Congressional Budget Office

Posts Tagged ‘Congressional Budget Office’

Heath Care Reform Bill vs Constitution

Posted in Ahrcanum, Secrets, Lies, & Truth, tagged bible, CBO, CBO estimates, Congressional Budget Office, Declaration of Independence, Dennis Kucinich, Douglas W. Elmendorf, Elmendorf, health, health care, health care reform, health insurance, healthcare, Healthcare reform, how many pages in the health care reform bill, how many pages in the tax code, insurance, IRS, just get the damned vaccine, Politics, Slaughter Solution, Swine Flu Conspiracy, Swine Flu Report, Taxes, Timothy Geithner, transparency, War and Peace, Words on March 19, 2010| 3 Comments »

How can anyone figure out The Heath care Reform Bill when people can’t even figure out the Tax Code?

Republican Rep. Jason Chaffetz, R-Utah, is irked that nearly 100,000 civilian federal employees owe the IRS $962 million in back taxes. He thinks they should pay up or be fired. Chaffetz has introduced a bill that calls for the federal government to “ferret out” civilian employees who have “seriously delinquent tax debt” and prevent the hiring of other tax delinquents. More than 3 percent of the 2.8 million federal civilian employees owed the Treasury unpaid federal income taxes in 2008, according to the IRS. If you include retirees and military service members, the numbers go from nearly 100,000 up to 276,000 current or former workers who owe $3 billion in taxes. Writes, http://thewere42.wordpress.com/2010/03/19/tax-scam-uncle-sam-you-oughta-be-fired-says-utah-rep-chaffetz/

How many pages of tax code are there?

Title 26 contains all the Federal IRS CODE.
Title 26 contains 20 Volumes.
All 20 volumes contain a total of 14,872 pages of tax code.
All 20 volumes weight in at 35 Pounds
All 20 volumes cost $1,080.00

Obtained from the GPO- Government Printing Office, as of April 1st 2009, 14,872 pages of tax code. It is over 24 times longer than the King James version of the Bible at 608 pages. Over 11 times longer than War and Peace by Leo Tolstoy-1296 pages. It’s 20 volumes are about 5 feet thick! Laying the pages end to end it would be over 2.5 miles The average reader would take 31 days of non stop reading to read all of the tax codes.

How many pages in the Health Care Reform Bill?

It too runs more pages than War and Peace, has nearly five times as many words as the Torah, and its tables of contents alone run far longer than this story…it clocks in at 1,990 pages and about 400,000 words. With an estimated 10-year cost of $894 billion, that comes out to about $2.24 million per word….Republicans aide said a print-out of the bill weighs more than 19 pounds and stands nearly nine inches tall. North Carolina Republican Rep. Patrick McHenry, 34 years old and a few inches taller than 5 feet, said the bill could act as a ”booster seat.” …Asked why the House will vote on the roughly 400,000-word bill in a week when it takes a congregation a year to read the 80,000-word Torah at a synagogue, Rothman, who is Jewish, exhibited the wisdom of a Talmudic scholar.

Republican Rep. Joe Barton, who is Texan, said the bill is “about four reams of paper” that add up to the American public “getting reamed.” http://www.politico.com/news/stories/1009/28904.html#ixzz0icyWyX2Y

Treasury Secretary Timothy Geithner and numerous other politicians can’t figure out the tax code. Do you really think regulators can find a way, let alone to comprehend it’s meaning to find a means of enforcement and overhaul of the health care reform bill?

Douglas W. Elmendorf, director of the Congressional Budget Office

The Congressional Budget Office (CBO) has yet to publish the impact of the passage of the health reform bill in full on its web page at http://www.cbo.gov/publications/bysubject.cfm?cat=9 The CBO and Joint Committee on Taxation (CT) did manage a five page preliminary estimate of spending and revenue effects at http://www.cbo.gov/ftpdocs/113xx/doc11355/hr4872.pdf

The CBO and JTC read the entire 2,000 or so pages and managed to sum up the cost in five pages? Oh, bull crap and Director Douglas W. Elmendorf four-year term began on January 22, 2009 has admitted as much, saying:

Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.

The reconciliation proposal includes provisions related to health care and revenues, many of which would amend H.R. 3590; those provisions account for most of the budgetary impact of the proposal. It also includes amendments to the Higher Education Act of 1965, which authorizes most federal programs involving postsecondary education; the education provisions account for net outlay savings of about $19 billion over the 2010-2019 period. http://cboblog.cbo.gov/?p=508

Even the CBO has not had time to read it, let alone calculate it’s cost. What happened to Obama promising transparency?

CNN and everyone but Fox claimed we were saving millions while reducing the deficit. You sure I can’t sell you and Easy Bake oven? It works, really!

“Initial analyses have already raised a number of concerns with the bill, particularly with regard to the tricks used to give the impression that the bill’s total cost actually fits within the guidelines imposed by the administration,” wrote Reason at http://reason.com/blog/2009/10/30/900-billion-house-health-care

Yes, there are millions of Americans who support health care reform, but almost all the polls we’ve seen show that the majority of Americans do not support this huge burden that is laden with pork and educational reform.

Folks, this is the same government that said, “Just get the damned vaccine.”

America’s spent $1.5 billion for the 250 million swine flu vaccines. In addition, Congress has set aside more than $10 billion this year to research flu viruses, monitor H1N1’s progress and educate the public about prevention. https://ahrcanum.wordpress.com/2009/10/28/swine-flu-vaccines-unused-government-healthcare-wakeup-call/

We get it already, wash your hands.

We recommend reading the Bible instead of reading the tax or the healthcare bill; encouraging you to pray this bill fails to garner enough votes. As for Rep. Dennis Kucinich , D-Ohio (voted suck ass of the week by Ahrcanum) announced his House vote as a yes for believing in President Obama’s deluded vision that this bill works. He’ll be praying for a job come next election. So will a whole lot of other Democrats. Throw Louise Slaughter in the mix for proposing the “Slaughter Solution” while we’re at it. See ya, wouldn’t want to be ya.

The Declaration of Independence is 1337 words long. The U.S. Constituion, that occupies four sheets of parchment has 4, 543 words. You ought to read it sometime to see how President Obama is destroying it.

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National Debt Disgrace with Obama & PAYGO

Posted in Ahrcanum, Secrets, Lies, & Truth, tagged Ahrcanum, bait and switch, balanced budget, Budget Deficit, chardonnay, climate change, Congressional Budget Office, debt, discretionary spending, Entitlements, federal budget, filibuster, GDP, George Bush, Gitmo, government debt, Green industry, Guantanamo Bay, I.O.U.S.A, IOUSA, Japan, Joseph Lieberman, Kyoto Protocol, Lindsey Graham, National Debt, National Debt by Country, National Debt Clock, National Debt Disgrace, North Korea, Obama Budget, pay as you go, PAYGO, photo amendment, Politics, President Obama, Saki, Socialism, TARP, tax increases, Taxes, torture photos, Trade Deficit, transparency, Troop Funding on June 10, 2009| 1 Comment »

The non-partisan Congressional Budget Office projects that publicly held debt will reach 56.1 percent of GDP under current law. If President Obama’s budget is implemented, CBO projects debt to reach 82.4 percent of GDP according to http://www.heritage.org/research/features/BudgetChartBook/Obama-Budget-Increase-Debt-26-Percent-GDP.aspx

You can keep track of our spending ways at the National Debt clock http://www.brillig.com/debt_clock/

While George Bush may not be a saint, but Obama is looking more and more like a sinner- spending more than any other President in history. The National Debt was $10.6-trillion on the day Barack Obama took office, if his budget projections come to fruition, he’ll run up nearly as much government debt in four years as President Bush did in eight.

From, A Pfennig for For your thoughts http://www.dailypfennig.com/ , “we’ll see the Budget Deficit, which is expected to be $180 Billion for the month of May… If it tallies there at $180 Billion, the Budget Deficit in the first 5 months of this year will have exceeded $650 Billion… And that’s before the $787 Stimulus gets added… And other items that will come along… And don’t forget that we posted a deficit in April! I still believe the Budget Deficit will be at least $3 Trillion this year! That would push our National Debt to around $14 Trillion…” For a great explanation of “why do the annual federal budget deficits not match increases in the national debt,” visit http://www.independent.org/blog/?p=2355

Twice as nice for a Wednesday, both Trade Deficit and Budget Deficit will be released today. Ten Banks are going to repay their TARP (troubled assets relief program) funds, to the tune of nearly $70 billion, but that will barely put a dent in America’s economic decline, say nothing of the move toward socialized everything.

Senators Joseph Lieberman (I-Conn.) and Lindsey Graham (R-S.C.)”vowed again Tuesday to vote against — and, if possible, filibuster — the troop-funding bill and all other legislation until they get their way,” according to http://www.huffingtonpost.com/2009/06/09/lieberman-graham-threaten_n_213262.html The hissy fit is over a photo amendment that would prevent the release of the Gitmo torture photos forever and ever.

“Transparency in government is an American value, but it is not without limits, no more than any of the values embraced in our Constitution,” Lieberman said. “The transparency in this case is needless and dangerous transparency.”

Their actions have merit. The world does not need to see how low America stooped. Too bad these two didn’t have the balls necessary during the campaign to warn that an Obama administration of transparency, would only come when it was convenient for Obama. If nothing else, this Senate delay saves us a few bucks while the debate goes on.

According to CNN- President Barack Obama on Tuesday proposed making “pay-as-you-go” rules for federal spending into law. The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere. By all accounts, added entitlement spending will be offset with spending cursor tax increases. Talk about bait and switch!

ABC points out, “discretionary spending – roughly 40% of the federal budget – is not covered by PAYGO.” The PAYGO rules will apply to new tax cuts and mandatory spending, with four major exemptions – any renewal of the 2001 and 2003 tax cuts, the continued efforts to “patch” the Alternative Minimum Tax, any effort to address physician’s payments in Medicare, and modifying the estate tax.” http://blogs.abcnews.com/politicalpunch/2009/06/president-obama-paygo-and-the-deficit-hole.html

“”This is like quitting drinking, but making an exception for beer and hard liquor,” said Maya MacGuineas, President of the Committee for a Responsible Federal Budget (CRFB). “Exempting these measures from PAYGO would increase the ten-year deficit by over $2.5 trillion dollars. That’s not fiscal responsibility.” I’ll have a nice chardonnay please, and it better not be the frig from France.

60% of the budget is not subject to PAYGO. Why is no one having a hissy fit over that? While President Obama may enjoy a 60% approval rating, PAYGO and his expensive socialistic plans still don’t achieve his goals. Bush might have spent a pretty dime, but at least is was shining in democracy.

props to http://chalktalk-talk.blogspot.com/2009/06/worldwide-national-debt.html on the Percent of GDP. Japan debt is equally dismal especially in light of recent military actions on the part of it’s neighbor North Korea. Obama who continues his spiel of climate change for jobs might want to take a look at Japans which “is doing the smart thing by not meeting it’s ‘Kyoto Protocol’ targets and is only pledging to cut it’s future CO2 emissions by 8%. Via http://motorcitytimes.com/mct/japan-will-protect-its-economy-first/ Right now they need jobs and so do we.

I think I”ll have a Saki instead of that chardonnay after all.

My share of I.O.U.S.A. debt leaves little room for more than a sip out of the White House Fountain.