Harry Reid's bill to reduce deficit

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Elliot Stabler

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Senate Majority Leader Harry Reid's (D-NV) health care reform proposal will cost $849 billion over 10 years but cut the deficit by about $127 billion, Roll Call reports.

The CBO cost estimate also concluded that the health care reform bill would help more than 94 percent of Americans get health insurance coverage and reduce the rolls of the uninsured by 31 million people.

http://politicalwire.com/archives/2009/11/18/reids_bill_scored_well.html


I sure am happy to see this. I would also like to know what took so long
Nov 18, 2009 5:32pm
fish82's avatar

fish82

Senior Member

4,111 posts
Elliot Stabler wrote: Senate Majority Leader Harry Reid's (D-NV) health care reform proposal will cost $849 billion over 10 years but cut the deficit by about $127 billion, Roll Call reports.

The CBO cost estimate also concluded that the health care reform bill would help more than 94 percent of Americans get health insurance coverage and reduce the rolls of the uninsured by 31 million people.

http://politicalwire.com/archives/2009/11/18/reids_bill_scored_well.html


I sure am happy to see this. I would also like to know what took so long
The libs have spent 6 months deciding if their balls are big enough to own this shitpile 100%. That's what took so long.
Nov 18, 2009 6:37pm
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Dog99

Member

35 posts
fish82 wrote:

The libs have spent 6 months deciding if their balls are big enough to own this shitpile 100%. That's what took so long.
Cutting the deficit is bad now?
Nov 18, 2009 6:44pm
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Cleveland Buck

Troll Hunter

5,126 posts
I've got some swampland in Florida for sale for anyone gullible enough to believe this reduce the deficit.
Nov 18, 2009 6:51pm
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Dog99

Member

35 posts
Sounds good. I'll build a theme park on it and make millions.
Nov 18, 2009 6:53pm
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majorspark

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5,122 posts
Elliot Stabler wrote: Senate Majority Leader Harry Reid's (D-NV) health care reform proposal will cost $849 billion over 10 years but cut the deficit by about $127 billion, Roll Call reports.

The CBO cost estimate also concluded that the health care reform bill would help more than 94 percent of Americans get health insurance coverage and reduce the rolls of the uninsured by 31 million people.

http://politicalwire.com/archives/2009/11/18/reids_bill_scored_well.html


I sure am happy to see this. I would also like to know what took so long
We have been sold this bill of goods before. Name for me one major federal social program that has not exceeded its initial cost projections.

Lets take medicare, federally managed health insurance for a certain group of our population. Here are some past initial projections made by congress and the CBO and the cost overuns.
In fact, every federal social program has cost far more than originally predicted. For instance, in 1967 the House Ways and Means Committee predicted that Medicare would cost $12 billion in 1990, a staggering $95 billion underestimate. Medicare first exceeded $12 billion in 1975. In 1965 federal actuaries figured the Medicare hospital program would end up running $9 billion in 1990. The cost was more than $66 billion.

In 1987 Congress estimated that the Medicaid Special Hospitals Subsidy would hit $100 million in 1992. The actual bill came to $11 billion. The initial costs of Medicare's kidney-dialysis program, passed in 1972, were more than twice projected levels.

The Congressional Budget Office doubled the estimated cost of Medicare's catastrophic insurance benefit—subsequently repealed—from $5.7 billion to $11.8 billion annually within the first year of its passage. The agency increased the projected cost of the skilled nursing benefit an astonishing sevenfold over roughly the same time frame, from $2.1 billion to $13.5 billion. And in 1935 a naive Congress predicted $3.5 billion in Social Security outlays in 1980, one-thirtieth the actual level of $105 billion
http://article.nationalreview.com/?q=MTM5NGNmZDc3OGIxYTMwMTlkZTQzNTJlMmU5ZTg5MjI=
Nov 18, 2009 7:39pm
tk421's avatar

tk421

Senior Member

8,500 posts
If this pile of shit cuts the deficit, I'm Elvis Presley. Anyone who honestly believes this is fooling themselves.
Nov 18, 2009 7:50pm
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tk421

Senior Member

8,500 posts
I think EVERY politician lies, it doesn't matter if they are D or R. I wouldn't believe a Republican who came up with this bill and said it would lower the deficit, either. I don't trust a word any of them say.
Nov 18, 2009 8:09pm
Writerbuckeye's avatar

Writerbuckeye

Senior Member

4,745 posts
Dog99 wrote:
fish82 wrote:

The libs have spent 6 months deciding if their balls are big enough to own this shitpile 100%. That's what took so long.
Cutting the deficit is bad now?
The ONLY sure way to cut the deficit is to cut SPENDING. The only spending cuts in this bill are likely to Medicare programs. So IF the Dems are trimming anything here it's going to be on the backs of senior citizens in the form of denied care.

Creating a new program isn't going to cut anything -- and as the discussions on this bill progress, I am willing to bet figures get revised to more than $1.2 trillion.

Anyone who believes Reid's bill will actually end up cutting costs is a damn fool.
Nov 18, 2009 8:24pm
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CenterBHSFan

333 - I'm only half evil

6,115 posts
Major,

Your post is outstanding and bears repeating, I hope you don't mind!

In fact, every federal social program has cost far more than originally predicted. For instance, in 1967 the House Ways and Means Committee predicted that Medicare would cost $12 billion in 1990, a staggering $95 billion underestimate. Medicare first exceeded $12 billion in 1975. In 1965 federal actuaries figured the Medicare hospital program would end up running $9 billion in 1990. The cost was more than $66 billion.

In 1987 Congress estimated that the Medicaid Special Hospitals Subsidy would hit $100 million in 1992. The actual bill came to $11 billion. The initial costs of Medicare's kidney-dialysis program, passed in 1972, were more than twice projected levels.

The Congressional Budget Office doubled the estimated cost of Medicare's catastrophic insurance benefit—subsequently repealed—from $5.7 billion to $11.8 billion annually within the first year of its passage. The agency increased the projected cost of the skilled nursing benefit an astonishing sevenfold over roughly the same time frame, from $2.1 billion to $13.5 billion. And in 1935 a naive Congress predicted $3.5 billion in Social Security outlays in 1980, one-thirtieth the actual level of $105 billion
Nov 18, 2009 8:37pm
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eersandbeers

Senior Member

1,071 posts
Dog99 wrote:
fish82 wrote:

The libs have spent 6 months deciding if their balls are big enough to own this shitpile 100%. That's what took so long.
Cutting the deficit is bad now?

How'd that Cash for Clunkers work out?
Nov 18, 2009 8:40pm
E

Elliot Stabler

Banned

388 posts
fish82 wrote:
Elliot Stabler wrote: Senate Majority Leader Harry Reid's (D-NV) health care reform proposal will cost $849 billion over 10 years but cut the deficit by about $127 billion, Roll Call reports.

The CBO cost estimate also concluded that the health care reform bill would help more than 94 percent of Americans get health insurance coverage and reduce the rolls of the uninsured by 31 million people.

http://politicalwire.com/archives/2009/11/18/reids_bill_scored_well.html


I sure am happy to see this. I would also like to know what took so long
The libs have spent 6 months deciding if their balls are big enough to own this shitpile 100%. That's what took so long.
I was referring to the CBO taking so long
Nov 18, 2009 9:00pm
E

Elliot Stabler

Banned

388 posts
The house bill didnt take half this long to grade
Nov 18, 2009 9:06pm
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Cleveland Buck

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From what I heard they are counting on us having like 5% or 6% economic growth per year to project how much revenue these new taxes will bring in, which is ridiculous. It's been many years since we had that kind of growth, and this president and Congress will never see anything close to it. If you factor in more realistic revenue projections and also factor in how many people will be forced on to the government option, this thing will cost untold trillions of dollars. It is a joke. And I also agree that it should be a crime for these clowns to push these numbers around like they are fact.
Nov 18, 2009 10:04pm
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2trap_4ever

Member

38 posts
November 2, 2010

The date the American people can tell the majority of these congressmen and congresswomen what we think of this health bill and the way they have spent our money.
Nov 18, 2009 11:17pm
E

Elliot Stabler

Banned

388 posts
^^^

To be completely honest with you..

I wouldn't be suprised to see the Dems pick up atleast 2 seats in the Senate

Here would be an interesting question:

If,and that is a big If,Harry Reid loses his Senate seat,who will be the next Senate Majority Leader for the Democrats?
Nov 18, 2009 11:48pm
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tk421

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If somehow Reid and Pelosi were to lose their seats, I'd throw a party. That would be a great day.
Nov 19, 2009 1:20am
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majorspark

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5,122 posts
tk421 wrote: If somehow Reid and Pelosi were to lose their seats, I'd throw a party. That would be a great day.
Harry Reid is toast. Pelosi, don't get you party hat out.
Nov 19, 2009 1:32am
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BoatShoes

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5,703 posts
Cleveland Buck wrote: From what I heard they are counting on us having like 5% or 6% economic growth per year to project how much revenue these new taxes will bring in, which is ridiculous. It's been many years since we had that kind of growth, and this president and Congress will never see anything close to it.
Where did you hear this? I just read both the CBO's letter to harry reid and the Joint Committee on Taxation's report and I could find nothing in either of them about projected economic growth.
Nov 19, 2009 6:37am
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oldtriple

Member

47 posts
Maybe I am not very good at math but what is the big deal that the deficit is being reduced? Let me individualize my point. Lets say my annual income is $50K and I earn that every year until I die. Does it really matter if my annual expenses every year are $60K or $100K? No it does not matter how big my deficit is every year because I will never be able to pay off my debt. This same principle applies to nations. Does it matter whether the deficit is $600 billion or $2 trillion? As long as expenditures exceed revenue this country is screwed either now or later because a deficit continues to add to the national debt. A debt it appears we will never be able to retire particularly at the rate we are going.

Oh, and I definitely agree with the statemenst above regarding when was the last time a government social program came in under budget/projections?
Nov 19, 2009 8:29am
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derek bomar

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3,722 posts
We're never going to pay off the debt unless you raise taxes on everyone and cut the military and entitlements
Nov 19, 2009 8:31am
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Manhattan Buckeye

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7,566 posts
The baby boom generation's governments may have put us in a hole we will never get out of, if nothing else young people should pay attention to see that government is incapable of budgeting itself because it lacks the initiative (and in fact is discouraged) to save money during the good times and lacks the political will to cutback in bad times. I'm not optimistic that they will pay attention, or the future of this country as a whole.

Reid's "magna carta" now includes a 5% tax on certain services such as elective cosmetic surgery, which opens up a new can of worms about which services should now be taxed. How is me getting a mole removed worthy of a 5% tax when the charge I pay for a contractor to replace our back door isn't? People are joking about this being a "Pelosi facelift tax" but it could potentially affect a lot of procedures that could have a medical benefit but aren't deemed to be necessary.
Nov 19, 2009 10:58am
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tcby99

Senior Member

328 posts
tk421 wrote: If somehow Reid and Pelosi were to lose their seats, I'd throw a party. That would be a great day.
wouldn't we all.
Nov 19, 2009 12:11pm