DEMOCRATS USING "BUDGET GIMMICKS" ON HEALTH CARE
October 14, 2009
Congressional Democrats continue to set the rules of the health care debate on their own terms, using budget gimmicks that defy logic and saddle future generations with trillions in new debt, says Rep. John Shadegg (R-Ariz.).
The latest salvo comes in the form of the Congressional Budget Office's (CBO) score of the Senate finance bill. Amid pages of description and complicated budget tables lies the heart of what this bill means for the American taxpayer, says Shadegg.
According to CBO Director Douglas Elmendorf:
- The expansion provisions in the bill are estimated to cost $180 billion in 2019, with projected growth at 8 percent beyond 2019.
- The estimate assumes taxes on health insurance plans will total $46 billion by 2019, and receipts from these taxes are expected to grow by 10 to 15 percent in the following decade.
- Other taxes in the bill will total $52 billion in 2019, and are expected to grow by 10 percent in the following decade.
- In reality the Baucus plan hides nearly $1.2 trillion in additional spending from the American people.
What do all these figures mean, asks Shadegg?
- Simply stated, it means the costs of the Democrats' program will continue to grow and taxes will have to increase exponentially to pay for this growth.
- Higher spending means higher taxes; Americans know that if they spend more than they should, there will be less in their savings account at the end of the month.
Now, more than ever, American families are living on strict budgets. If we have learned anything from the economic downturn, it's that we must be cautious about how we spend our hard-earned money, says the Congressman.
Source: John Shadegg, "Democrats Using 'Budget Gimmicks' on Healthcare," The Hill, October 12, 2009.
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