Cost Of Repealing Obamacare

   On Tuesday, the CBO ( Congressional Budget Office ) provide a letter with an estimate of how much it will cost to repeal the Affordable Care Act, to House Speaker John Boehner, not that he will pay any attention to it.

    The CBO found “ "the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013-2022 period."

The primary reason for the deficit increase, the report showed, was the repeal of several tax increases within the health care law. While the repeal bill would reduce direct federal spending by $890 billion over that period, it would also slash more than $1 trillion in new taxes.     Yahoo News

   So in essence, Boehner and his band of merry men, being the deficit hawks trying to cut government spending, will add to that spending/deficit.

In a separate analysis, the CBO also measured the impact of the June Supreme Court ruling that struck down parts of the health care law but left core provisions intact, and found that it would save $84 billion because of reduced Medicaid spending.

The CBO estimated in 2011 that the health care law would reduce the federal deficit by $210 billion over 10 years because of the law's revenue increases.

   Once again, the Republicans prove that they do not care about cutting spending unless it happens to programs which affect the middle class and the poor.

  If by some chance Romney makes it into the White House, you can bet your asses that those deficits will no longer matter.

Technorati Tags: CBO,Congressional Budget Office,Obamacare,ACA,Republican Party,The Deficit,Politics,Current Events

 

Friday Funnies:Mitt Romney: He B Stupid In Britain Edition

  

The dynamic dimwit is in London doing what he does best, embarrassing himself while he does the same to America with his ignorant remarks about the Olympics.

"It's hard to know just how well [the 2012 London Olympics] will turn out. There are a few things that were disconcerting. The stories about the private security firm not having enough people, the supposed strike of the immigration and customs officials, that obviously is not something which is encouraging."  NBC chat with Brian Williams.

   The British press had a few things to say to Romney:

"Mitt Romney is perhaps the only politician who could start a trip that was supposed to be a charm offensive by being utterly devoid of charm and mildly offensive," The Telegraph posted an op-ed.

British Prime Minister David Cameron fired back:

"We are holding an Olympic Games in one of the busiest, most active, bustling cities anywhere in the world. Of course it's easier if you hold an Olympic Games in the middle of nowhere," Cameron said, referring to the 2002 Winter Olympics Romney ran in Salt Lake Ciy, Utah

And London's Mayor also taunted Romney during an Olympic torch ceremony in Hype Park:

"I hear there's a guy called Mitt Romney who wants to know whether we're ready. Are we ready?"

Romney was also widely mocked on Twitter:

"We have not been at war with Britain since 1812. Well done, Mitt!" Andy Borowitz Tweeted.

Jay Leno: "Congresswoman Michele Bachmann wants an investigation as to whether Islamists have infiltrated the highest levels of the federal government. You know what's really frightening? After listening to Michele Bachmann, you realize idiots have infiltrated the highest levels of the federal government." –Jay Leno

"Mitt Romney's search for a vice president continues As you know, one of Mitt Romney's problems is that he's never hired an American for a job before, so this is new."

"The apartment that President Obama used to live in when he was a college student in New York is now up for rent for $2,400 a month. Coincidentally, Obama was only there for one four-year term."
"A new study published by The British Medical Journal found that inactivity can kill you. I mean, these are the kind of findings that just scare the hell out of Congress."

Conan O'Brien: "The poverty rate is now at its highest since the 1960s. It's gotten so bad that Mitt Romney's butler let his butler go."

Jimmy Fallon: "Mitt Romney will travel to London where he will attend the Olympics opening ceremony . Of course it's going ot be weird when they're announcing all the countries, and he's like 'Got a bank account there, got one there, two bank accounts there."

 

Technorati Tags: Mitt Romney,London,Michele Bachmann,Barack Obama,Republicans,Current Events,Late Night Talk,Jay Leno