CBO admitted this in respone to a letter from Paul Ryan which asked them to score the Senate version and the House reconciliation version (ObamaCare) alongside the increase in Medicare payments (Doc Fix) in that bill.
When scored together, the bill will add $59 BILLION to the deficit.
In response to a question from Paul Ryan
(as Kathryn notes below), the CBO has now priced out the cost of the Democrats’ health-bill (including the reconciliation bill), together with the cost of the permanent “doc fix” they have proposed. CBO writes: “enacting all three pieces of legislation would add $59 billion to budget deficits over the 2010–2019 period.” That, of course, is without even accounting for all the other gimmicks, empty promises, and implausible offsets in the .Democrats’ bill.
Together with all those gimmicks, keeping the “doc fix” separate from the health-care bills they are getting ready to vote on was key to allowing the Democrats to get a CBO score that seemed to keep the bill from raising the deficit.
Shocka.
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My God what did we do in electing this dictator back on 11/4/08 (a date which live in infamy).
ObamaCare is nothing more than a desperate revenue grab.
Payroll tax receipts have collapsed over the past two years and Social Security is running deficits for the first time since 1982. Unlike 1982 though, chronically high unemployment means that there won’t be dramatic improvement in payroll tax revenues for years (possibly never). Social Security is projected to begin running structural deficits in 2019.
What it boils down to is that the government needs money and needs it now. As a consequence, a significant amount of the ObamaCare tax revenues could be required to shore up Social Security. Do you think that makes these CBO deficit projections better or worse?