Kathleen Sebelius Admits The Obamacare Books Were COOKED
by Jeff Dunetz
Mar 4th 2011 at 3:19 pm
They screamed, they begged, cajoled but everyone called them liars. Ever since the outline of the Obamacare began to be circulated people pointed out that the $500 billion dollars of Medicare savings were being double counted in the cost estimates.
Yesterday the House Energy and Commerce Health Subcommittee heard testimony from Health and Human Services Secretary Kathleen Sebelius. Representative John Shimkus (R-IL) asked about the double counting of the $500 billion of savings which seemed to still helping the bottom line of Medicare and contributing to the funding of Obamacare. He asked Sebelius which program was supposed to receive the benefit of that Medicare cut, she answered, “Both.”
WOW ! Maybe Obama is “the one” he can spend $500 Billion Dollars, and the spend the same exact money on something else, that is magic of biblical proportion. I wonder if he can split the Reed Sea as an encore?”
The Obama administration and HHS have been criticized previously for double-counting. In a report last summer, HHS claimed a provision in the health-care law would extend the Medicare trust fund by 12 years. The Congressional Budget Office released a memo that said HHS’s math was more than a little off.
“[…] They cannot be set aside to pay for future Medicare spending and, at the same time, pay for current spending on other parts of the legislation or on other programs … To describe the full amount of HI trust fund savings as both improving the government’s ability to pay future Medicare benefits and financing new spending outside of Medicare would essentially double-count a large share of those savings,” said the CBO memo.
In other words we have been lied to. Barack Obama’s signature Health Care plan will be adding at least an additional half a trillion dollars to the deficit. How’s that for revenue neutral?
say it isn't so bobo.
Why would the messiah lie to use? I feel so.............. so betrayed.