Quote:
Originally Posted by zimmy
The "gutting" of 716 billion is favored by both sides and I am not sure it is accurate that it is to help pay for Obamacare. Adjustments in payments to insurers and providers is supposed to cover those costs. I agree, as I have said repeatedly on here over the years, that it is going to take tax increases and cuts in spending to deal with the deficit. What sacrifices are made is the question. Obama would moderately raise taxes on the top 1% to where they were prior to Bush 2. He would maintain middleclass rates. Romney likes the Ryan plan, which would astronomically lower taxes for the extremely wealthy and the middle class would pay more in taxes and more for health care/medicare. The Obama health law pays for itself and reduces the deficit and, as the CBO has pointed out, if Republicans overturn it it will add $100+ billion to the deficit. That is why I find the argument that Romney and Ryan will lower everyones taxes, get people off of food stamps, and "restore" the by the people, for the people to be a farse.
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amazing that you can roll out so much hyperbole and then refer to anything as a "farce"
you would have been great fun during the Revolution, I suppose you would have deemed that whole "by the people, for the people"...thingy..."to be a farse" then as well...
CBO: Obamacare Will Spend More, Tax More, and Reduce the Deficit Less Than We Previously Thought - Forbes
http://washingtonexaminer.com/cbo-to...rticle/2503013
"The first impact of ObamaCare on the economy is its ever rising price tag. The revised cost estimates for the first full 10 years of ObamaCare is now $2.6 trillion***, almost three times the $900B President Obama had promised it would cost. This soaring cost, however, is only what government will be spending, not the additional costs of compliance borne by the private sector.
The second economic impact of ObamaCare is all the taxes that will need to be raised to pay for this rising cost. There's a list of these new taxes at The Daily Ticker, along with an informative 4 ½-minute video interview of Henry Blodget explaining them (which actually has a bit of humor in it). But it's not only businesses and the investor class that will pay ObamaCare's new taxes; the middle class will also get hit.
The third impact on the economy from ObamaCare is regulation. Bureaucrats have already written 13,000 pages of new regulations, and they're just getting started. This has business in a state of paralysis: what are these unelected, unaccountable regulators going to dump on me next? There's also the issue of whether the regulators know what they're doing.
At Reason, Peter Suderman writes:
As part of a multipart study of the law's regulations, Christopher Conover, a health policy researcher at Duke University's Center for Health Policy and Inequalities Research, and Jerry Ellig, a senior research fellow at the Mercatus Center, looked at eight of ObamaCare's major regulations and found that "that the regulatory impact analyses (RIAs) for these regulations were seriously incomplete, often omitting significant benefits, costs, or regulatory alternatives." ... The authors also conclude that the analyses were also "more likely to understate the magnitude of costs than to overstate them. All eight regulations appear to have understated the costs. In some cases, costs are understated by billions of dollars. The net effect of this pattern is to further contribute to the bias favoring regulation." Regulators who've decided to pursue certain rules have probably already decided that those rules are a good idea, and end up using the required analyses mostly to justify what they're already planning to do."
****I don't know if this is more or less accurate than any of the other numbers out there but based on the "vector"...it will be accurate at some point at least briefly
