CBO: Baucus Bill Costs $1.7 Trillion By 2023
-By Warner Todd Huston
The CBO is estimating that the total cost of Baucus’ Senate version of Obamacare will cost $1.7 trillion by 2023. To “pay” for this cost, the Baucus bill cuts $1 trillion from Medicare and Medicaid and raises taxes by $.7 trillion.
This is in stark contrast to Obama’s constant claims that “his” bill will not raise taxes.
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Posted by Warner Todd Huston on September 24, 2009 9:06 pm
» Filed Under Anti-Americanism, Anti-Capitalism, Barack Obama, Delusional Dupes and DUmmies, Democrats, Economy, Government, Government corruption, Healthcare, Liberal World, News, President, Senate, Socialism, Taxes, liberalism
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3 Responses to “CBO: Baucus Bill Costs $1.7 Trillion By 2023”
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But Warner, this isn’t “his” bill either, it’s Baucus’.
The One (TM) hasn’t released “his” bill yet. He’s only released a set of “guidelines”, and so far, his “guidelines” are revenue neutral……
President Obama will not raise taxes but Congress will.
A tax on luxuries would not bother me as much as the tax on privately obtained health care insurance does. Another hidden tax is that there is a plan to cut Medicare payments to doctor which will cause those who pay for their own medical care to be charged more.
If Congress has to tax something then please tax luxury items which I can afford to do without.
I prefer the tax on health care insurance to the hidden tax on health care itself as the insurance is more of a luxury.
Better yet the federal government should adhere to the U.S. Constitution and pay the going rate for the medical services they pay for.
The Constitution has a “going rate” clause?
I’m sorry, but anyone who looks at 2023 estimates to make a point about a 2009 bill has their head up their a**. Besides which, “cost” is a different metric than “net cost.” The CBO estimates no net cost through 2019, though surely there is a cost to the program–they just estimate that it will be paid for. One can quibble as to their estimates (such as their silly belief that, once health care premiums drop, that employers will plow those savings into employee salaries to be taxed), but trying to do a switcheroo on “cost” vs “net cost” and moving the yardsticks out to 2023 makes you appear unserious about it all.