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Old 07-26-2009, 03:56 PM
 
Location: Chicagoland
41,313 posts, read 41,134,525 times
Reputation: 7108

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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.

CNN Political Ticker: All politics, all the time Blog Archive - White House: CBO ‘overstepped’ in its analysis « - Blogs from CNN.com

Quote:
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:
Typical, classic chicago-style, thuggish politics.

Whom do you trust?
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Old 07-26-2009, 04:03 PM
 
4,465 posts, read 7,264,629 times
Reputation: 801
Quote:
Originally Posted by sanrene View Post
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.

CNN Political Ticker: All politics, all the time Blog Archive - White House: CBO ‘overstepped’ in its analysis « - Blogs from CNN.com

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.



Typical, classic chicago-style, thuggish politics.

Whom do you trust?


Not CNN.

Not your analysis.


Neither OMB or CBO are 100% right.

The problem with cost-benefit analysis is that while costs are pretty well known, benefits are usually under-stated in analysis.
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Old 07-26-2009, 04:06 PM
 
19,871 posts, read 21,261,258 times
Reputation: 8981
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...
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Old 07-26-2009, 04:06 PM
 
Location: Chicagoland
41,313 posts, read 41,134,525 times
Reputation: 7108
Tell me one government run program that turned out to be less costly than estimated.

My dear, that is what the CBO does - they are bipartisan in scoring what comes out of congress and the WH.

Quote:
Benefits "not seen" is funny... its like saying I am making things up and I hope you go along with it
Exactly what she's doing.
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Old 07-26-2009, 04:09 PM
 
4,465 posts, read 7,264,629 times
Reputation: 801
Many:

New Deal.

Elimination of lead in gasoline.

Voting Rights Act.

Public Health.

Social Security.


Etcetera, etcetera.
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Old 07-26-2009, 04:11 PM
 
Location: Chicagoland
41,313 posts, read 41,134,525 times
Reputation: 7108
Quote:
Many:

New Deal.

Elimination of lead in gasoline.

Voting Rights Act.

Public Health.

Social Security.


Etcetera, etcetera.
OMfG, I'm dying here!
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Old 07-26-2009, 04:15 PM
 
Location: Chicagoland
41,313 posts, read 41,134,525 times
Reputation: 7108
Medicare's Financial Woes: Bigger Than Official Estimates

Quote:
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.

Quote:
Elimination of lead in gasoline.

Voting Rights Act.
These are government run programs?
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Old 07-26-2009, 04:16 PM
 
4,465 posts, read 7,264,629 times
Reputation: 801
Quote:
Originally Posted by sanrene View Post
OMfG, I'm dying here!
Well, I'd try looking at facts instead of rightwing propaganda.
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Old 07-26-2009, 04:18 PM
 
Location: Chicagoland
41,313 posts, read 41,134,525 times
Reputation: 7108
Quote:
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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Old 07-26-2009, 04:18 PM
 
4,465 posts, read 7,264,629 times
Reputation: 801
Quote:
Originally Posted by sanrene View Post
Medicare's Financial Woes: Bigger Than Official Estimates



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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