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CBO says HCR Bill will save $130B in First Ten Years and $1.2T in Second Ten Years

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I know a lot of my friends on the right are stressed about the Democrat’s healthcare bill, so here’s a bit of positive news that might help just a tad:

Politico has this:

“The Congressional Budget Office has determined that the health reform plan will cost $940 billion over 10 years, but will trim the federal deficit by $130 billion in the first ten years and $1.2 trillion in the second ten years, House Majority Leader Steny Hoyer said. Those deficit numbers should help ease the worries of deficit hawks on the fence about supporting the bill.”

Saving $1,330,000,000,000 has to be a good thing.

Consider this an HCR Open Thread.


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/ 16 Comments

16 comments

  4. John Allen

    Once it is done (knock on wood) there will be some side benefits. Obama should get a huge lift in his favorables on the passage of this bill. The same should be true for Pelosi. She has shown herself to be an effect leader of the House. I saw this in her a couple of years ago and have always viewed her more favorably than many on the left. I think my support of her as Leader will soon be validated.

  5. DTOzone

    a lot of credit has to go to former Congresswoman Marjorie Margolies-Mezvinsky of Pennsylvania (coincidently Chelsea Clinton’s future mother-in-law).

    Her editorial the past week in WaPo saying how she knew she lost her seat in 1994 for being the deciding vote for Clinton’s budget and she would do it all over again struck right to the heart of the fears of many Democrats, both elected and not. I showed it to a friend of mine who has been arguing for some time that Democrats should “save themselves and drop healthcare” and he was pretty blown away by it.

    The long term effect of Mezvinsky’s vote is that even though she lost the seat to the GOP in 1994, Joe Hoeffel, who was perhaps more liberal than Mezvinsky, won the seat back a few years later and now it’s a solidly Democratic seat represented by Allyson Schwartz.  

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