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Old 06-05-2014, 05:08 PM
 
7,846 posts, read 6,389,327 times
Reputation: 4025

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Quote:
Originally Posted by Crossfire600 View Post
Obummer is such a train wreck it's not even funny anymore. He has literally destroyed this country in 5 years what took over 200 to build. He's a blooming idiot.

Gun running
IRS
Benghazi
The VA
ObummerCare
Widen wealth gap more than any Prez in history
Unauthorized war

Freaking unbelievable
The country seems to be doing just fine. I believe the DOW just hit a record high today, unemployment ticked down again, and we are tapering out of these wars.
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Old 06-05-2014, 06:13 PM
 
Location: Alaska
7,448 posts, read 5,714,718 times
Reputation: 4832
Quote:
Originally Posted by AeroGuyDC View Post
This is a very big deal considering that deficit-neutral/deficit reducing was a major selling point.
This came from Obama's mouth so nobody believed it which makes everything ok.
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Old 06-05-2014, 06:22 PM
 
2,672 posts, read 2,712,519 times
Reputation: 1041
If your a Tea Partier Obama has you covered. There will be more money for Tricare, more money for VA and the cuts to Medicare Part C have been delayed. Ok so the ACA isnt saving money but you still have your Medicare Advantage thanks to Obama. Dont some of you feel embarrassed about complaining about government spending when you are at the trough?
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Old 06-05-2014, 06:29 PM
 
Location: Los Angeles
14,361 posts, read 9,766,652 times
Reputation: 6663
Quote:
Originally Posted by Opin_Yunated View Post
The country seems to be doing just fine. I believe the DOW just hit a record high today, unemployment ticked down again, and we are tapering out of these wars.
Is that your benchmark for "doing fine?"

-1/3rd of 18-35 year olds are now living with their parents.
-student loan debt has eclipsed credit card debt, and these students can't find a job.
-record food stamp recipients
-worst job participation rate since Carter.
-a growing lower class (we didn't promise good paying jobs-Biden)
-a widening wealthy class (the top 1% of the top 1% grew their wealth, while the middle class lost theirs <<<this didn't even happen after the great depression!)
-the country has been racially divided more than at any time since the civil rights movement. This WITH the first black president in office.


Thank God they're devaluing the dollar by pumping the markets with fiat currencies, creating new bubbles, and the market has been going up as a result.

The bar has definitely been lowered on what defines "doing fine"

Quote:
Originally Posted by borregokid View Post
If your a Tea Partier Obama has you covered.
sigh
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Old 06-05-2014, 06:54 PM
 
11,086 posts, read 8,522,995 times
Reputation: 6392
O is a one-man wrecking ball.

Either he's the stupidest guy who ever lived, or he's planning on leaving scorched earth in 2016.
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Old 06-05-2014, 07:21 PM
 
29,939 posts, read 39,401,256 times
Reputation: 4798
Quote:
Originally Posted by Fancy-Schmancy View Post
Many of those '30 million' live in states where the GOP governor and/or legislatures refused to implement the program...largely for political reasons.

Love how the GOP take something they are failing to do and make it everyone else's problem.
Uh huh...

Despite the substantial projected increases in insurance coverage under the ACA, CBO and JCT estimate that in 2024, 31 million people, or roughly one in nine non- elderly U.S. residents, will be without health insurance (see Figure 1). In that year, about 30 percent of those uninsured people are expected to be unauthorized immi- grants and thus ineligible either for exchange subsidies or for most Medicaid benefits; about 5 percent will be ineligible for Medicaid because they live in a state that has chosen not to expand coverage; about 20 percent will be eligible for Medicaid but will choose not to enroll; and the remaining 45 percent will not purchase insurance to which they have access through an employer, an exchange, or directly from an insurer.

http://www.cbo.gov/sites/default/fil..._Estimates.pdf
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Old 06-05-2014, 11:01 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,278,891 times
Reputation: 7627
Quote:
Originally Posted by ambient View Post
Actually, all the article says is that the CBO can no longer say HOW MUCH it will cut the deficit. The CBO still believes that it WILL cut the deficit. They just can't say by HOW MUCH:

"...CBO continues to maintain, however, that many of the provisions of the law other than the insurance coverage and subsidies – will “on net” reduce budget deficits in the future. The law created 21 tax hikes, limits to deductions, tax credits, tax breaks, and other changes that will raise revenue and defray the cost of the government subsidies..."

Ken
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Old 06-05-2014, 11:29 PM
 
Location: San Francisco, CA
15,088 posts, read 13,423,185 times
Reputation: 14266
Quote:
Originally Posted by LordBalfor View Post
Actually, all the article says is that the CBO can no longer say HOW MUCH it will cut the deficit. The CBO still believes that it WILL cut the deficit. They just can't say by HOW MUCH:

"...CBO continues to maintain, however, that many of the provisions of the law other than the insurance coverage and subsidies – will “on net” reduce budget deficits in the future. The law created 21 tax hikes, limits to deductions, tax credits, tax breaks, and other changes that will raise revenue and defray the cost of the government subsidies..."

Ken
Coming from the government, that really inspires a lot of confidence.

We have no way to rationally assess how this thing will work out, but trust us, we think it may end up being ok...
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Old 06-06-2014, 07:12 AM
 
14,293 posts, read 9,659,141 times
Reputation: 4254
Quote:
Originally Posted by borregokid View Post
If your a Tea Partier Obama has you covered. There will be more money for Tricare, more money for VA and the cuts to Medicare Part C have been delayed. Ok so the ACA isnt saving money but you still have your Medicare Advantage thanks to Obama. Dont some of you feel embarrassed about complaining about government spending when you are at the trough?
How blind are you? We might be able to keep our Medicare Advantage plan, "thanks to Obama???" Why should the president have any say in whether we keep a health care plan or not, that's the point you are missing.

It's not the job of the president to look at the products and services we want, and decide "gee, I don't like them," and then take them away.

The ACA is reducing the reimbursement rates to these Part C plans, and some of them are dropping services like dental plans in return, or increasing co-pays.

Medicare Advantage Cuts in the Affordable Care Act: April 2014 Update | Research | American Action Forum

On April 7, the Centers for Medicare and Medicaid Services (CMS) announced payment formulas that will cut payments to Medicare Advantage (MA) Plans in 2015. These include already-scheduled cuts legislated in the Patient Protection and Affordable Care Act (ACA), as well as regulatory decisions that also affect these rates

Overall, the cuts average about $317, or 3.07 percent, per Medicare Advantage enrollee compared to the rates in effect for 2014.

The ACA cuts to Medicare total $716 billion between 2013 and 2022.

There is substantial variation geographically, as shown in Table 1, which gives the both comparisons for each state (as well as D.C. and Puerto Rico). Relative to 2014, cuts range from cuts of -6.7 percent, or -$770 per year (DC) and -5.4 percent, or -$629 (Louisiana) to slight gains in just two states (+0.03 percent or $2.66 per year in Alaska, +1.9 percent or $201 in Connecticut) and Puerto Rico (+2.1 percent, or $126). The national average was a cut of 3.07 percent, corresponding to $317 per year.
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Old 06-06-2014, 07:31 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,278,891 times
Reputation: 7627
Quote:
Originally Posted by ambient View Post
Coming from the government, that really inspires a lot of confidence.

We have no way to rationally assess how this thing will work out, but trust us, we think it may end up being ok...
First off, they'll have a new set of revised numbers that are more specific within a couple of months (once they've had a chance to analyze the data a bit more).

Secondly, in regards to the deficit, the trend over the last couple of years is for the CBO to err on the side of caution which has resulted in the deficit actually falling much faster than the CBO has predicted. That's been a pretty consistant trend. If the CBO is falling into that pattern again this time around then the deficit numbers will actually turn out to be BETTER than the CBO has predicted.

In the final analysis no one knows the future so we'll just have to wait a bit a see, but the fact that the CBO has backed off it's specific deficit reduction numbers is not necessarily an indication that the deficit won't end up being reduced by Obamacare. It could even end up reducing the DEFICIT MORE than originally predicted (as I said, the CBO has tended to underestimate the amount of deficit reduction of the last couple of years).

In any event, we'll know soon enough.

Ken
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