Well, it seems that the Chief Justice of the Supreme Court, John "Hanging John" Roberts is a bona fide financial genius, as well as all around enigma defying labels of L n C. It seems the good judge has a mighty fine set of Crystal Balls. Because by upholding Obamacare, he saved the country billions in Health Care Cost.
CBO and JCT have updated their estimates of the budgetary effects of the health insurance coverage provisions of the ACA to take into account the Supreme Court decision. This report describes those new estimates, how they were derived, and how they differ from the previous ones issued in March.
CBO and JCT now estimate that the insurance coverage provisions of the ACA will have a net cost of $1,168 billion over the 2012–2022 period—compared with $1,252 billion projected in March 2012 for that 11-year period—for a net reduction of $84 billion. (Those figures do not include the budgetary impact of other provisions of the ACA, which in the aggregate reduce budget deficits.) [emphasis mine]
Obamacare. You know, that thing that has the GOP in a froth to overturn with HR 6079. Because it has the word OBAMA in it. They can't let him take credit for this legislation! Why not?
Because the CBO says that repealing it will add $109B to the DEFICIT.
Assuming that H.R. 6079 is enacted near the beginning of fiscal year 2013, CBO and JCT estimate that, on balance, the direct spending and revenue effects of enacting that legislation would cause a net increase in federal budget deficits of $109 billion over the 2013–2022 period. Specifically, we estimate that H.R. 6079 would reduce direct spending by $890 billion and reduce revenues by $1 trillion between 2013 and 2022, thus adding $109 billion to federal budget deficits over that period.
Awk-ward. Curse those number crunchers and their pesky facts!
So what should the GOP do with this news? Better yet, what WILL they do with this info? What will you do with it? The CBO is about as non-partisan as one can get. Still think Obamacare is the shits?
To me, what they should do is find another attack position like his skin color or his wife and kids because the defense of the AHA is so chock full of nuclear bullet points the GOP could go down as mere Jokers, not a serious brain in the lot of them. We will all be singing Soviet Style Anthems to our Dark Leader. pft.
What they will do is drink the Kool-Aid. They have no choice because they have nothing else besides "NO-BAMA".
Sad Billionaire is Sad