Saturday, October 10, 2009

Deficit Neutral? Not So Much...

So that CBO report that ostensibly showed the minimal impact that the Senate ObamaCare bill would have on the deficit? You know, the one that purported to show that spending an additional $829 Billion would actually decrease that deficit? Well, it turns out that there was a little Iron Chef magic going on:

"Their subpar accounting includes revenue from tax increases and cuts to Medicare and Medicare Advantage starting in 2010. However, the bulk of expenditures begin in 2013."

Let me get this straight: we'll base our numbers on 10 years of cuts, but only seven of actual, you know, spending? Talk about odoriferous. Wouldn't it be nice if we could run our family budgets that way: "Hey honey, I didn't get that raise, but we'll just pretend not to spend more for the next few years."

Yeah, that'd work.
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