IF OBAMACARE DIES WILL THE SKY FALL? -2,11,13,27,33,34*
Posted in Uncategorized by Baba - Jun 20, 2015
The nonpartisan Congressional Budget Office said Friday that repealing the Affordable Care Act would significantly increase federal budget deficits by $137B and increase the number of people who are uninsured by 24 million… BUT repealing the law would also raise economic output because it would create incentives for some people to work more.
Here’s some current political rhetoric:
Senator Enzi, R-Wyoming chairman of the Senate Budget Committee: “repealing the president’s health care law will increase economic growth.”
Rep.Pelosi, D-California, the House minority leader:“repeal will explode the deficit.”
Liberals cite the unhatched chickens in the form of penalties expected to be collected from those who disobey Obamacare is $210B. Liberals claim this is “lost income” for the government if the law is repealed.
Also Liberal logic concludes there will be a $433B loss in expected taxes collected by the IRS from high premium Health Plans and high-income people.
Then, again by Liberal logic, there will be a $196B loss from fees which are scheduled to be collected from insurance companies and heath product manufacturers.
What about money saved if SCOTUS scuttles Barack Hussein’s pet project?
$822B will be saved by ending subsidies, and $824B will be saved in Medicaid costs.
Thats a savings of 1.646 TRILLION DOLLARS!
*In MENU select THE LIST to decipher numbers.
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