Sloop wrote:PST wrote:You most certainly lost all credibility with me, Sloop. You are pretending not to understand what NateS is saying, and you are ignoring the obvious. The CBO estimates costs for 10 years out. As time passes, the meaning of 10 years out changes. A year in which the program was not yet in effect dropped off the front, and a year when it was fully in effect got added to the end. To try to convince people that this was all a substantive shift in estimates is purely cynical.
I really don't believe I am the one with the credibility problem PST. How do you explain this?
President Obama's landmark healthcare overhaul is projected to cost $1.76 trillion over a decade, reports the Congressional Budget Office, a hefty sum more than the $940 billion estimated when the healthcare legislation was signed into law. To put it mildly, ObamaCare's projected net worth is far off from its original estimate -- in fact, about $820 billion off. Backtracking to his September 2009 remarks to a joint session of Congress on healthcare, Obama asserted the following: "Now, add it all up, and the plan I'm proposing will cost around $900 billion over 10 years -- less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration."
Oh wait -- I get it. Using your CBO rule,
the 11th year of Obamacare will cost us a tidy sum of $820 Billion. Such a deal. That makes it even worse than what you tried to pan off.
http://news.yahoo.com/cbo-obamacare-pri ... 00655.html
I really don't need to explain the remarks of a "freelance journalist" on the Yahoo! Contributor Network. That is just a place anyone in the world can publish what he wants. I assume that this guy, unlike us, doesn't have sleep apnea, and therefore cannot take advantage of CPAPtalk as his platform for discussing healthcare legislation.
However, my explanation is that the guy you have chosen to rely on rather than look at the original sources yourself is so misleading that I would call it lying. Look at what he does. First, he cites the President's speech from September 2009 estimating the cost for the next
10 years, which would be 2010 to 2019. The speech was given six months before the bill passed, and thus well before Congress put it in final form, so it would not upset me much if the President's estimate wasn't spot on. But what does he compare it to? The CBO estimate for the
11-year period 2012 to 2022. Follow his citation. The report he refers to is at
http://cbo.gov/sites/default/files/cbof ... imates.pdf, Table 2, so you can see for yourself. He's not even comparing the same number of years! I don't know any way one could regard that as honest. He's added three years from after the full plan kicks in -- 2020, 2021, and 2022 -- and then claimed that it means the cost is growing wildly.
That's my explanation. Scoop, how do you explain your assertion that $820 billion is a one-year price tag. Perhaps you would like to use real sources next time instead of putting your trust in a trickster and passing his misinformation on to us without looking to see how he derived it.