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Health Care Debt
mklosinski
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2
10-9-2009 5:28 PM
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health care
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debt
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2d66d6da-24ff-4866-ba03-574be55b2538/AF0A9570-98C1-4ECD-B602-D3FA45CD23B8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/" href="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/" style="font-size: 11px;">www.cato-at-liberty.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/"><P>Sen. Max Baucus’s (D-MT) health care overhaul would cost more than $2 trillion. It would expand the deficit. But he has carefully and methodically hidden those facts – so well that he has completely hoodwinked nearly all the major media.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/"><P>The media are <A href="http://news.yahoo.com/s/ap/20091008/ap_on_go_co/us_health_care_overhaul;_ylt=Ag3X9cDg2MmjSPePKdbRyqVp24cA;_ylu=X3oDMTJ0NGhqaWVyBGFzc2V0A2FwLzIwMDkxMDA4L3VzX2hlYWx0aF9jYXJlX292ZXJoYXVsBHBvcwMxBHNlYwN5bl9wYWdpbmF0ZV9zdW1tYXJ5X2xpc3QEc2xrA2hlYWx0aGJpbGx3bw--" target="_blank">reporting</A> that the Baucus bill would reduce the deficit by $81 billion over 10 years. Wrong.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/"><P>The Baucus bill assumes that Congress will allow the “sustainable growth rate” cuts in <A href="http://www.catostore.org/index.asp?fa=ProductDetails&pid=1441322" target="_blank">Medicare</A>’s physician payments to occur beginning in 2012. Yet Congress has routinely and repeatedly <A href="http://www.cbo.gov/ftpdocs/75xx/doc7542/09-07-SGR-brief.pdf" target="_blank">blocked</A> those cuts, making Baucus’s assumption preposterous. The CBO handled the issue delicately, but essentially said, “Sure, provided that the sun rises in the west in 2012, then yes, this bill would reduce the deficit.”</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cato-at-liberty.org/2009/10/08/baucus-bill-would-cost-more-than-2-trillion/"><P>That means Baucus will come up at least $200 billion short on the revenue side, making his bill a budget-buster.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/AF0A9570-98C1-4ECD-B602-D3FA45CD23B8/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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