CBO Uses Lehman and Madoff Accounting for the TEN - SIX Health Care Bill
10 Years of Taxes, 6 Years of Benfits - What a deal!
The Congressional Budget Office crunched the numbers for the TEN - SIX (10 years of taxes and 6 years of benefits) Health Care Bill. The latest version of this boondoggle will supposedly cost $940 billion and reduce the deficit by more than $100 billion over the next ten years. Of course, the beltway blowhard liberals minimize the fact that there are 10 years worth of taxes and only six years woth of "benefits". Only in the land of the libs can they screw you for ten years of taxes and give you six years of reduced benefits. Bernie Madoff and Lehman Brothers accounting lives on.
What a deal. That's like making 4 years worth of mortgage payments before you can move into your house (which will be "underwater" when you move in). Stem Cell Hoyer hailed the CBO scoring and claimed this massive entitlement would save us over $1 trillion in the second decade. I think I've heard this tune before.
As any person with a half a brain (including progressives) knows, these calculations always overestimate tax revenues while underestimating expenses. What person in his right mind can do a 10 and 20 year forecast? These idiots are the same people who said the $787 billion porkulus package would keep unemployment at 8%.
Nancy 3% Pelosi was beside herself when the numbers came out. I guess her Botox injections will be covered with this new entitlement.
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