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 Repealing obongercarewould reduce net spending by $540 billion.

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UncleFrank
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PostSubject: Repealing obongercarewould reduce net spending by $540 billion.   Sat Jan 08, 2011 4:50 am

This would be a right step forward, the politicians that not not vote for this repeal should be deamed un-American and noted that they are against the American public and dealt with by not voting for them when their re-election comes up. These politicians need to be eliminated from our legislative process. They are truely enamies of the free world.


The American Spectator

BREAKING: CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion
By Philip Klein on 1.7.11 @ 1:56PM

The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction.

Full email, from Edward "Sandy" Davis, CBO's Associate Director for Legislative Affairs, below.

To interested Hill staff:

CBO and the staff of the Joint Committee on Taxation (JCT) have not yet developed a detailed estimate of the budgetary impact of H.R. 2, the Repealing the Job-Killing Health Care Law Act, which would repeal the major health care legislation enacted in March 2010. Yesterday, we released a preliminary analysis of that legislation indicating that, over the 2012-2021 period, the effect of enacting H.R. 2 on the federal budget as a result of changes in direct spending and revenues is likely to be an increase in deficits in the vicinity of $230 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections for that period.

We have been asked to provide the revenue and direct spending components of that total. Extrapolating the estimated budgetary effects of the original health care legislation and accounting for the effects of subsequent legislation, CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections.

CBO will post a Director’s blog with this information on the CBO website shortly. Please let me know if you have any questions.

Sandy

Edward "Sandy" Davis
Associate Director for Legislative Affairs
Congressional Budget Office

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:10 am

Another total waste of the taxpayers money! It should never have been passed and should be repealed ASAP! Sooner we are rid of this crap the better off we will be!!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:23 am

I agree whole heartedly. This administration has been the worst we ever had as far as wasteful spending.They act like a bunch of out of control housewives that just found their husband's credit cards.
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:31 am

True there is no control over what the hell they are thinking and spending like there was no tomorrow,. That part might just be accurate as there will be no second round for this bunch of spendthrifts! This runaway spending where there is no control and no oversight has got to stop because there is no way to sustain this kind of greed and corruption that is rampant in our government!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:39 am

I'm hoping. We need a drastic change in government practices.
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:43 am

The only payday they understand is when they are filing for unemployment because we the taxpayers vote them out of office and they have no other way to make a living!!! Now that is down right funny!!!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 5:54 am

When they get fired from their present position in government, they should go directly to a maximum security facility for grand larceny and treason.
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Sun Jan 09, 2011 6:35 am

They need to come off the government payroll at a minimum. This is what is costing us millions of dollars each year, paying this bunch of deadbeats!!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Mon Jan 10, 2011 5:11 pm

I'm hoping that this is Boehner's agenda.
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Mon Jan 10, 2011 5:52 pm

Anything to stop the bleeding. It is time to cut the fat and lean it up a bunch!! JMHO!!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Tue Jan 11, 2011 5:00 pm

Bleeding he says, we are hemmoredging.(spelling?) GGG
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Tue Jan 11, 2011 6:23 pm

It will slow one way or another!! I think there is just another couple of years left and it will heal itself!!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Wed Jan 12, 2011 10:12 am

Our wounds will never heal until socialism and liberalism is buried. If they want that form of government then jettison californis from the Union and send them there, and then wall their country up so they can never spill into our society again. there can never be co-existence with those disgusting morfidites.
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Wed Jan 12, 2011 2:44 pm

It is swinging our way again. Like I said earlier, if we give it another two years or so to continue on the path we are on, it will be gone or we will be gone. One way or another! Don't know any other options!

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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Wed Jan 12, 2011 3:51 pm

It cant end soon enough for me. as I have gotten older, two years is no time at all. so lets have some fun and as they say let the chips fall as they may. It's good to be alive and living in this great land. Smile
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PostSubject: Re: Repealing obongercarewould reduce net spending by $540 billion.   Wed Jan 12, 2011 4:24 pm

I have no plans of going anywhere and I have told all the kids that I will be around long enough to help them pay for their raising!!! LMAO!!

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