Quote of the Day - Paul Krugman Edition Part Two

‎"We are not having a debt crisis. It’s important to make this point, because I keep seeing articles about the “fiscal cliff” that do, in fact, describe it — often in the headline — as a debt crisis. But it isn’t. The U.S. government is having no trouble borrowing to cover its deficit, No, what we’re having is a political crisis, born of the fact that one of our two great political parties has reached the end of a 30-year road."

Paul Krugman of The New York Times

So as long as we can keep borrowing, spending isn't a problem according to this lunatic.  The CBO estimates that the U.S. will be paying $778B in interest alone by the year 2020.  3.4% of GDP  

No problem whatsoever.  

Quote of the Day - Douglas Holtz-Eakin Edition

The protestors of the Occupy Wall Street complain about the unfairness of the bailout, unemployment, and taxes. But to make the U.S. economy more fair, Washington needs to use the capitalist system, not to destroy it.

Douglas Holtz-Eakin, President of American Action Forum and Former Director of the Congressional Budget Office.  He is respected on both sides of the aisle.  

Told Ya - True Costs of Healthcare Emerge

This is will be on of many told you so's to come.  Instead of the government being responsible about healthcare, they pulled together a bunch of junk that will only raise costs and take away healthcare availability for the majority of Americans.  November can't come soon enough to throw out these bozos.

CBO Estimate

EFFECTS ON INSURANCE COVERAGE /a


2010 2011 2012 2013 2014 2015 2016 2017 2018 2019



(Millions of nonelderly people, by calendar year)


Current Law Medicaid & CHIP 40 39 39 38 35 34 35 35 35 35 So, are they estimating that the amount of poor children is going down, or they won't have coverage?


Coverage /b Employer 150 153 156 158 161 162 162 162 162 162


Nongroup & Other /c 27 26 25 26 28 29 29 29 30 30


Uninsured /d 50 51 51 51 51 51 52 53 53 54


TOTAL 267 269 271 273 274 276 277 279 281 282


Change (+/-)


Medicaid & CHIP * -1 -2 8 7 13 14 14 15 15 This coverage is specifically for children.

Employer 1 1 1 12 11 7 7 7 7 6 This is all proof one needs that employer based insurance will be phased out. The above numbers say without changes 162 million would be covered by employer based insurance in 2019. With this bill that number would only increase by 6 million. Which means 8 million people will lose employer based insurance.

Nongroup & Other /c * * * -3 -4 -6 -6 -6 -6 -6


Exchanges 0 0 0 9 14 19 20 20 20 21


Uninsured /d * * 1 -25 -28 -34 -34 -35 -35 -36

10th Ammendment and HealthCare - CBO Report

Hey Speaker, this is why people are asking if this bill is unconstitutional. 

In addition, the bill would preempt state and local laws that conflict with or are in addition to new federal standards established by the bill. Those preemptions would limit the application of state and local laws, but CBO estimates that they would not impose significant costs.


As conditions of federal assistance (and thus not mandates as defined in UMRA), the bill also would require state and local governments to offer health insurance to their employees and would require “maintenance of effort” payments associated with high-risk pools. New requirements in the Medicaid program also would result in an increase in state spending.

page 9 of the CBO estimate