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The Spectacle Blog
The Congressional Budget Office produced this clear graph on the budgetary effects of Obamacare. The left-hand scale is billions of dollars.
“Net Changes in Other Revenues” means, generally, tax increases.
“Net Changes in Other Spending” is mostly cuts to
Medicare.
This chart represents the absolute best-case scenario that Democrats could present to the CBO for scoring. In all likelihood, the Medicare cuts (the medium-blue lines) will not materialize.
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More Blog Posts by Joseph Lawler
http://spectator.org/blog/2011/03/30/obamacare-cost-in-one-chart
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Oldefarte| 3.30.11 @ 3:50PM
Common sense dictates that Medicare has to be dissolved if their WELFARECARE is ever to succeed, by transferring the governmental expendatures from the former to the latter. With the downsizing/destruction of the recipients only becoming eligible at age 65, WELFARECARE will eventually represent the income producing taxpayers providing the welfare receiving indigents with free health insurance coverage!!!!!
CalMark| 3.30.11 @ 5:29PM
Obamacare decreases the deficit ten years from now? You mean we can predict ten years in the future?
Gimme a break. Socialized medicine has broken the bank in every country where it's tried. As for how those Obaminions at CBO cook their books, I have only one comment:
"Figures don't lie, but liars figure." --Mark Twain.
Spanky McGee| 3.31.11 @ 3:38AM
"According to our latest comprehensive estimate of the legislation, the net effect of changes in direct spending and revenues is a reduction in budget deficits of $210 billion over the 2012-2021 period."
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