Thursday, March 18, 2010

Fuzzy Math

As expected, the CBO came in with a cost of $940 billion over the next ten years as the "cost" of the health care bill. Anything more would have killed the bill, which explains the fuzzy math used.

A couple of things:

1) the "doctor fix", costing $320 billion was removed from the health care bill, and is presented in a separate bill for the sole purpose of making the health care bill look like it will only cost $960 billion. When added together, the actual cost is $1.26 trillion

2) The $940 billion figure includes $500 billion in "savings" from Medicare cuts, to be implemented only after the next presidential election, so the next president can take the heat for what this president has done. More to the point: no Congress ever has, or ever will, cut Medicare because it would be political suicide. So, those "savings" will never happen in the real world - it's only a gimmick. This raises the overall cost to $1.76 trillion - double what the CBO has stated. Unfortunately, the CBO can only make a guess based on the figures it is given - if they are given phony numbers, the result would be phony.

As if this were not bad enough, even if the $500 billion is cut from Medicare, this health care bill spends it twice! First, it says that money will be used to reduce Medicare liabilities (now at $38 trillion). It then says it will use that money to pay for OTHER programs. In either case, the Democrats are actually counting $500 billion as $1 trillion, meaning this will cost us at least an extra half trillion bucks more than the Democrats are claiming.

3) The ONLY reason the CBO estimate comes in at under a trillion dollars is because the taxes and forced revenues from the people will begin immediately, but the benefits do not start for 4 years. In other words, it takes 10 years of your taxes to pay for only 6 years of benefits. That's like buying a car today, but not being able to drive it home for 4 years. If the benefits were to cover the ten years that we will be paying for the bill, the overall cost would be increased by yet another $400 billion

4) The CBO figures also include revenues from forcing everyone in America to buy insurance. That will never happen because it is blatantly unconstitutional, and 37 states are passing laws against it. This failure in the bill could increase its cost by over a trillion - a total of over $3 trillion.

Let's add up all the real world costs, without all the gimmicks:

$940 billion
$320 billion
$500 billion
$400 billion
$1 trillion
________________
$3.26 trillion dollars

Folks, that's is almost 4 times the "estimate" that the CBO has given based on the gimmicks of the Democrat leadership.

That is what you, your children, your grandchildren and all future generations will owe, even before they are born.

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