Democrat Math & CBO Already Correcting the Cost of Obamacare

Surprise, surprise, surprise … Wow, that was quick … the Democrat math is already being revised!!! Gee, look what happens when you try and rush to a conclusion to meet some artificial time limit so that Obama and his fellow Democrats could save face at the expense of “We the People.”

DEMOCRAT MATH: 1+1 = $100 million

The Gateway Pundit reminds us that all this is possible and a 60 vote partisan Democrat vote ramming through health care thanks to the the buy off of Ben Nelson, that man of principle.

Nebraska will receive $100 million in assistance for its state Medicaid program under provisions in the Senate’s healthcare reform bill negotiated by Sen. Ben Nelson (D).

The Congressional Budget Office (CBO) informed lawmakers on Sunday night that the section of the manager’s amendment to the Senate’s health bill would cost $1.2 billion over 10 years. [the Cornhusker Kickback]

Michelle Malkin’s comments are frightening and should make every one stop and take pause. The fact of the matter is no one knows what this will cost America and it appears that Obama, Reid, Pelosi and the rest of the partisan Democrats in the House and Senate could care less.

The full CBO correction is here and it underscores how dismal the government’s record is in projecting the true costs of massive entitlement programs.

CBO revises cost of Obamacare saying  it would reduce deficits slightly less than they’d predicted. The real question is, does any one know what the real cost of this overhaul of health care will cost?

CBO only provides numbers if the data provided to them is followed to the “T”. Do we really think that doctors are going to take a 21% decrease in reimbursement? Do we think that Congress has the will to touch the third rail and cut senior Medicare money by $500 billion? If these do not take place, imagine what the cost would be then?

In a letter to Senate Majority Leader Harry Reid (D-Nev.), CBO Director Douglas Elmendorf said that the nonpartisan budget office had overestimated the extent to which the legislation’s new Independent Payment Advisory Board would bring down the deficit.

While the CBO’s estimates of the board’s and overall bill’s impact in its first 10 years of the legislation are correct, Elmendorf wrote, the program’s effects on deficit reduction during the second decade of the program were overestimated.

“CBO expects that the legislation, if enacted, would reduce federal budget deficits over the decade after 2019 relative to those projected under current law—with a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of GDP,” Elmendorf said. “In comparison, the extrapolations in the initial estimate implied a reduction in deficits in the 2020–2029 period that would be in a broad range around one-half percent of GDP.”