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Well, well, well. Who didn't know this would happen? Obama is clearly not happy with the CBO totally destroying his credibility on the issue of cost in his/congress HC overhaul. It appears they will now question whether the CBO is stepping beyond it's bounds.
Epic fail.
Who would/should you believe? The CBO's numbers were much closer to reality regarding the stimulus than obama's "rosy scenario" garbage.
WASHINGTON (CNN) — The White House has criticized the Congressional Budget Office's findings that the Obama administration's proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
White House Budget Director Peter Orszag said the CBO's analysis — which it relayed to House Majority Leader Steny Hoyer on Saturday — could feed a perception of the office's bias toward "exaggerating costs and underestimating savings."
"The point of the proposal … was never to generate savings over the next decade," Orszag said in a letter posted on Saturday.
Obama is on a seek and destroy mission for all those who criticize and point out what an absolute fraud he is with his rhetoric that just doesn't add up.
Quote:
Now, however, the White House has dispensed with the illusion of bullying and made it as overt as possible. This makes the intent of the earlier meeting crystal clear. They had hoped to intimidate Elmendorf in private, and since that didn’t work, they’re now doing it openly.
Nor is that the only instance of OMB overstepping its authority to interfere with the CBO. Orszag unexpectedly showed up at an April scorekeeping meeting regarding the controversial IMF funding demanded by the White House, which Politico reported at the time:
Well, well, well. Who didn't know this would happen? Obama is clearly not happy with the CBO totally destroying his credibility on the issue of cost in his/congress HC overhaul. It appears they will now question whether the CBO is stepping beyond it's bounds.
Epic fail.
Who would/should you believe? The CBO's numbers were much closer to reality regarding the stimulus than obama's "rosy scenario" garbage.
Obama is on a seek and destroy mission for all those who criticize and point out what an absolute fraud he is with his rhetoric that just doesn't add up.
Benefits "not seen" is funny... its like saying I am making things up and I hope you go along with it... Neither the OMB or CBO is right, but the "more" accurate between the two is CBO... they don't mess with made-up numbers...
The Medicare Trustees' Annual Report released earlier this year projects Medicare's excess costs to be $85.6 trillion.[1] This amount is six times the U.S. econ*omy in 2007. Worse, as the Trustees' Report suggests repeatedly, by rule their analysis reflects a badly flawed assumption and so their calculations understate the magnitude of the problem.[2]
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Cost Creep (http://www.ibdeditorials.com/IBDArticles.aspx?id=323995763436905 - broken link)
Quote:
No program is more illustrative of the first rule than Medicare.
When it was created in 1965, government actuaries projected that the hospital portion of the program would cost only $9 billion by 1990. The real cost: $66 billion. That's 165% higher than the initial increase, even after adjusting for inflation.
Officials also missed on their estimate for the cost of all parts of the Medicare program in 1990. That price tag: $107 billion, nearly 10 times the amount ($12 billion) that the House Ways and Means Committee had projected 25 years earlier.
Please, expand your horizons so you know WTH you are talking about.
Well, I'd try looking at facts instead of rightwing propaganda.
Those are the correct statistics and facts. Can you refute them? Of.course.not.
Back to the books for you.
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IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Cost Creep (http://www.ibdeditorials.com/IBDArticles.aspx?id=323995763436905 - broken link)
Please, expand your horizons so you know WTH you are talking about.
Medicare is far more cost-effective than the private-sector healthcare disaster we have.
And again, try using credible sources.
It's problems (illusionary) have been created by regan-era policies which cut money going into the programs.
And, of course, states (like SC) that spend cash to keep people from getting health care.
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