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Sunday, March 28, 2010

Pelosi Claims Health Care Reform To Save $1.3 Trillion; No Mention In CBO Estimate

House Speaker Nancy Pelosi (D-Calif.) said that the health care reform package the House passed on March 21 would ultimately save the country $1.3 trillion over the next 20 years. That claim, however, was not made by the Congressional Budget Office (CBO) in its cost estimate of the bill.

Pelosi, speaking to reporters at her weekly Capitol Hill press conference on Thursday, said that one of the most important reasons for passing the legislation was that it would save the government so much money.

“[O]ne of the main reasons to do the bill was that it saves the taxpayers $1.3 trillion — $1.3 trillion — over the life of the bill and the 10 years beyond,” she said.

However, no such figure appears in the Congressional Budget Office’s estimate of the package President Obama signed into law Tuesday.

According to a CBO letter sent to Pelosi on March 20, the day before that House passed the bill, the health reform bill and an accompanying package of amendments is expected to reduce the deficit by $143 billion over the 2010-2019 time period.

For the following decade, the CBO does not attempt to quantify the bill’s possible effects on the budget because, as it says, there are simply too many unknown factors for any estimate to be accurate.

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More here

8 comments:

  1. I think Nancy has been sipping a little too much Bowser Beer lately.

    http://www.petco.com/product/108276/Bowser-Beer-for-Dogs.aspx

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  2. I saw on television that the CBO estimated the health care bill would save .5% Gross Domestic Product during the second ten years it is in place. The Democrats then projected a certain annual growth rate for GDP and estimated the savings.

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  3. How about what the CBO said about the Medicare drug plan? If the Tea Party is all about fiscal responsibility how about a proposition to drop the medicare drug plan or add taxs to pay for it?

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  4. how many more years are we gonna be stuck with that raving idiot?? OMG her, H Reed, and Obama are together in trying to ruin this great nation and turn it into a federally run, federally ruled, version of Europe!! but always remember it not federally funded by them its funded by us the citizens of this great nation!!!

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  5. "If the Tea Party is all about fiscal responsibility how about a proposition to drop the medicare drug plan or add taxs to pay for it? "

    Are you hitting the Bowser Beer too? The Tea Party has no authority or power to alter a Federal Program. It's apparent though that the sitting Congress has turned deaf ears to the movement and the People need to do what they can to remove from office those who have spent half their time on earth living off the taxpayer's dime while ignoring our will.

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  6. Al in Fenwick-I want to know how they stand on this issue. This is an unfunded federal program, what is the Tea Party's suggestion to pay for this program? A lot of the people in the Tea Party benefit from this federal give away.

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  7. "I want to know how they stand on this issue. This is an unfunded federal program, what is the Tea Party's suggestion to pay for this program? A lot of the people in the Tea Party benefit from this federal give away."

    I have no idea what you are referring to but, even if I did, I am not a representative of the Tea Party. YOU have representation in Washington. If you are not satisfied with how they are representing you and your views, it is up to YOU to be part of fixing things. Are you registered to vote? Did you vote? Is your neighbors? Is your family members?

    Remember in November.....

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  8. Nancy should be tried for treason and when the bitch is found guilty
    she should be prosecuted to fullest extent of the law

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