Posts Tagged ‘CBO’

Real Cost of Obamacare Revealed

Wednesday, March 14th, 2012

Wilson Should Have Said It Again: He Lies!

Remember when Congress was running the numbers through the Congressional Budget Office to get a scoring of the costs of Obama-care? Not surprisingly, these estimates fell well short of the real numbers under the arm-twisting and politicking of the Democrat leadership of Nancy Pelosi(D-CA,) then Speaker of the House. In short, they engineered a lie, and that lie was that over ten years, the costs of Obama-care would be “just” $900 Billion, but now the CBO has revised its estimates, and that number has sky-rocketed to nearly $1.8 Trillion.  You might wonder how badly you’re about to be hammered, but you can expect that by the time Obamacare is fully implemented, most working Americans will see their premiums sky-rocket(and in truth, many already have in just the last two years since the bill’s passage.)  Expect to pay more in taxes, and if you’re an employer, you may want to consider what they intend for you with all the new penalties.

Back in 2009-10, when the bill was being debated, they kept going back to browbeat CBO as repeated modifications of the bill continued to exceed one-trillion dollars.  They finally came out with a cost estimate of $940 billion, and this was sufficient to get the support of some wavering Democrats who didn’t want to be tagged with a $1 Trillion expenditure.  At the time, many Congressional critics said that it would come in far higher since the CBO was using a static scoring that didn’t account for economic conditions at large.  Much of the near doubling of the costs are accounted for by a weaker economy than they had estimated at the time.  This is typical CBO estimating:  Look at the sky today, see it is blue, and estimate the cost for umbrellas over the next ten years will be zero.  As you’re drenched for lack of an umbrella, they will explain that their estimates didn’t account for the dynamics of weather.

The entire Obama-care scam is just now kicking into high gear.  Over the next eighteen months, as new features and taxes kick in, along with the mandates and penalties, I don’t think most small or even medium businesses quite grasp how badly this is going to affect their bottom lines.  This is because much of it  has been hidden, and many large corporations have managed to obtain exemptions from the Obama administration.  It’s not clear that those exemptions are even legal, and it’s fairly certain they will end early in a second Obama term.  Our best hope is that the Supreme Court overturns the whole law, since there is no severability clause in this law, meaning that to throw out one portion, for instance the individual mandate, all portions of the law must go.  If that happens, we’ll be extraordinarily fortunate, but we must plan on the fact that this is going to go forward irrespective of the desires of more than 65% of the American people, who oppose it.

When you see Nancy Pelosi, Harry Reid, or Barack Obama, or any other Democrat who supported and voted for this law, you can assume they are liars, one and all, and that they knew full well that this program was going to cost significantly more than advertised.  They lied, because it was the only way to get even their own members to vote for it, not because those members believed the lies, but because it gave them plausible political cover.  Know this: If your member of Congress or your Senators voted for this bill, despite what they may say now, they knew it was an underestimate based on willful ignorance.  You should cast your votes accordingly at the next opportunity.

 

 

Obamacare Already a Disaster

Saturday, November 12th, 2011

He Promised This Won't Hurt a Bit - He Lied

More than 4.5 million Americans have lost their employer-sponsored health-care insurance in just a little more than a year-and-one-half since Obamacare was enacted, reports Gallup.  This demonstrates the folly of Obamacare, and it makes plain why conservatives had been so concerned about the “Patient Protection and Affordable Care Act.”  This result was a virtual inevitability, and for those who think this is over, you’d better brace yourselves: By the time Obamacare fully takes effect, there will be roughly ten million more Americans who will file to receive it than had been projected, if the current trend continues.  Worse, if Boehner’s sell-out on a Balanced Budget Amendment happens, we’re going to see it used to fund all of this.  There really is no alternative: We must reverse this law by full repeal, or the price paid will be dear in tax-payers’ dollars and Americans’ lives.

Worse still, as Jeffrey H. Anderson, writing for The Weekly Standard points out, since the CBO projected that the number of people would go up by 6 million, they’ve already missed the mark by more than 10.5 million people.  The Congressional Budget Office, then controlled by Democrats Pelosi and Reid, created rosy forecasts in order to sell the bill to Congressional members and to the public, but the truth is that at the current rate of loss, we may be looking at projections that missed the mark by as much 15-20 million people.  This will be the ultimate budget-buster, but it will also create the situation about which conservatives have consistently warned, starting with Sarah Palin who denounced the “Death Panels” provided in the law(and for which she was mocked, but about which she was nevertheless correct.)  We are going to see a dramatically reduced quality of care, and we are going to see a sort of rationing that will be borne on the backs of the elderly and the infirm.  In short, under Obamacare, people will die much sooner on average than would have been the case had we merely left things alone.

This is the situation Barack Obama and his merry band of Marxists have intentionally created:  A poorer America, a shorter life expectancy, and more people than ever dependent upon government for every necessity of their lives.  Add to this the increasing social unrest we’ve been experiencing, and what you have is a recipe for the death of America, and the premature deaths of millions of Americans.

As Anderson reminds us, Obama promised repeatedly: “If you like your health care plan, you can keep your health care plan.”  He lied:  You can’t, and you won’t.  Get ready.  With previously conservative judges like Laurence Silberman losing their minds on this case, it’s clear that only a repeal will save us from this mess.  That will only happen if we flip the Senate and get a real conservative President in 2012.  We’re literally in a fight for our lives, and the American people ought to know it.