That's okay...the non-political...excuse me while I just completely fall apart with thunderous laughter...
...okay...where was I...man, my sides hurt...oh yeah...the CBO...right, well this is the very same very informed band of idiots chock full o' Clout that swore up and down that ObamaCare was something that America could completely pay for!
"Another Runaway Entitlement Program
The centerpiece of the new legislation is a large-scale coverage expansion. The Medicaid program is expanded to cover all households with incomes up to 133 percent of the federal poverty level (FPL), and subsidized insurance is provided for families with incomes between 133 and 400 percent FPL. The Congressional Budget Office (CBO) estimates that these two expansions will bring 34 million people onto the federal entitlement rolls by 2017.[1] Moreover, by 2019, CBO says the cost of these “coverage” provisions is likely to escalate very rapidly and in line with the rising costs of existing health entitlement programs, including Medicare.
Proponents claim that the tax hikes and spending reductions in the bill will be more than sufficient to pay for the added costs of another large expansion in federal spending. And, in fact, CBO’s cost estimate shows a net deficit reduction from the health-related provisions of the bill at $124 billion over the period 2010–2019.
But, for many reasons, the impact on future taxpayers is likely to be much more adverse than CBO’s estimates indicate."
And the hits keep on comin'...
"These survey results mean Obamacare will be vastly more expensive than the Congressional Budget Office claimed. The CBO's computer models calculated Obamacare's costs on the assumption that only 7 percent of employers would drop their employee health plans. If the percentage is closer to the 30 percent, as the McKinsey survey results predict, Obamacare's price tag would rise by almost $1 trillion. To put this in terms even an Obama White House staffer can understand, the McKinsey survey makes clear that Obamacare's cost is unsustainable and the program should be repealed."
http://washingtonexaminer.com/opinion/2011/06/details-mckinsey-study-expose-obamacare-flimflam
but just when you thought it couldn't get any better!
"CBO says it took into account Medicaid "glitch" in Obamacare estimates
Earlier today, I noted an Associated Press report about a "glitch" in the national health care law that would allow for 3 million couples who were early retirees earning up to $64,000 to qualify for Medicaid, because their Social Security benefits would no longer count as income. The Congressional Budget Office has informed the House Budget Committee that this was factored in to their cost estimates for the health care law.
Here's what the CBO told the House Budget Committee:
We have been asked by a number of people whether, in its estimate of Medicaid enrollment under PPACA, CBO took into account the change made by that law in the income definition used to determine eligibility for Medicaid. That income definition excludes the portion of Social Security income that is not taxable.
The short answer is “yes.” CBO took that new income definition into account in its estimate of Medicaid enrollment and costs. We have not separately estimated the number of early retirees who would be eligible under that income definition."
http://washingtonexaminer.com/blogs/beltway-confidential/2011/06/cbo-says-it-took-account-medicaid-glitch-obamacare-estimates#ixzz1QCCsSRzW
See the pattern yet? When the CBO is wrong they're right! They was just holding on to information...for a friend see? Yeah, that's the ticket. Maybe you know another organization that does that...oh yeah...the Federal Reserve! Yeaaaa...can the real Slim Shady please stand up...please stand up...just so we can shoot off their f'n lyin' heads!
