Health Care Spending Fraud by CBO

Saw this information on a Spending Revolt website and thought I'd share it.

"CBO reveals health care spending increase…five months late.
September 3, 2010 by Spending Revolt

During the recent federal health care debate, one of the biggest disagreements was over whether the legislation would reduce the deficit. Democrats argued, using analysis from the Congressional Budget Office, that it would. Republicans argued that those “scores” had been gamed with unrealistic provisions that would not be implemented. This focus on the deficit missed an important question: how would the bill affect spending and taxes, rather than just the net effect?

Recently, CBO revealed that the health care legislation, as written, will increase entitlement spending by $401 billion and increase taxes by $525 billion over the next 10 years. i.e. it significantly expands the size of government. During the debate (when it really mattered), CBO only reported that the net effect would be a reduction in the deficit.

As Keith Hennessey points out, this new report “gives us the complete picture five months late.” For some reason, in CBO’s initial analysis, they combined spending and taxes into a single number and reported the net effect. Because of the way they presented information, it was impossible to pull out their estimates of increased spending.

Hennessey speculates that someone leaned on CBO. They “had this information last March but they buried it…I would bet heavily that CBO was pressured.” CBO analysts have a tough job and we may never know why they did or did not include certain information. One thing is certain: it would have added to the debate if CBO had revealed five months ago that the “Affordable Care Act” will increase spending by almost half a trillion dollars."

That's the article. Do any of you remember when the head of the CBO was called into Obama's White House office for a pow wow? And right after that the CBO revised their cost figures downward? And that helped Obamacare get shoved through Congress?

It was a lie and fraud then, and it remains a lie and fraud now. Wonder what Obama had to give the head of the CBO to "buy" his cooperation?

Cost of Government Day

Do you know what Cost of Government Day is? That's the day on which the average American has earned enough money to pay off his/her share of the spending and regulatory burdens imposed by our governing and taxing entities at the federal, state and local level. Basically, it's your share of the taxes you have to pay to the governments in one way or another.

For 2010 the COGD fell yesterday on August 19. Isn't that pathetic?? You have worked 7 1/2 months to pay a myriad of taxes that cover the costs imposed by government. This year the COGD fell 8 days later than 2009 and a whopping 34 days later than 2008.

I will calculate it for you so you don't have to. That means in 2010 the cost of government consumed 63.41 percent of the income of you and every American.

Cost of Government Day serves as a stark reminder of the growing burden government places on Americans. For any Obama backers who insist the middle class has paid "no new taxes" under his reign, you are very wrong. Go to http://www.costofgovernmentday.com/ to read information on the various policies that have contributed to pushing this year's Cost of Government Day to August 19, 2010.

And then you can weep because at the rate Washington is spending money and with the additional debt being piled on us the Cost of Government Day will eventually have to be December 31.