Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« CBO Health Care Numbers Are In And Democrats Are Pleased
Bumped and Updated
| Main | Bret Baier Catches Obama In a Lie »
March 18, 2010

CBO Numbers: Smoke And Mirrors

I'm not going to pretend to be a budget wonk but aside from the fact that the CBO projections are based on the 'facts' provided to them by Democratic leadership, the Director of the CBO says this isn't a real estimate (pdf)

Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.

In other words, they don't really know yet since the bill hasn't been provided in it's final form.

Consider this little factoid from Eric Cantor's office.

Even after Dems cut $500 B in Medicare & raises taxes, their claims of deficit reduction over 10yrs won’t erase 1 month of 2010 deficit.

So even if there magical assumptions all come true (and they won't), the net reduction in the deficit is essentially zero. We're going to rework the entire health care system and if everything goes right, we won't even eliminate one month of deficits?

And just how gimmicky is this budgeting?

CBO: HC bills would cost $17 billion in first 4 years, $923 billion in remaining 6 years!

Does anyone have any faith in the numbers from the CBO for next year, let alone 5-10 years from now when the costs explode?

This is insanity.

The question is, will enough Democrats who claim to worry about the deficits drink this Kool-Aid and consider this a sufficient fig leaf to go over the cliff with Nancy? I fear the answer is yes.


digg this
posted by DrewM. at 12:41 PM

| Access Comments




Recent Comments
Ben Had: "Good morning to one and all. Today I will once ..."

Anna Puma: "Ciampino re: [i]Patriot Games[/i]. Forget the m ..."

BifBewalski [/s] [/u] [/b] [/i]: "NO! Everything else but not that. I hate when that ..."

m: "68 Zealotry short circuits introspection and empat ..."

Ciampino - Update @100: "Well somebody on an AoS blog a couple of days ago ..."

m: "65 Good morning everyone. Thank you Pixy Misa. ..."

Puddleglum, cheer up for the worst is yet to come: "[i]76 Fury as photo of Hamas victim Shani Louk's n ..."

Tonypete: "Probably mortadella or salame. Posted by: Ciampin ..."

Eromero: "Climate change is like the Terminator to the left ..."

JT: "Have a good one and stay safe Skip ! (watch out ..."

Jamaica : "Most games started at 3:10 yesterday. I don't thin ..."

Tonypete: " Should start to get out of here, hopefully a coup ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64