- Apr 30, 2009
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"CBO deals new blow to health plan"
"For the second time this month, congressional budget analysts have dealt a blow to the Democrat's health reform efforts, this time by saying a plan touted by the White House as crucial to paying for the bill would actually save almost no money over 10 years.
A key House chairman and moderate House Democrats on Tuesday agreed to a White House-backed proposal that would give an outside panel the power to make cuts to government-financed health care programs. White House budget director Peter Orszag declared the plan "probably the most important piece that can be added" to the House's health care reform legislation.
But on Saturday, the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill's $1 trillion price tag...
Saturday's CBO analysis caps a tough week of blown deadlines, partisan bickering and fierce intra-party fighting among Democrats. On Friday, the tension between the Blue Dogs and Waxman exploded when Waxman threatened to bypass his committee and bring the reform bill straight to the House floor without a vote. The move infuriated Blue Dogs who have used their crucial committee votes to leverage changes to the bill."
http://www.politico.com/news/stories/0709/25415.html
I think Douglas Elmendorf is probably even being generous in his second report since Rahm brought Doug in for a little talk recently. Elmendorf also had Summers as a an advisor at Harvard. He was at Brookings for awhile as an economist. He might qualify for the Presidential Medal of Freedom if Obamacare can find it's place in the future as a nightmare that was "stopped just in time".
From Forbes:
"But ObamaCare isn't as dead as it looks to the pundits. Earlier this week, the man who on July 16 let it be known that the Emperor's New Health Care Plan would add a trillion dollars to the deficit over 10 years, was summoned to the White House for a little chat with Rahm and the boys. Will Douglas Elmendorf bend to the Chicago-style pressure? We'll see. I wouldn't bet against it."
http://blogs.forbes.com/digita...up-and-vice-versa.html
"For the second time this month, congressional budget analysts have dealt a blow to the Democrat's health reform efforts, this time by saying a plan touted by the White House as crucial to paying for the bill would actually save almost no money over 10 years.
A key House chairman and moderate House Democrats on Tuesday agreed to a White House-backed proposal that would give an outside panel the power to make cuts to government-financed health care programs. White House budget director Peter Orszag declared the plan "probably the most important piece that can be added" to the House's health care reform legislation.
But on Saturday, the Congressional Budget Office said the proposal to give an independent panel the power to keep Medicare spending in check would only save about $2 billion over 10 years- a drop in the bucket compared to the bill's $1 trillion price tag...
Saturday's CBO analysis caps a tough week of blown deadlines, partisan bickering and fierce intra-party fighting among Democrats. On Friday, the tension between the Blue Dogs and Waxman exploded when Waxman threatened to bypass his committee and bring the reform bill straight to the House floor without a vote. The move infuriated Blue Dogs who have used their crucial committee votes to leverage changes to the bill."
http://www.politico.com/news/stories/0709/25415.html
I think Douglas Elmendorf is probably even being generous in his second report since Rahm brought Doug in for a little talk recently. Elmendorf also had Summers as a an advisor at Harvard. He was at Brookings for awhile as an economist. He might qualify for the Presidential Medal of Freedom if Obamacare can find it's place in the future as a nightmare that was "stopped just in time".
From Forbes:
"But ObamaCare isn't as dead as it looks to the pundits. Earlier this week, the man who on July 16 let it be known that the Emperor's New Health Care Plan would add a trillion dollars to the deficit over 10 years, was summoned to the White House for a little chat with Rahm and the boys. Will Douglas Elmendorf bend to the Chicago-style pressure? We'll see. I wouldn't bet against it."
http://blogs.forbes.com/digita...up-and-vice-versa.html
