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The Spectacle Blog
The Congressional Budget Office has estimated that the Finance Committee's health care legislation would reduce the federal deficit by $81 billion over 10 years.
The CBO said the bill's cost of $829 billion would be financed by taxes and savings, and that it would cover 29 million uninsured.
Will have more, but the bottom line is that this is good news for the Democrats because they now have a bill that they can point to that, according to the official scorekeeper, is deficit neutral and costs under $900 billion. The question is what happens when this gets merged with the more liberal and costly Senate Health, Education, Labor and Pensions Committee bill.
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Real American| 10.7.09 @ 8:25PM
of course, it doesn't really cut the deficit b/c a bunch of the medicare cuts, etc in the bill have to be approved by future Congresses and they won't be.
Yosemeti Sam| 10.7.09 @ 11:33PM
LOL.
Tidbits from Wikipedia:
http://en.wikipedia.org/wiki/C.....get_Office
Douglas W. Elmendorf - current Director of the
Congressional Budget Office - began his stint on
January 22, 2009 .
Who appoint the CBO Director?
Speaker of the HR - who just might have been
Pelosi; plus President pro tempore of the senate,
who is elected by the Senate and is customarily
the most senior senator in the majority party - Byrd ring a bell?
Non-partisan CBO - my ...!
Ellis Wyatt| 10.8.09 @ 9:18AM
On a related note, I have some ocean front property in southwest Arizona I am looking to unload at an unbelievable price, any takers?
so nice| 1.17.10 @ 4:27AM
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