(06-20-2015 02:50 PM)dawgitall Wrote:  

(06-20-2015 02:43 PM)UofMstateU Wrote:  

(06-20-2015 11:18 AM)dawgitall Wrote:  A $137 billion increase in the deficit over the ten year period from 2016-2025 if the ACA is repealed.

And probably a one to two trillion dollar deficit over ten years if we dont repeal the law.

Come on now. You know that doesn't make any sense at all. Think that through.

Whats there to think through, I can simply go off of the federal governments track record.

You see, I dont have to blindly believe some blow hard about the numbers. I can see how well the blowhards have been over the years, and then determine where reality is likely to fall. The CBO numbers have been blown out of the waters time and time again. You think the number of signups this year is about where they should be? Wrong, they are nowhere near where the CBO origoinally said they should be. Of course, when the bad news hit last year about how far they were off, they went back and modified the numbers.

So I'll just say that history will repeat itself.

Anytime the bloated government says it will cost money to shut something down, it actually saves money iun the long run. Any time the government says they will spend some money in order to save money, it costs more money than it saved. And anytime the bloated government comes out with estimates about how much a program will cost, they blow it by enormous margins. A poo-flinging monkey could have came up with estimates that were better.

(06-21-2015 08:33 AM)Owl 69/70/75 Wrote:  By the way, from page 19 of the report, "According to the agencies’ estimates, from 2021 through 2025, a repeal would increase GDP by about 0.7 percent, on average—mostly by repealing provisions that, under current law, are expected to reduce the supply of labor."

In that context, seems a cheap price to pay.

In previous estimates related to the ACA and in most other CBO cost estimates macroeconomic feedback is excluded. If it was done that way the federal deficit increases if the ACA were repealed are estimated to to be $353 billion over the 10 year period. Using the macroeconomic feedback shows the increase in GDP you note. That would reduce federal deficits by $216 billion in the 10 years.

353-216=137

Has anyone taken the time to analyze the actual report? The link was provided in post #8.

Please go to table 2 on page 3 and read it. It clearly shows that the CBO's deficit calculation if Obamacare stays in place will add $1.156 trillion to the deficit (which I believe is an understatement, but that's for another thread).

Then they do a couple of adjustments, namely netting out the savings provided in the bill due to reductions in Medicare and hospital reimbursements ($879 billion) and eliminating the premiums and penalties which are the revenue portion ($631 billion). This then nets down to the $353.

By any standard, a deficit of $353 billion is less of a deficit than $1,156 billion. So we're $803 billion better off without Obamacare.

(06-21-2015 12:44 AM)Fo Shizzle Wrote:  

(06-20-2015 12:26 PM)DefCONNOne Wrote:  

(06-20-2015 11:51 AM)Fo Shizzle Wrote:  The ACA is not going to be repealed...no matter how much it should be. It will however be fixed...and needs to be.

If the next President and/or Congress is too spineless to repeal this boondoggle, then it should be allowed to die with ZERO fixes. Making even ONE fix validates this trainwreck of a bill.

Im just being realistic. We are not talking about prohibition here. It is not going to be overturned. The best we can hope for is making this BS work as best we can. I suggest the first thing is to open up the marketplace for everyone to be able to purchase insurance from any source they wish...world wide if possible.

Here's a quote that suggests you're NOT being realistic.

Quote:First, ObamaCare is terrible law that is destroying the American health care system. It cannot be “fixed” because it is fundamentally flawed in its assumption that mandates and government bureaucracy can manage an incredibly complex system covering over 300 million people.

http://www.freedomworks.org/content/dont...are-end-it

(06-21-2015 01:31 PM)dawgitall Wrote:  

(06-21-2015 08:33 AM)Owl 69/70/75 Wrote:  By the way, from page 19 of the report, "According to the agencies’ estimates, from 2021 through 2025, a repeal would increase GDP by about 0.7 percent, on average—mostly by repealing provisions that, under current law, are expected to reduce the supply of labor."
In that context, seems a cheap price to pay.

In previous estimates related to the ACA and in most other CBO cost estimates macroeconomic feedback is excluded. If it was done that way the federal deficit increases if the ACA were repealed are estimated to to be $353 billion over the 10 year period. Using the macroeconomic feedback shows the increase in GDP you note. That would reduce federal deficits by $216 billion in the 10 years.
353-216=137

So for a fraction of the cost of the "stimulus" we would get a substantially larger and more sustained positive economic impact. Doesn't sound like a bad deal on that front.