taichiliberal
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- Aug 11, 2010
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- #141
Where did you get those BS numbers?
The Congressional Budget Office
The CBO Rebuts Republican Claims About the Affordable Care Act
http://www.cbo.gov/ftpdocs/120xx/doc12040/01-06-PPACA_Repeal.pdf
Your number, claiming it came from the CBO... $200 billion.
There 'guesstimate'?
Your own cited source doesn't agree with you.
More on their 'guesstimate'...
The forthcoming, more-detailed estimate will also reflect changes that CBO
and JCT will make to reflect economic developments since the legislation was enacted and technical revisions to baseline projections and the previous estimate (including adjustments to reflect the passage of time and to incorporate the effects of administrative actions that have been taken to implement the laws). We cannot predict whether those changes will increase or decrease the estimated impact of H.R. 2 on federal deficits.
and a little more on their 'guesstimate'...
The projections of the bills budgetary impact are quite uncertain, both because CBO has not completed a detailed estimate of the effects of H.R. 2 and because assessing the effects of making broad changes in the nations health care and health insurance
systemsor of reversing scheduled changesrequires assumptions about a broad array of technical, behavioral, and economic factors. However, CBOs staff, in consultation with outside experts, has devoted a great deal of care and effort to the analysis of health care legislation in the past few years, and the agency strives to develop estimates that are in the middle of the distribution of possible outcomes. As a result, CBO believes that its
estimates of the net budgetary effects of health care legislation have a roughly equal chance of turning out to be too high or too low.
Essentially... the report you got your number from (via a link, to a link, to the report) goes to great lengths to explain that it is a guess, and could be much higher or much lower... AND it doesn't even match the $200 billion number you claimed you got FROM it.
You might want to actually read the report itself, instead of a link, to a link, to the report, next time.
Moron.
A reality check for our neocon/teabagger posing as a conservative, from FACTCHECK.ORG:
Rep. Michele Bachmann of Minnesota repeated a false Republican talking point about the impact of the federal health care law on jobs.
Bachmann: The CBO, the Congressional Budget Office has said that Obamacare will kill 800,000 jobs. What could the president be thinking by passing a bill like this, knowing full well it will kill 800,000 jobs?
The CBO never said that. The CBO has said the law would have a "small" impact on employment, mainly by reducing the amount of labor Americans decide to supply. In other words, some workers will choose to work less, or retire earlier, because of the health care law. Their jobs wouldn't be killed.
CBO first explained its analysis in August 2010, saying the health care law would "reduce the amount of labor used in the economy by a small amountroughly half a percentprimarily by reducing the amount of labor that workers choose to supply." In February testimony to Congress, CBO Director Douglas Elmendorf acknowledged to Republican Rep. John Campbell that "half a percent" of the estimated workforce at the end of this decade would be equal to 800,000 workers. But again, he didn't say that those jobs would be killed. Elmendorf talked about a "reduction in the labor used."
Why would some Americans choose to work less? CBO has explained that those with low incomes would have more financial resources due to the expansion of Medicaid and subsidies to purchase health insurance. "Those additional resources will encourage some people to work fewer hours or to withdraw from the labor market," CBO said. Plus, some workers nearing retirement will retire earlier than normal because the law provides more protections for health insurance, such as limiting how much more companies can charge older persons and requiring the coverage of preexisting conditions.
The CBO did say that some companies would hire fewer low-income employees because of a requirement that businesses provide insurance or pay a penalty. Those businesses could hire part-time or seasonal employees in lieu of full-time low-wage workers. CBO didn't put a number on that. Nor did it estimate how many jobs might be added in the health care and insurance sectors because of the law's expansion of the insured.
Republicans have repeatedly twisted the CBO's, and Elmendorf's, words on this point.
GOP New Hampshire Debate | FactCheck.org