’kay. Things i don’t like about Pres. Obabo’s speech. No mention of NASA’a recent achievements or future investments, drone strikes are still a thing not to mention apparently, NDAA is still a thing, torturing of enemies of state is still a thing, net neutrality is still too foggy, encouraged fracking and drilling in the US despite BP disaster….
Sometimes people ask me if I’ve heard of leftybegone. Of course I have. I just don’t care.
In this specific instance, they’re literally making up numbers. I clicked through to the article, and clicked through to the CBO PDF. The PDF does not say the number $1.930 trillion ANYWHERE IN THE DOCUMENT. The Weekly Standard article cites the number, but it’s not in there. Anywhere. But! There is this fun chart that shows how many billions of dollars Obamacare will ultimately save the federal government:
Obamacare will have a gross cost of $1,683 billion. Which is a lot of money, although a hell of a lot less than $1.93 trillion, don’t you think? (Technically, it’s $1.63 trillion, because of zeroes and everything. Math. But the CBO reports the numbers in the billions, so it’s rather intellectually dishonest to report it as trillions to make it seem higher.)
BUT. That number is actually $79 billion lower than they originally predicted. And: “Those gross costs are offset in part by $515 billion in receipts from penalty payments, the new excise tax on high-premium insurance plans, and other budgetary effects (mostly increases in tax revenues stemming from changes in employer-provided insurance coverage).”
So the CBO reported that Obamacare will actually be cheaper than they originally predicted, and conservatives report it as “LOOK THE CBO SAID IT’S SUPER EXPENSIVE!!!”
“According to CBO and JCT’s projections for the 2012–2022 period, spending for Medicaid resulting from the coverage provisions of the ACA will be $288 billion less than the amounts estimated prior to the Supreme Court’s decision, and such spending for CHIP will be about $1 billion less (see Table 2). About 6 million fewer people (mostly adults) are now projected to be enrolled in those programs, on average, over the 2014–2022 period. The reduction in Medicaid spending is expected to be $37 billion in 2022, and the reduction in enrollment is expected to be 6 million in that year. The decline in projected Medicaid coverage reduces estimated federal spending by about $6,000 per person in 2022, on average.”
So you know. MORE SAVINGS. Plus that chart at the top where it shows the overall net savings.
This is why you can’t believe the conservative media, folks. Even the teeny tiny sad-number-of-notes-getting ones on Tumblr. They will twist information and withhold it until it proves what they want you to think. The CBO says Obamacare will save us money in the long run and result in many millions more Americans insured than are now.
Suck it, conservatives.