The Truth is Dead
http://www.boomantribune.com/story/2012/7/25/125544/602
The Truth is Dead
by BooMan
Wed Jul 25th, 2012 at 12:55:44 PM EST
snip//
The net effect of repealing ObamaCare would be to lose $294 billion in savings and to add $109 in costs, resulting in the loss of $403 billion to the treasury. Keep in mind that the direct costs of the Iraq War were about $700 billion. We are talking about a lot of money here.
The Republicans' bill repealing ObamaCare would, if passed by the Senate and signed by the president, not only cost us in excess of $400 billion, it would deny health care coverage to 30 million Americans. And the GOP has no plan, none, to provide any relief to those 30 million Americans.
snip//
Now, I understand that it is hard to comprehend how you can give 30 million people health care coverage and wind up saving money. To understand it, you can read the CBO's report. Here's the bottom line numbers:
On net, CBO and JCT estimate, repealing the ACA would increase federal budget deficits by $109 billion over the 20132022 period. Repealing the coverage provisions discussed in this report would save $1,171 billion over that period, but repealing the rest of the act would increase direct spending and reduce revenues by a total of $1,280 billion.
For the record, the JCT is the Joint Committee on Taxation, which is
made up 5 Republicans and 5 Democrats. They co-authored the CBO report, meaning that Sens. Chuck Grassley of Iowa and Orrin Hatch of Utah, agree with these numbers. Of course, they'd never admit that out loud on television or radio or to a print journalist.
That's because, for the GOP, the truth died. Everything they say about health care is a lie.