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Health care repeal's cost: $230 billion to deficit

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 12:57 PM
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Health care repeal's cost: $230 billion to deficit
NEW YORK (CNNMoney) -- It's one of the promises on which House Republicans campaigned: If elected, we will repeal health care reform.

One problem: Rolling back the law would probably increase federal budget deficits by a total of about $230 billion by 2021, according to a preliminary estimate released Thursday by the non-partisan Congressional Budget Office (CBO).


The long-run outlook isn't any better. A repeal would increase federal deficits in the decade after 2019 by around 0.5% of GDP.

And that's a major problem for Republicans -- who also say they want to reduce the deficit and roll back federal spending to 2008 levels.

http://money.cnn.com/2011/01/06/news/economy/health_care_repeal_cost/index.htm?hpt=T1
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Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 01:08 PM
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1. They don't really care about the deficit
all they care about is getting rid of anything created by a successful black man.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 01:34 PM
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2. GOPers said the CBO was wrong. If they don't like the answer, they just say it's wrong.
They don't care. They never did and never will.
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