Washington (CNN) - Legislation being pushed by House Republicans to repeal President Barack Obama's health care overhaul will add $230 billion to the federal debt by 2021, according to an analysis released Thursday by the nonpartisan Congressional Budget Office.
Democrats immediately pounced on the report, arguing, among other things, that it undermines the new GOP House majority's emphasis on fiscal responsibility.
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Keeping Obama care, the health care disaster will cost TRILLIONS upon TRILLIONS of dollars !
$230 billion looks very very small in comparison.
Oh those republicans are such deficit hawks, aren't they??? The first thing they want to do is repeal something that will reduce the deficit. Thanks tea party friends for putting this bunch of honest, bright and hard-working people into Congress.
By the way, I'd love to get paid to listen to someone read a document to me that I should have studied in junior high social studies class. Great use of my tax dollars! (file this under extreme sarcasm)
OK, so the GOP added over 800billion with the tax cut extension, now another 230 to repeal healthcare.....that's another trillion. Why aren't there any old white people yelling and spitting outside of the capital and riding around on buses, joining up in the desert? I understand you want fiscal responsibility, lower taxes, etc., but you continue to feed the racial accusations when you let the GOP slide for the things you were yelling about Reid, Pelosi, and Obama.
Now what say you? They have already lied to you about cutting 100billion, lied to you about transparency, what else do you need to see you've been played.
"Not only would repeal of health care reform add to our deficit, it would dump more than 30 million Americans from coverage who will be protected by our new health care reform act," said Sen. Richard Durbin, D-Illinois.
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Sen. Durbin's argument is pathetic at best. First of all, the Democrats said in their lies to the CBO that they could cut almost $5 trillion from Medicare in the first 20 years. Really?
And then the reform Republicans would replace ObamaCare with would also cover the 30 million Americans who he says would be 'dumped'. The difference is that they would pay for it by increasing the efficiency of our current inefficient system instead of just dumping the costs on the American taxpayer. Making a system that is too expensive even more expensive is difficult to consider 'reform' like they do with ObamaCare.
And what will it cost if we don't do anything about it and leave it as is?
but how much will it save Big Healthcare and its investors? the new "fiscal responsibility" seems to be beholden to campaign contributors rather than the electorate. This is the new sound, same as the old sound... look at the noose now, over the burning ground.
Four and the Door – It's the other way around, the CBO said to the Dems (and the GOP) how much the 'Obamacare' would save in ten years. The GOP chose to ignore it since (as usual) they 'know' more about deficit (and its causes and cure) than the CBO, regardless of how many times they are proven wrong.
So LIP and john, PA – The 'Obamacare' will save money. The current raises on premiums with the 'Obamacare' as an excuse are simply greedy acts from the insurance companies since there's NO factual and concrete reason for those raises, they just wanted to raise the premiums and used the law as an excuse (big news)...
How can any Fox viewer think they know more than the CBO?
This is from the same CBO that let Democrats say that Obamacare was a financial winner based in 10 years of revenue for only 6 years of service. I don't know anyone that does accounting that way and I am a controller.
No wonder the Republicans will no longer accept the CBO findings (all but eliminating Pay Go legislation) and instead want Americans to accept the budget numbers their own party members publish in place of the CBO.
$230 Billion to repeal, is it? To quote Sniffit in an early thread: How THRIFTY of them.
In other words, the politicians need to realize our health care is more fiscally responsible than unrealistic repeal. Speaker Boehner would actually be proposing deficit increases (nearly $200 Billion), not the decreases falsely purported to the electorate.
So instead of wasting our tax dollars on expensive "repealing" that has no chance of passing, legislators should work together on improvements for the American people.
So Marcus, estimates on Medicare and Medicaid were supposed to save money or put another way only cost millions when these entitlements were created. WHAT HAPPENED, Medicare and Medicaid now cost the tax payer billions and it’s money we don’t have, both program are broke. Obama care is a disaster from day one.
Isn't it nice how the GOP/Tea parties attack the CBO when it doesn't agree with their distorted racially-charged viewpoint. The CBO says OCare saves money, the medical profession is solidly behind the legislation, but all they can come up with is their Socilaist, birther, commie blather and harp on despite the facts. Pretty soon they'll want to outlaw "facts" saying that they weren't mentioned in the US Constitution.
"And what will it cost if we don't do anything about it and leave it as is?"
What's hard to understand about this? If it is repealed it will cost us $230B because if it is not repealed it will not cost us those $230B.
The FACT is, the GOP cites CBO constantly when the figures are convenient to their arguments and there are myriad examples, VIDEO examples, of them touting the nonpartisan objectivity and overarching sanctity of the CBO's budget predictions...even within the last 2 years whle they played games all over Congress trying to destroy Obama. The sudden turnaround/flip-floppery from the GOP and their teatarded worshippers regarding CBO's figures with respect to the ACA is just another in a long line of examples (climate change, wars in Iraq and Afghanistan, their complete and utter brainfart of an economic ideology, etc.) of them confronting inconvenient facts contrary to what they want to hear with fabrications, rationalization, excuses and even inventing conspiracy theories.
BTW, "Four," you're a prime example of it with that post. The numbers the Dems produced did not include $5T in "cuts" from the Medicare system. They planned $500B in savings via increased efficiencies over the next several years and the GOP, just like you, ran around yelling about how they wanted to "cut" Medicare by $500B. Then, of course, just like the rest of the people who make up the teatards and the GOP base, go on to take the GOP's claims that their plan will create Medicare efficiencies at face value....WITHOUT ANY CBO STUDY OF THEIR PLAN TO BACK IT UP. It's time for you and your brethren to step out of the ideological vaccuum chamber and sstart accepting the facts, evidence, and feedback beign offered by reality. For the past century, reality has been refusing to obey conservative ideological demands and yet we're still pretending there's some debate about. You'd be better served by paying attention to it all, accepting it and reqorking the conservative ideology to adapt to reality instead of continuing to insist that reality will someday obey.
Instead the childish, grandstanding waste of time of reading the Constitution before the House, why not read the Healthcare reform bill so that all House members will, at least once, be familiar with its content, rather than blindly following Boehner and the rest of the purchased GOP leadership in trying to repeal it. America, you have been fooled again. Get ready to be reamed, steamed and dry cleaned by the GOP and theri corporate masters.
230 billion vs 1/6 of our US economy (13.6 trillion yearly). your choice
While I’m on the cost of entitlement programs, here’s the fix for Social Security. Let’s put a means test on Social Security, if you did not pay in for 20 years, you get nothing out !
"I don't think anyone in this town believes that repealing Obamacare is going to increase the deficit," he said."
CBO is in DC.
"Republicans have exempted a repeal of the health care law from new rules prohibiting legislation from adding to the federal debt."
Gee. Isn't that interesting and oh so convenient? Now, I wonder, why would they feel the need to exempt repeal of the ACA from rules prohibiting legislation from adding to the debt if they're so 100% cocksure that repealing the ACA doesn't add to the debt? I say they should have to put their money where their mouths are, so to speak...but I suppose that would be too transparent, eh?
The CBO has to be the most expensive random number generator on the planet.
Our law makers don’t know what they are doing?
Repel health care cost money now we don’t need this
We need jobs
stopping obamacare save at least 1.3 T – 230 B ~ 1.07 T. who pay for it? DEM, GOP, union, left, right, ....
Is the New GOP House going to vote to repeal their own generous health care benefits? If they don't, they should sit down and shut up.
So Boo, did you pitch a fit and stomp your feet when the previous occupant of 1600 Pennsylvania claimed again & again that there are "a lot of gray areas in accounting" when he was trying to justify the first tax cuts and the finance guys were predicting that they would lead to exactly where we are today? Or did you just agree that there are a lot of gray areas? The CPA who works for my employer was horrified with flightsuit boy's lies.
I don't believe those numbers! Must be a wallstreet x-executive who is giving these numbers!!
If the Republicans want to repeal the New Health Care law then they will have to show where in the budget they are going to cut an extra $230 Billion first. Good luck with that when you can't even find $100 Billion to cut from the current budget.