Obamacare and the CBO — no longer ‘giddy’

Obamacare and the CBO — no longer ‘giddy’

How critical to the passage of Obamacare was the 2010 “score” given the legislation by the Congressional Budget Office?

[…]

In 2010 the CBO delivered the very good news Democrats hoped for. In the first 10 years, Obamacare, according to the CBO, more than delivers on its promises. The Hill, on March 19, 2010 wrote:

“Democrats hailed a Congressional Budget Office score Thursday that said their healthcare bill would trim the deficit by $138 billion.” The news, according to the CBO, gets even better in the second decade. The Hill said, “It will reduce the deficit by $1.2 trillion in the second decade of the plan’s implementation.”

Trending: Biden’s jumbling of letters in abbreviated names is a sign of two problems, both big

The cheers were heard across the aisle, over the Potomac and ’round the world.

[…]

But four years later, the CBO now says it can no longer stand by its 2010 projections. Roll Call, the publication that covers Congress, writes: “In its latest report on the law, the Congressional Budget Office said it is no longer possible to assess the overall fiscal impact of the law. That conclusion came as a surprise to some fiscal experts in Washington and is drawing concern. And without a clear picture of the law’s overall financing, it could make it politically easier to continue delaying pieces of it, including revenue raisers, because any resulting cost increases might be hidden.”

What?!

Continue reading →

Comments

For your convenience, you may leave commments below using Disqus. If Disqus is not appearing for you, please disable AdBlock to leave a comment.