CBO

Bob Herbert: Read my lips, "social security is not in crisis." Tell that to the CBO

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WASHINGTON, Jan. 26, 2011
Social Security to Run Permanent Yearly Deficits
From CBC/ AP

AP) Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

Ready, Aim, Fire on ObamaCare --Repeal is the only answer

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From today’s WSJ: “I learned that you have to evaluate the effects of public policy as opposed to intentions."~ Walter Williams, black economist whose new autobiography “Up from the Projects” is featured in an op-ed: 'The welfare state has done to black Americans what slavery couldn't do. . . . And that is to destroy the black family.' by Jason L. Riley. Ah, thinking about policy vs. intentions..the perfect segue way into Repealing ObamaCare.

Now they tell us: CBO lied about the cost of Barky's Bill

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From CBS.com blog:

The director of the Congressional Budget Office said Tuesday that the health care reform legislation would cost, over the next ten years, $115 billion more than previously thought, bringing the total cost to more than $1 trillion.

CBO had originally estimated that the health care reform bill would result in a net reduction in federal deficits of $143 billion from 2010-2019; this revised number would eliminate most of that savings.

Liar Liar, Obama Your Pants on Fire

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Reason's Matt Welch has a very pertinent post up today on why Obama is yet again lying about health care reform costs.

Here is what Obama said this week:

Over-diagnosis of cancers and prevention costs, what Obama won’t tell you

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Obama has told us that preventative care instillation to millions more Americans will tamp down costs . But, pesky facts keep getting in the way. From ABC news via the CBO:

In yet more disappointing news for Democrats pushing for health care reform, Douglas W. Elmendorf, director of the Congressional Budget Office, offered a skeptical view Friday of the cost savings that could result from preventive care -- an area that President Obama and congressional Democrats repeatedly had emphasized as a way health care reform would be less expensive in the long term.