CBO: GOP Budget Would Increase Debt, Then Stick It To Medicare Patients | TPMDC
tpmdc.talkingpointsmemo.com 4 hours ago - CBO's initial analysis of the House GOP budget is filled with nuggets of bad news for Republicans.
» Read full story
[Correction: This post was based on a misreading or the GOP budget, and on Republican claims that the budget would save money by repealing the the health care law. The budget itself doesn't claim that repealing the health care law will reduce the deficit as we reported. It claims repeal will reduce spending outlays, and at times characterizes those reductions as "savings". That's true so far as it goes. But the budget does not grapple with the fact that repealing the law's taxes and other savings would more than make up for the spending reductions, resulting in a deficit increase. We regret the error.]The budget plan unveiled by Rep. Paul Ryan (R-WI) Tuesday does a neat trick: It claims that repealing the health care reform law will actually reduce the federal budget deficit -- despite extensive analyses by the Congressional Budget Office that show exactly the opposite.The CBO -- which is the gold standard for budget analysis and number crunching on Capitol Hill -- has issued a series of reports which conclude that the health care law will reduce the deficit and, by corollary, that repealing the health care law will cause the deficit to go back up.This is a problem for Republicans, who dismiss CBO findings out of hand. Indeed, the budget they unveiled Tuesday morning relies on unofficial numbers to create the impression that repealing the health care law willreduce the deficit.According to the GOP budget, repealing the health care law will reduce the deficit by $1.4 trillion by 2022. CBO, by contrast, holds that repealing the health law now will add well over $200 billion to the deficit over the same time frame.
It's not clear where Ryan is getting his numbers. Asked about this disparity at a Capitol briefing Tuesday, House Budget chairman Paul Ryan claimed to have used CBO figures and not to have dictated assumptions to its analysts.When the 112th Congress began, Republicans had to exempt health care repeal and other deficit busting ideas from their own House rules package, which nominally are intended to prevent new deficits.It's also worth pointing out that the budget also cites a Heritage Foundation study that claims Ryan's plan will reduce unemployment to levels below full employment, which is impossible under central bank policy.
More news
GOP Budget Ignores CBO To Claim Health Care Repeal Will Reduce The Deficit | TPMDC
tpmdc.talkingpointsmemo.com 7 hours ago - The budget House Republicans unveiled Tuesday morning relies on unofficial numbers to create the impression that repealing the health care law will reduce the deficit.» More articles
Republican budget: GOP budget would revamp Medicare and Medicaid
www.latimes.com 2 days ago - House Republicans ' 2012 federal budget plan will propose significant changes to Medicare , shift control of Medicaid to the states and aim to chop more than $4 trillion from the deficit over the next decade, House Budget Committee Chairman Paul Ryan said» More articles
House GOP's 'Radical' Plan To Overhaul Medicare, Medicaid | TPMDC
tpmdc.talkingpointsmemo.com 1 day ago - If anything will make it easier for House conservatives to stand down on shutting down the government, it's the prospect of a different, and much larger fight over the safety net. House Republicans are prepared to introduce a 10-year budget that will over» More articles
How The GOP Plan To Kill Medicare And Medicaid Would Work | TPMDC
tpmdc.talkingpointsmemo.com 11 hours ago - On Tuesday, House Budget Committee Chairman Paul Ryan (R-WI) will introduce a 10-year budget proposal that would over time eliminate two existing entitlements -- Medicare and Medicaid -- and replace them with less generous health care plans for the elderl» More articles
GOP budget cuts would kill 700,000 jobs: report
www.rawstory.com 1 month ago - Tags: analyst, Analytics, barack obama, budget, democrats republicans, gop, gop budget, gop majority, health, jobs, mark zandi, Moody, real gdp, Report, republican budget proposal, Washington WASHINGTON – The Republican budget proposal to sharply cut fede» More articles
GOP Is Demanding Budget Riders That Would Increase Federal Spending
thinkprogress.org 6 days ago - The ongoing budget negotiations between the House Republican leadership and Senate Democrats has broken down, as Republicans continue to insist that their spending bill — H.R. 1 — “serve as a starting point for all negotiations.” House Republicans “have d» More articles
Everything You always wanted to know about steel tubing.: House GOP Considers Privatizing Medicare
steel-tubing.blogspot.com 1 week ago - Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee WASHINGTON -- Months after they hammered Democrats for cutting Medicare, House Republicans are debating whether to relaunch their quest to privatize the health program for seniors. House Budg» More articles
GOP Unveils Plan To Remake Medicare And Medicaid : Shots - Health Blog
www.npr.org 6 hours ago - In an alternative to the administration's proposed budget, Republicans make their case for dramatic changes to Medicare and Medicaid. The GOP says the changes would save money. Democrats argue the cuts would go too far.» More articles
House GOP Budget To Call For Dramatic Changes To Medicare, Medicaid
www.huffingtonpost.com 2 days ago - House Budget Chairman Paul Ryan, R-Wisconsin, will unveil a highly anticipated 2012 Republican budget next week that proposes dramatic changes to political lightning rods -- entitlements.» More articles
Republicans Prepare To Reject Final White House Budget Offer | TPMDC
tpmdc.talkingpointsmemo.com 1 week ago - It's been almost a week since House Republicans, Senate Democrats and the White House last sat down to hammer out a budget agreement, and the schedule's still blank. Accusations of bad faith are now flying about, and Republicans appear poised to reject a » More articles
Yglesias » House GOP Budget Hammers The Special Olympics
yglesias.thinkprogress.org 3 weeks ago - Suzy Khimm reports on the latest round of lucky duckies to get the budgetary ax from House Republicans—disabled children: The House GOP’s budget, which passed last month, takes a hatchet to programs for disabled kids and Special Olympics athletes. The pr» More articles
GOP budget plan would revamp Medicare, Medicaid
news.yahoo.com 35 minutes ago - House Republicans set up a politically defining clash over the size and priorities of government Tuesday, unveiling a budget plan that calls for both unprecedented spending cuts and a fundamental restructuring of taxpayer-financed health care for the elde» More articles
Wonk Room » GOP Is Demanding Budget Riders That Would Increase Federal Spending
wonkroom.thinkprogress.org 6 days ago - By Pat Garofalo and Igor Volsky The ongoing budget negotiations between the House Republican leadership and Senate Democrats has broken down, as Republicans continue to insist that their spending bill — H.R. 1 — “serve as a starting point for all negotiat» More articles
GOP Budget Proposal Seeks To Make $4 Trillion-Plus In Cuts
www.huffingtonpost.com 2 days ago - WASHINGTON — A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president's debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its» More articles
CBO: Obama Understates Future Budget Deficits By $2.3 Trillion
www.huffingtonpost.com 2 weeks ago - WASHINGTON — A new assessment of President Barack Obama's budget released Friday says the White House underestimates future budget deficits by more than $2 trillion over the upcoming decade. The estimate from the nonpartisan Congressional Budget Off» More articles
GOP 2012 budget to make $4 trillion-plus in cuts
news.yahoo.com 1 day ago - A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president's debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author s» More articles
GOP Budget point man unveils major budget cuts
news.yahoo.com 11 hours ago - Republicans controlling the House have fashioned plans to slash the budget deficit by about $5 trillion over the upcoming decade, blending unprecedented spending cuts with a fundamental restructuring of taxpayer-financed health care for the elderly and th» More articles
CBO: Obama budget worse than projected on 10-year deficit - The Hill's On The Money
thehill.com 2 weeks ago - CBO estimates 10 years of deficits would total $9. 5 trillion, compared to administration's $7.» More articles
GOP unveils plan to eliminate Medicare, press neglects to ask about it
www.dailykos.com 7 hours ago - Not a single question about the substance of the GOP's plan to eliminate Medicareduring their 37-minute press conference unveiling their 2012 budget proposal So a short time ago, Republicans, led by Paul Ryan, held a news conference unveiling their budg» More articles
PETITION: Tell Speaker Boehner: America doesn’t support the radical Republican plan to end Medicare
www.dccc.org 3 hours ago - As part of their radical ideological crusade, House Republicans have proposed a budget that will end Medicare as we know it. Sign our petition right now telling Speaker Boehner that you don't support the GOP plan to end Medicare.» More articles
IRS budget in crosshairs of spending fight - Mar. 9, 2011
money.cnn.com 3 weeks ago - The IRS budget is caught in the middle. The White House wants to increase funding in the hopes of increasing tax collection, while the GOP wants to slash funding for the agency.» More articles
CBO: Obama understates deficits by $2.3 trillion - Yahoo! Finance
finance.yahoo.com 2 weeks ago - WASHINGTON (AP) -- A new assessment of President Barack Obama s budget released Friday says the White House underestimates future budget deficits by more than» More articles
CBO: Obama understates deficits by $2.3 trillion - Yahoo! Finance
finance.yahoo.com 2 weeks ago - WASHINGTON (AP) -- A new assessment of President Barack Obama s budget released Friday says the White House underestimates future budget deficits by more than» More articles
RNC Chair Priebus Criticizes Obama For Cutting Medicare, Then Touts Paul Ryan’s Medicare-Busting Budget
thinkprogress.org 7 hours ago - Throughout the health care debate, Republicans attacked reform as a raid on Medicare because it cut $500 billion from the program. But now as Rep. Paul Ryan (R-WI) introduces a new budget plan that would privatize Medicare completely, Republicans will hav» More articles
Shah: GOP budget would kill 70,000 children | The Cable
thecable.foreignpolicy.com 5 days ago - As Congress struggles to negotiate a budget deal to keep the government running, the head of the U.S. Agency for International Development (USAID) told lawmakers Wednesday that the GOP version of the budget bill would result in the deaths of at least 70,0» More articles
Shah: GOP budget would kill 70,000 children | The Cable
thecable.foreignpolicy.com 3 days ago - As Congress struggles to negotiate a budget deal to keep the government running, the head of the U.S. Agency for International Development (USAID) told lawmakers Wednesday that the GOP version of the budget bill would result in the deaths of at least 70,0» More articles
Slashing $100 billion from the budget: Can the GOP do it? - Dec. 27, 2010
money.cnn.com 3 months ago - Republicans view their midterm electoral victory as a mandate to cut spending, and cutting $100 billion from a $3 trillion federal budget sounds like a reasonable goal. But GOP leaders say they will focus only on non-security discretionary spending, and w» More articles
House budget chairman to propose Medicare, Medicaid changes
www.cnn.com 2 days ago - House Budget Chairman Paul Ryan said Sunday he will unveil a Republican budget for 2012 this week that proposes dramatic changes to Medicare, Medicaid and other political lightning rods.» More articles
Paul Ryan Does Wall Street’s Bidding In Budget
thinkprogress.org 7 hours ago - House Republicans — led by House Budget Committee Chairman Paul Ryan (R-WI) — released their 2012 budget today. The plan includes a giant tax cut for the wealthy, as well as a complete dismantling of Medicare and Medicaid. But it also includes a gift for » More articles
These GOP Budget Cuts Might Make You Puke (or Worse)
motherjones.com 3 weeks ago - How food safety could fall victim to the Republicans' budget-slashing mania.» More articles
No comments:
Post a Comment