Little-Acorn
06-05-2014, 02:10 PM
After literally years of the leftist fanatics screaming about CBO projections that Obamacare will lower the deficit (mostly by charging taxes in 2011 but not giving services until 2014)...
.....don't expect any news coverage of their recent admission that it was never true.
----------------------------------
http://finance.yahoo.com/news/cbo-quietly-drops-forecast-obamacare-180500918.html
CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit
by Eric Pianin
56 minutes ago
One of the Obama administration's major selling points in passing the Affordable Care Act in 2010 was a Congressional Budget Office forecast that the controversial legislation would reduce the deficit by more than $120 billion over the coming decade.
The CBO has consistently projected that President Obama's overhaul will reduce the deficit, and the agency estimated that the Republicans’ 2011 effort to repeal the legislation would increase deficits by $210 billion from 2010 to 2021.
In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that there is no longer a credible way to estimate the long-term effects on the deficit of all elements of the program taken together.
.....don't expect any news coverage of their recent admission that it was never true.
----------------------------------
http://finance.yahoo.com/news/cbo-quietly-drops-forecast-obamacare-180500918.html
CBO Quietly Drops Forecast That Obamacare Will Cut the Deficit
by Eric Pianin
56 minutes ago
One of the Obama administration's major selling points in passing the Affordable Care Act in 2010 was a Congressional Budget Office forecast that the controversial legislation would reduce the deficit by more than $120 billion over the coming decade.
The CBO has consistently projected that President Obama's overhaul will reduce the deficit, and the agency estimated that the Republicans’ 2011 effort to repeal the legislation would increase deficits by $210 billion from 2010 to 2021.
In April, the agency quietly signaled that it can no longer make that projection; that the law had been changed and delayed so much that there is no longer a credible way to estimate the long-term effects on the deficit of all elements of the program taken together.