December 24, 2009

SOUNDS LIKE A RISKY SCHEME, EH?:

Vital $igns wrong in fuzzy Dem math: CBO (CHARLES HURT, December 24, 2009, NY Post)

The bill includes some $500 billion in projected savings for Medicare, leading sponsors to say it will make a huge cut in the deficit.

But in the small print of the more than 2,000-page bill, Democrats turn around and essentially spend that savings twice, according to the CBO letter.

Democrats overstate "the improvement in the government's fiscal position" based on Medicare cuts, wrote the CBO.

"The true increase in the ability to pay for future Medicare benefits or other programs would be a good deal smaller."

Gregg said: "We've heard a lot of talk from the other side of the aisle about how Medicare's not being cut and if it is being cut, it's just being used to help finance a new entitlement and therefore it should be counted as part of the basic effort to bring fiscal responsibility to this bill.

"Well, that's hokum."

Posted by Orrin Judd at December 24, 2009 8:28 AM
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