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Health/Medical Title: CBO Analysis: 2014 is When the Real Obamacare Excrement Will Hit the Fan CBO Analysis: 2014 is When the Real Obamacare Excrement Will Hit the Fan March 14, 2012 The Congressional Budget Office says that Obamacare is gonna cost twice what he told us. The magic number for Obamacare was a trillion dollars. They had to keep that number under a trillion dollars in order to get it passed. I'm not gonna revisit why and I'm not gonna go back through all the details and the minutia and the arm twisting and the games they were playing to get Obamacare passed because they eventually got it passed. They tried toying around with the idea "deeming" it to have been passed, not even voting on it, a number of things. But it eventually got passed. One of the reasons they were able to get it passed was the price tag had to be under a trillion dollars. It's a brand-new entitlement. We were already accumulating mountains of new debt thanks to Obama's stimulus. And for some reason the magic number was $1 trillion. Well, the reason was the Iraq war cost about a trillion dollars. So the selling point from the Democrats was that it wasn't gonna spend any new money. "We're just gonna get out of Iraq; we're gonna stop fighting the Iraq war. We're gonna take that money and put it where it really matters: Health care, affordable health care for all Americans!" And that's how they brought recalcitrant Democrats on board. It is how they lied to the American people and said, "Basically Obamacare is gonna be a wash. We're just gonna cancel the Iraq war, which is costing about trillion dollars and replace it with Obamacare, which is $900 billion." And at the time, for those of you who were here, we told you that it was a bogus number, that there was no way it could come in at $900 billion. And that the CBO could only score what Congress members gave them. CBO cannot make assumptions. The Congressional Budget Office can only score the cost of legislation based on the input or the data that they are given from members of Congress. Of course, it's "garbage in, garbage out." The data was flawed, and here's the proof: "President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law. Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost 'around $900 billion over 10 years.'" It had to be under a trillion. That was the magic number. So, again, to explain the implementation trick: You have a ten-year piece of legislation. The tax increases would happen immediately. The moment the bill was signed, the tax increases would start. Now, theoretically, revenue thus collected would pour into the Treasury. The spending side of Obamacare or the benefits side -- (chuckles) which is laughable -- was delayed for four years, 2014. There were two reasons for that. One of the reasons was by 2014, Obama's no longer accountable. He's not running for election again at 2014. He's either been defeated or he's been reelected. He's either in office in his second term or out of office when the real excrement hits the fan. And 2014, if it isn't repealed, is when the real excrement is going to hit the fan. And that was put off. That was delayed for four years so that the excrement wouldn't hit the fan at the time of the vote or during Obama's reelection, and also to allow four years of tax collections to be measured against only six years of spending on the benefits side. That is how they kept it under a trillion dollars. That was the... It's not even an "accounting trick." It was... Ah, guess you could call it an accounting trick. Basically it was a game that was being played to allow the cost of Obamacare to come in at under a trillion dollars. Because if at the same time the bill is signed into law and the tax collections start the benefits or spending side started, we'd have ten years of spending that we would have to measure, not six. And thus that $940 billion would have been what we were told yesterday it's going to cost. All that's happened here, folks, is that the CBO has essentially said, "Here's the cost of Obamacare if it all implements at the same time." That is not technically what happened here. What they have found is that the spending side is going to be far more costly than anybody ever knew, which (wink, wink) it always is. You can go back and look at any liberal social program you want. You can look at the Great Society, the War on Poverty, AFDC, food stamps -- any program -- and it always costs far more than what we're told when the legislation is signed. It never costs less. It never costs the same, major entitlement legislation like this. So yesterday "the CBO released new projections from 2013 extending through 2022, and the results are as [we] critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned" from $940 billion "to $1.76 trillion." It's almost doubled, and, "That's because we now have estimates for Obamacare's first nine years of full implementation," the tax-collections and the spending/benefits, "rather than the mere six when it was signed into law. "Only next year will we get a true ten-year cost estimate," This is still not the full cost estimate. This is nine years of spending implementation instead of six. That's "if the law isn't overturned by the Supreme Court or repealed by then. Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion" for Obamacare in its first 10 years "or more than double what Obama advertised." And, by the way, I'm gonna be blunt: What Obama advertised was a knowing falsehood. What Obamacare and every proponent said about this was knowingly false. They knew it was going to cost more than $940 billion. They knew it because they had to delay the spending by four years to get it under a trillion dollars. They knew! Once again the American people were (I'll be charitable) "misled" about the true cost. And you will then learn later on that you were misled about every aspect of this. You will not be able to keep your doctor. You will not be able to keep your plan. Your plan isn't going to exist! Your plan is gonna go out of business because your employer is going to off-load your benefit. He's gonna off-load it to whoever can take it. If Obama gets his way, there will not be alternative private sector health insurance businesses. They'll be out of business. The only place you'll be able to go is one of these state exchanges where you will put into a giant pool with everybody else that essentially will be run from Washington. That's what's ahead of us. And with a $2 trillion cost instead of $940 billion, you can imagine what tax rates will do, given the way Democrats operate. This is the greatest single excuse to raise taxes they've had in I don't know how long. They are salivating over this. This news does not make them unhappy. It might bother 'em from an election standpoint, but in the real world, they're ecstatic with this news. This equals an automatic tax increase, and they think you have no choice but than to agree with it.
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#1. To: CZ82 (#0)
It looks like Rush forgot this part of the CBO analysis. But why should anyone expect honesty and integrity from Rush Limpballs? http://cbo.gov/publication/43080 CBO and JCT have previously estimated that the ACA will, on net, reduce budget deficits over the 2012-2021 period; that estimate of the overall budgetary impact of the ACA has not been updated.
#2. To: NewsJunky (#1)
And what is your point???? Nothing in the link you provided refutes what he said...... "that amount represents a gross cost to the federal government of $1,762 billion"......
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