808+ views
    Washington Examiner ^ | 7/17/09 | Laura Litvan
    The Senate can pass legislation overhauling the U.S. health-care system by August with some Republican support even with the “wacky” cost estimates by the Congressional Budget Office, Senator Charles Schumer said.
  • ObamaCare Gets a Red Light from Congressional Budget Office

    07/17/2009 12:37:40 PM PDT · by AJKauf · 8 replies · 492+ views
    Pajamas Media ^ | July 17 | Rick Moran
    This double dose of doom has made absolutely no impact on Capitol Hill. Three House committees seem ready to report out a $1.5 trillion health care reform measure while the Senate Finance Committee appears close to a bipartisan deal on how to fund it — this, despite the fact that the CBO chief has told them there is no way to pay for it. It is like being in a bad dream where there’s a fire in a room where a dinner party is being held and you’re the only one who notices. Everyone else is still playing cards, eating,...
  • CBO: Federal budget is on unsustainable path...

    07/16/2009 4:08:27 PM PDT · by kcvl · 5 replies · 939+ views
    Congressional Budget Office Director’s Blog -------------------------------------------------------------------------------- « Intergovernmental Mandates in Federal LegislationThe Long-Term Budget Outlook Today I had the opportunity to testify before the Senate Budget Committee about CBO’s most recent analysis of the long-term budget outlook. Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just...