Can We Call It The Biggest Boondoggle In American History Yet?

Obama and the Democrats lied, ObamaCare is going to cost way more than if they had passed nothing? Say it ain’t so! Seriously, what sane person didn’t see this coming? The really scary part is, it’s only going to get much worse.

CBO Hikes ObamaCare Cost Estimate By $115 Billion

Better sit down, because you are in for a “shock”: ObamaCare will cost more than previously thought.

The Congressional Budget Office today released an analysis of discretionary spending in the law, and found that those costs will “probably exceed” $115 billion over 10 years.

At a stroke, that erases almost all of ObamaCare’s $143 billion in budget savings based off rushed, incomplete CBO projections given just before the decisive House vote in March.

Of course, that original forecast also assumed politically poisonous Medicare cuts and numerous other budget tricks. But, continuing to set those issues aside, the CBO suggests even its surplus forecast may prove ephemeral.

The new estimate includes the costs of administering the law by the IRS and the Dept. of Health and Human Services, and the cost of “future appropriations for a variety of grant and other program spending for which the act identifies the specific funding levels it envisions for one or more years.”

Yet there are other programs for which “no specific funding levels are identified in the legislation,” and the CBO couldn’t estimate the cost of those. The smart money says those costs will exceed $28 billion.

See also:
CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director, May 11, 2010
Discretionary Spending in the Final Health Care Legislation
Health overhaul law potentially costs $115B more
Health Overhaul Law Potentially Costs $115B More
CBO ups health care cost projections
CBO revises estimate on reform law costs
Republicans jump on new CBO score to blast health reform bill
Consequences of health care law coming to light

The sooner we toss out enough Democrats and elect Republicans instead, the sooner we can get rid of or at least modify this incomprehensible, money devouring mountain of [expletive deleted].

/vote like you mean it in November, this Democrat induced travesty is coming out of your wallet

Bloviator In Chief

Hoo boy.

Obama’s 17-minute, 2,500-word response to woman’s claim of being ‘over-taxed’

Even by President Obama’s loquacious standards, an answer he gave here on health care Friday was a doozy.

Toward the end of a question-and-answer session with workers at an advanced battery technology manufacturer, a woman named Doris stood to ask the president whether it was a “wise decision to add more taxes to us with the health care” package.

“We are over-taxed as it is,” Doris said bluntly.

Obama started out feisty. “Well, let’s talk about that, because this is an area where there’s been just a whole lot of misinformation, and I’m going to have to work hard over the next several months to clean up a lot of the misapprehensions that people have,” the president said.

He then spent the next 17 minutes and 12 seconds lulling the crowd into a daze. His discursive answer – more than 2,500 words long — wandered from topic to topic, including commentary on the deficit, pay-as-you-go rules passed by Congress, Congressional Budget Office reports on Medicare waste, COBRA coverage, the Recovery Act and Federal Medical Assistance Percentages (he referred to this last item by its inside-the-Beltway name, “F-Map”). He talked about the notion of eliminating foreign aid (not worth it, he said). He invoked Warren Buffett, earmarks and the payroll tax that funds Medicare (referring to it, in fluent Washington lingo, as “FICA”).

. . .

Even Obama seemed to recognize that he had gone on too long. He apologized — in keeping with the spirit of the moment, not once, but twice. “Boy, that was a long answer. I’m sorry,” he said, drawing nervous laughter that sounded somewhat like relief as he wrapped up.

But, he said: “I hope I answered your question.”

See also:
Obama’s 17 Minute, 14 Second Answer on Higher Taxes and Health Care
The great elaborator: Obama gives 17-minute answer to health-care query in N.C.
Obama’s 17-minute answer
Obama’s answer was rather loquacious
Obama Fights Adversity With Verbosity
Defensive much? Obama gives rambling, incoherrent 17 minute response to concern about being ‘overtaxed’
President Obama takes 17 minutes to answer a question

Let’s see, Obama takes 17 minutes to not answer a simple question, Alan Grayson is threatening doctors, Henry Waxman is threatening major U.S. corporations, and, a week into this new entitlement fiasco, most Americans still think Obamacare sucks.

/yeah, I see nothing but smooth sailing for Democrats going forward

All Aboard!

House to Hold Crucial Health Care Vote Sunday

The U.S. House of Representatives is set to hold a crucial vote on Sunday on sweeping health care reform legislation. President Barack Obama has postponed his planned Asia-Pacific trip to Indonesia and Australia for a second time to be in Washington, D.C. as Congress votes on his top domestic priority after a year of debate and wrangling.

White House press secretary Robert Gibbs told reporters Thursday that President Obama is confident that the health care reform legislation will soon be the law of the land in the United States.

“I think health care is going to pass the House on Sunday. I believe shortly it will pass the Senate, and the president will be able to sign all of it into law,” he said.

The president postponed his planned overseas trip until June to oversee the culmination of a year-long effort to pass health care reform legislation over the united opposition of every single Republican lawmaker in both the House and the Senate.

House Speaker Nancy Pelosi unveiled what Democrats hope will be the last, corrected version of a $940-billion health care reform bill, which will extend health insurance coverage to some 32 million people who are currently uninsured. The non-partisan Congressional Budget Office released figures Thursday estimating the legislation will reduce the federal deficit by $138 billion over its first 10 years.

House Speaker Pelosi, who is still trying to nail down the 216 votes she needs for the bill to pass the House, was very pleased with the CBO numbers, which may help to win over fiscally-conservative Democrats who face tough re-election battles in November.

“For the health and well-being of American people, for the fiscal soundness of America’s budget, for seniors, for our young people, for women, for small businesses and for competitiveness we will make history and we will make progress by passing this legislation,” she said.

If it passes, the massive health care overhaul will re-structure one-sixth of the U.S. economy, and for the first time will require that most Americans carry health insurance and penalize medium-sized and large companies that don’t provide health insurance coverage for their employees. It will also place restrictions on insurance companies, for example by not allowing them to exclude people because of pre-existing medical conditions.

Democrats are using a complicated legislative process to pass the bill. First, the House will have to approve a Senate bill that many of its Democratic members strongly dislike. Then both chambers will need to quickly pass a package of corrections to the bill agreed to in negotiations with the White House.

Republican lawmakers have opposed the health care bill from the outset, saying it is too big, too expensive, and that it inserts government bureaucrats into American’s medical decisions.

House Minority leader John Boehner has vowed that Republicans will “do everything that we can do to make sure this bill never, ever, ever passes”, and some Republicans in the Senate say they have been studying Senate rules to do whatever they can to block the legislation if it arrives back in the Senate next week.

H.R. 4872 – Reconciliation Act of 2010

CBO Score


See also:
Democrats Post Health Care Bill Online, Setting Up Possible Sunday Vote
US Congress Waging Fierce Final Battle over Health Care Reform
Health-care reform debate gets more intense with possible weekend vote looming
March Madness
Obama Deploys Personal Presidential Touch in Health Care Push
Holy War Erupts Among Catholics Over Abortion Language in Health Care Bill
Republicans mock ‘tweak’ to new $940 billion health care bill
Republicans Ready Strategy to Scuttle Health Bill, as Democrats Push Forward
What happens if health care reform dies?

/Michael Ramirez

The good news is that Obama and Pelosi still don’t have the 216 votes, as of the time of this posting, and there’s still time for you to act.

Stop Obamacare now!

The bad news is that this massive trillion dollar cluster[expletive deleted] of a Democrat national debt busting boondoggle is not permanently dead yet.

/God help us all if they actually manage to pass this abomination

Look What The CBO Found, An Extra Trillion Of Obama Debt

It must be the Friday night bad news dump.

National debt to be higher than White House forecast, CBO says

The 10-year outlook released by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama’s budget request would produce deficits that would add about $8.5 trillion to the national debt by 2020.

The CBO and the White House are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year — a post-World War II record at 10.3 percent of the overall economy — and $1.3 trillion in 2011. But the CBO is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama’s policies and would begin to grow rapidly after 2015.

Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said. Interest payments on the debt would also skyrocket by $800 billion over the same period.

See also:
CBO Says White House Underestimates Deficits
CBO: $10 trillion jump in debt under Obama budget
Congressional estimates show grim deficit picture
US deficit tops Obama forecast by 1.2 trillion dollars: CBO
US deficit expected higher than White House claims
CBO projects $1.5 trillion deficit for 2010 in Obama budget
CBO projects $1.5 trillion deficit for 2010 in Obama budget
CBO Releases Preliminary Analysis of the President’s Budget
CBO: Obama underestimated deficit by $1.2 trillion

When the evil Bush left office after eight years the budget deficit was less than $500 billion and the national debt was well under $10 trillion. One year later . . .

/add on the cost of Obamacare an Cap and Trade and it’s a regular national bankruptcy party

Speaking Truth To Democrat Bull[Expletive Deleted]

Paul Ryan is the man!

See also:
Rep. Paul Ryan on health inflation at White House health summit
Paul Ryan: Obamacare Will Raise Medical Costs
Ryan on Democratic Health Care Budget Gimmicks
Health care summit: Ryan makes good point on deficit reduction
Ryan on the Attack
Healthcare summit: Medicare and the deficit
Rep. Paul Ryan makes remarks on insurance regulation at White House health summit
Ryan talks decentralization at health summit
Ryan, Obama get into “difference in philosophy”
Transcript of Thursday’s bipartisan health care meeting
A Real Man With A Real Plan

What’d I say? I told you Paul Ryan gets it, and he’s more than an intellectual match for Obama.

/now pay close attention, because there’s going to be a very important quiz in November

Obama Says You’re Gonna Get A Trillion Dollar Health Care Bill Whether You Like It Or Not

Is Obama deaf? 61% of Americans want Congress to scrap their current health care bills and start over. So what’s Obama’s plan? To cram a variation of the current legislation down your collective throats, I’m the Great Obama, suck on it bitches!

The President’s Proposal

/Michael Ramirez

Patient Is Showing No Improvement

The president has unveiled a reform plan of his own ahead of Thursday’s bipartisan summit. But it’s no better than the lousy Democratic proposals that Americans have already dismissed.

The Obama plan appears to be based on the bills that were passed last year in the House and in the pre-Scott Brown Senate. While it leaves out the public option that was included in the House legislation, it adds a wrinkle that’s just as harmful: price controls on insurance premiums.

Americans aren’t going to want this rancid stew of legislative arrogance any more than they wanted the bills that were rammed through Congress. Our own polling shows that 34% strongly oppose Congress’ overhaul plans while only 24% strongly support.

When the “strongly oppose” and “somewhat oppose” responses are combined, the poll shows 45% are against the Democrats’ proposals. Independents oppose the plans 51% to 34%.

While the administration’s proposal might get some initial support because it regulates insurance costs, the public will recognize the rest of the plan as something it’s seen and rejected.

It seems the White House is cynically using the new wrinkle to take advantage of the anger toward insurance companies. The good news is that wrinkle should smooth out once opponents explain why restrictions on premium increases will leave the public with less coverage, as insurers will have no choice but to ration benefits.

The opponents — hopefully every Republican holding elected office — could start by repeatedly pointing out that Larry Summers, President Obama’s chief economic adviser, not a GOP operative, said: “Price and exchange controls inevitably create harmful economic distortions. Both the distortions and the economic damage get worse with time.”

The opposition should also ceaselessly tell the public that the ultimate consequence of premium caps on health insurance — if not the ultimate goal of the Democrats — is the collapse of the industry.

Private firms will leave the market when government restrictions make it unreasonably hard to make a profit. That will happen when the caps are combined with the inevitable federal mandates outlining the wide array of conditions that insurers must pay for and the rules that govern how coverage is sold.

New York has bitter experience with coverage rules. Since the early 1990s the state has forced insurers to provide insurance to people who are already sick and required them to set premiums at the same rate for all customers despite differences in age and health.

New York’s market hasn’t yet crumbled, but only because insurers have been able to increase premiums. New York now has, at roughly $9,000 a year on average, the highest rates in the country.

Soaring premiums can’t happen in a regime in which they are capped. When caps are added to mandates, insurers have nowhere to go but out of the health insurance business.

“We are sort of a case study of what not do,” says Mark Scherzer, identified in Sunday’s Los Angeles Times as “a consumer attorney who helped lead the fight for New York’s changes in the early 1990s.”

We see nothing in the Obama proposal that makes it more acceptable than what the Democrats have already put up.

• It won’t cut costs. Its $950 billion price tag for 10 years is even higher than the federal estimates, which were insanely optimistic, for the bills that have already been passed.

• It won’t insure all the uninsured. The White House says it will cover 31 million Americans who are without coverage. That still leaves as many as 15 million or 16 million without medical insurance.

• It won’t increase Americans’ control of their health care. It will require people to buy insurance and force businesses that don’t insure their employees to provide coverage. That’s more government.

• It’s not what the people want. By more than a 2-1 margin, our IBD/TIPP poll found, Americans want Congress to start fresh with a new blueprint, not rehash what they’ve clearly rejected.

No amount of we-know-what’s-best, force-it-on-an-unwilling-public arrogance can change these facts. Yet the Democrat machine, confident its ideas are so strong that they can repeal the laws of economics, refuses to end its offensive against the people.

We are far beyond the point at which we can admire their tenacity while disagreeing with their solutions.

What we need is a clean, quick kill of a plan — an Obama course that would drive our health care system into an abyss from which it would never escape.

See also:
Obama stays on offense with health-care proposal
Obama offers new health-care reform proposal
Obama posts health blueprint
Facing headwinds, Obama offers health deal
Obama Renews Health Push
ObamaCare at Ramming Speed
Obama Rejects Advice to Shrink Health Proposal
Obama may be key part of this health care plan
Obama’s health care bill revision seeks compromise
CBO says Obama’s health plan not detailed enough to score
CBO Blog: No Cost Estimate of Obama Health Plan This Week
Plan sweetened for GOP baffles CBO
Obama’s healthcare plan gets chilly GOP reception
Can Obama Bypass Republicans on Health?
White House Sets the Table to Use ‘Reconciliation’ Rules to Finish Health Care Reform
Will Obama Health Care Plan Pass Via Reconciliation?
Charting a Course Around Filibusters
Health care has one last chance
Are the Dems really that clueless about health care?

What happened to Obama’s promise to focus on American’s top priority, jobs? Apparently, that lasted all of about a week and now it’s back to socialized health care reform, a plan already soundly rejected by the vast majority of the American public.

/Obama and the Democrats must have an insatiable political death wish, they’re going to get absolutely creamed in the 2010 midterm elections

A Real Man With A Real Plan

Rep. Ryan proposes radical solution to budget problem

I spent the first part of the week thinking about President Obama’s proposal for next year’s budget. It’s a modest document meant to take current policy and nudge it forward and leftward while beginning the hard work of pushing the deficit downward. It makes its changes at the edge of the state, freezing growth here and expanding programs there.

But I spent the latter part of the week thinking about the proposal from Rep. Paul D. Ryan (R-Wis.) for what our budget should look like 60 years from now. Ryan’s budget is a radical document that takes current policy and rolls a live grenade underneath it. Social Security? Ryan’s adds private accounts. Medicaid? Ryan privatizes it. Medicare? Same thing. Health care? Ryan repeals the subsidy for employer-provided insurance, replacing it with a tax credit.

The boyish Ryan is a conservative darling and the ranking Republican on the House Budget Committee, but there’s nothing conservative about this document. It does not respect, much less preserve, the status quo. But then, that’s a point in Ryan’s favor. The status quo does not deserve our respect. It is unsustainable. Left unchecked, it will bankrupt our country. On that, Ryan’s radicalism is welcome, and all too rare. The size of his proposal is shocking, but it is proportionate to the size of our problem: According to the Congressional Budget Office, which examined a simplified version of his proposal, it would wipe out our projected long-term deficits.

GOP Rep. Paul Ryan tackles Obama’s path to deficit disaster

The new era of Democratic bipartisanship, like cut flowers in a vase, wilted in less than a week.

During his question time at the House Republican retreat, President Obama elevated congressman and budget expert Paul Ryan as a “sincere guy” whose budget blueprint — which, according to the Congressional Budget Office (CBO), eventually achieves a balanced budget — has “some ideas in there that I would agree with.” Days later, Democratic legislators held a conference call to lambaste Ryan’s plan as a vicious, voucherizing, privatizing assault on Social Security, Medicare and every non-millionaire American. Progressive advocacy groups and liberal bloggers joined the jeering in practiced harmony.

The attack “came out of the Democratic National Committee, and that is the White House,” Ryan told me recently, sounding both disappointed and unsurprised. On the deficit, Obama’s outreach to Republicans has been a ploy, which is to say, a deception. Once again, a president so impressed by his own idealism has become the nation’s main manufacturer of public cynicism.

To Ryan, the motivations of Democratic leaders are transparent. “They had an ugly week of budget news. They are precipitating a debt crisis, with deficits that get up to 85 percent of GDP and never get to a sustainable level. They are flirting with economic disaster.” So they are attempting some “misdirection,” calling attention to Ryan’s recently updated budget road map — first unveiled two years ago — which proposes difficult entitlement reforms. When all else fails, change the subject to Republican heartlessness.

Read the report:

A ROADMAP FOR
AMERICA’S FUTURE
Version 2.0

See also:
The Roadmap Plan
A GOP Road Map for America’s Future
Roadmap to Solvency
Ryan’s fiscal plan draws attention
Paul Ryan’s Long (Deficit) Goodbye
Wisconsin Rep. Paul Ryan Stands Alone on Economic Solution
Rep. Paul Ryan says his budget plan doesn’t represent GOP
Political Punch Podcast: Rep. Paul Ryan, R-Wisc
Paul Ryan and his critics
The Savaging of Paul Ryan
Ryan Gets Serious

Paul Ryan is my favorite Republican, he gets it. He understands, like anyone with even half an ounce of honesty, that the current path of America’s fiscal future is bleak, unsustainable, and will inevitably lead to collapse and default. Sure, Ryan’s plan is radical, full of hard, painful choices, a big solution for a big problem. But, unlike the current “keep kicking the can down the road” policy, RYAN’S PLAN WILL ACTUALLY GET US OUT OF THE GIGANTIC MESS WE’RE IN AND IT’S ALREADY LONG PAST TIME THAT SOMEONE DID SOMETHING!

/although he says he won’t, I wish Ryan would run for President, he’s exactly the kind of leader this country needs right now