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What are we to believe in regards to Obamacare?

I've been trying for over an hour to find a site that states how Obama care will help our economy. And so far, I've found nothing. ************************************************************************************************************************* The negativCongressional Democrats are using several budget gimmicks to disguise the cost of their health care overhaul, claiming the House and Senate bills would cost only (!) about $1 trillion over 10 years. Now that critics have begun to correct for those budget gimmicks, supporters of Obama Care are firing back. One gimmick makes the new entitlement spending appear smaller by not opening the spigot until late in the official 10-year budget window (2010–2019). Correcting for that gimmick in the Senate version, Sen. Judd Gregg (R-NH) estimates, “When all this new spending occurs” — i.e., from 2014 through 2023 — “this bill will cost $2.5 trillion over that ten-year period.” Another gimmick pushes much of the legislation’s costs off the federal budget and onto the private sector by requiring individuals and employers to purchase health insurance. When the bills force somebody to pay $10,000 to the government, the Congressional Budget Office treats that as a tax. When the government then hands that $10,000 to private insurers, the CBO counts that as government spending. But when the bills achieve the exact same outcome by forcing somebody to pay $10,000 directly to a private insurance company, it appears nowhere in the official CBO cost estimates — neither as federal revenues nor federal spending. That’s a sharp departure from how the CBO treated similar mandates in the Clinton health plan. And it hides maybe 60 percent of the legislation’s total costs. When I correct for that gimmick, it brings total costs to roughly $2.5 trillion (i.e., $1 trillion/0.4). ... When we correct for both gimmicks, counting both on- and off-budget costs over the first 10 years of implementation, the total cost of Obama Care reaches — I’m so sorry about this — $6.25 trillion. That’s not a precise estimate. It’s just far closer to the truth than President Obama and congressional Democrats want the debate to be. www.professorbainbridge.com/​professorbainbridgecom/2009/... ************************************************************************************************************************* About That CBO Score of Obama-care Repeal January 7, 2011 2:41 P.M. By Daniel Foster NRO has obtained a letter from CBO associate director Sandy Davis to Hill staffers summarizing new analysis on the government revenue/spending effects of Obama-care repeal. The analysis itself will be up on the CBO page presently, but here’s the letter with the relevant bit in bold: To interested Hill staff: CBO and the staff of the Joint Committee on Taxation (JCT) have not yet developed a detailed estimate of the budgetary impact of H.R. 2, the Repealing the Job-Killing Health Care Law Act, which would repeal the major health care legislation enacted in March 2010. Yesterday, we released a preliminary analysis of that legislation indicating that, over the 2012-2021 period, the effect of enacting H.R. 2 on the federal budget as a result of changes in direct spending and revenues is likely to be an increase in deficits in the vicinity of $230 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections for that period. We have been asked to provide the revenue and direct spending components of that total. Extrapolating the estimated budgetary effects of the original health care legislation and accounting for the effects of subsequent legislation, CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections. www.nationalreview.com/corner/256615/​about-cbo-score... Does anyone have any links that will show how this will improve the economy?

Asked By: Point - 2/4/2011
Best Answer - Chosen by Asker
There is no way in hell Obamacare could possible help our economy It's an overwhelming burden on businesses, states and individuals
Answered By: Radical Common Sense - 2/4/2011
Additional Answers (6)
It has been judged unconstitutional, they are now going ahead with implementing 0bamacare illegally, as they appealed the judges decision and lost. They are in contempt of court for doing so.
Answered By: Harold Balz - 2/4/2011
 
I guess it all depends on who's data you cherrypick to support your preconceived notions bro.
Answered By: Jeff-Spicoli - 2/4/2011
 
It's simply the Dumbocrats fostering a cruel hoax on their dumbarse followers. Sad little creatures these Liberal Socialists be.
Answered By: bluefishgertie - 2/4/2011
 
Obviously you wasted an entire hour search for Obamacare when you should have been looking under the Health Care Reform Bill: http://docs.house.gov/rules/health/111_ahcaa.pdf http://www.cbsnews.com/8301-503544_162-20000846-503544.html
Answered By: ☼Solar☼ - 2/4/2011
 
I believe that these type of program must NECESSARILY cost more money via taxes and taxes must ALWAYS hurt small business and private sector. Perhaps they want half of the country to works for the governments... More
Answered By: Redmen Rouge - 2/4/2011
 
Sorry, but you're going to battle to find anywhere that looks at the long-term consequences with an open mind, and yet concludes that Obamacare has benefits... More
Source(s):
Answered By: Cris Baker - 2/4/2011
 
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