GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit | TigerDroppings.com

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pistolpete23
LSU Fan
In the present
Member since Dec 2007
3880 posts

GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


LINK

quote:

President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”



This post was edited on 2/26 at 10:49 am



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Strannix
Navy Fan
Member since Dec 2012
989 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


I am waiting on my premium to decrease 2500%





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Lsupimp
LSU Fan
Member since Nov 2003
30182 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


Well we ALL agree that Euro Austerity sucks balls so we better keep printing so we don't have to go through that.





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Lsut81
USA Fan
Member since Jun 2005
64559 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

Obamacare Adds $6.2 Trillion to Long-Term Deficit


Water is wet... We will be at 26T in Debt by 2020.






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HonoraryCoonass
LSU Fan
Member since Jan 2005
5459 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


Obama said he would not sign a bill that was not deficit neutral. There must be a mistake.





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Lsupimp
LSU Fan
Member since Nov 2003
30182 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

26T in Debt


What do you mean debt ?
It's 26T of INVESTMENTS in The People.






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fontell
Auburn Fan
Montgomery
Member since Sep 2006
2515 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


Why does the GAO hate?





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pistolpete23
LSU Fan
In the present
Member since Dec 2007
3880 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

Obama said he would not sign a bill that was not deficit neutral.


I'm sure ABC NBC and CBS will lead off their news cast calling him on it






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white perch
LSU Fan
the bright, happy side of hell
Member since Apr 2012
2701 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

It's 26T of INVESTMENTS in The People.


if it's an investment in the people who voted obama in, then we're all screwed. I don't think their future productivity will offset the initial investment.







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LSUgusto
Member since May 2005
16317 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


Tax the rich!





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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6404 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


This should be headline news, but I doubt it will even be mentioned on the back pages of most newspapers.

Over 6 trillion in federal debt plus hundred of dollars out of pocket for the average citizen in a year as insurance rises to cover the goddies like 25 year old stay at home types and preexisting conditions, etc.

And we're arguing now about a lousy 85 billion as if it were the end of the world.

Unbelievable.






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Lsupimp
LSU Fan
Member since Nov 2003
30182 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


Work harder.
The State had needs.
Move Forward !
Or get out of the way.






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UncleFestersLegs
Columbia MO
Member since Nov 2010
1302 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


The same GAO said a year ago that the debt would explode without Obamacare. This was when they were trying to scare the SC into upholding the law.
LINK
Bottom line: Anything that says "government" and "accounting" should be immediately treated as a lie.

Edit: It's worth noting that HuffPo carried the GAO article last year. Can't seem to find the new one there though



This post was edited on 2/26 at 11:31 am


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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6404 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

The same GAO said a year ago that the debt would explode without Obamacare. This was when they were trying to scare the SC into upholding the law.


I think we need to define "explode". The way Washington spends money 6 trillion might not be considered an explosion anymore.






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22613 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”


From the same guy that claimed he'd cut the deficit in half by end of this first term...

It's amazing liberals still defend the guy.






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EZE Tiger Fan
Member since Jul 2004
23949 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

From the same guy that claimed he'd cut the deficit in half by end of this first term...

It's amazing liberals still defend the guy.


Eh. He's just doing what the left wants. They all knew this was a lie from the start. Doesn't matter. Take it down from the inside. That's the goal and we are getting closer.






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Decatur
New Orleans Saints Fan
Member since Mar 2007
17580 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

How is it possible that one report — requested by Sessions — conflicts so starkly with almost all other government assessments to confirm Republican talking points about the law? It’s simple: Sessions designed it that way.

The Alabama senator asked the office to estimate would would happen if the cost containment provisions in the law — the Independent Payment Advisory Board, excise tax on high-cost plans, and reductions in Medicare payments to providers — are “phased out over time” while the coverage provisions remain. Unsurprisingly, the GAO concluded that if the portions of the law that were specifically designed to keep costs under control don’t go into effect, then the law won’t be effective in lowering health care costs. Sessions is touting the government expenditures included in the law — the affordability credits and Medicaid expansion — while ignoring its cost savings. The same report concluded that if “both the expansion of health care coverage and the full implementation and effectiveness of the cost-containment provisions” is sustained, “there was notable improvement in the longer-term outlook.”


LINK






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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22613 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

The Alabama senator asked the office to estimate would would happen if the cost containment provisions in the law — the Independent Payment Advisory Board, excise tax on high-cost plans, and reductions in Medicare payments to providers — are “phased out over time” while the coverage provisions remain.
Those are probably reasonable assumptions. The Medicare reduction is probably the largest. And Congress has never failed to punt on it. The cadillac plan tax will probably never be collected, as people will likely change to plans that avoid the tax. As for the death panel? Who knows.



This post was edited on 2/26 at 12:43 pm


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BaylorTiger
LSU Fan
Probably Work
Member since Nov 2006
1488 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

conflicts so starkly with almost all other government assessments


Ohhh no. Could you toss me a link to these "govt" reports that contradict the statement the Affordable Care Act isn't going to increase debt?

How can anyone think the Gov't (Repup, Dem or Other) can increase coverage to so many, lower everyone's costs and pay for the difference with only taxes and no debt...HOW can someone really think that?






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davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
17076 posts

re: GAO Report: Obamacare Adds $6.2 Trillion to Long-Term Deficit


quote:

I'm sure ABC NBC and CBS will lead off their news cast calling him on it


When you essentially have state controlled news the chance of this seems unlikely.






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