Comments on: CBO’s score: Cloudy with a chance of bankruptcy http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: tallshipper http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29413 Fri, 19 Mar 2010 04:05:28 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29413 Mr Pitts argues by ridicule rather than by facts and analysis. Only in America. He challenges the idea that increasing government spending can result in a net cut in the deficit. He does this on behalf of a party that has argued since 1980 that cutting taxes will increase revenues. An idea can be counter-intuitive and still be correct.
I would have been interested to see a real analysis of the accuracy (or, I suspect, lack of accuracy) in CBO estimates. That is why I read the article. The best I got was one anecdote from 1967 about the cost of Medicare estimate for 1990. Did Mr. Pitts correct for inflation and for the extraordinary, unexpected run-up in the cost of health care as a % of GNP from 1967 to 1990? He did not, although those were the main reasons the 1965 estimate was so far off.
I look for both analysis and opinion in such columns, but found neither here. What I found was slurs, smog and misrepresentations. Am I on the Reuters site, or have I become lost in Murdoch land?

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By: Story_Burn http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29412 Fri, 19 Mar 2010 02:40:37 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29412 ah, numbers, schnumbers….I want the $3 trillion we spent in Iraq back

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By: BTUBill http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29411 Thu, 18 Mar 2010 21:56:48 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29411 The problem is that, because the states share in the cost of these federal entitlement programs (especially Medicare and Medicaid), much of the cost in over runs will fall upon the states.

Practically every state in the nation is already cutting back on higher education. Personally, I think colleges should just eliminate sports (the only college athletic programs that make money are the top ten football teams) to save money, not eliminate entire academic programs.

Most athletic scholarships are for Black athletes, and they are notorious for skating through on grade school academic abilities. Obama wants a “Rush to Excellence” in education – let’s start with college athletes, and require them to have Notre Dame level smarts. College is for learning not sports.

Many states are already cutting back on k-12 education as well. Detroit closed 40 schools, Kansas City almost as many. These closings are in Black, inner-city communities that don’t have the tax base.

Arguably, the Black community stands the most to benefit from this Health Care bill. 99.9% of Blacks form Obama’s Revolutionary Guard, supporting him righteously on this and other social welfare issues.

So be it. Let them have their Health Care. Once their schools start closing by the boatload they’ll come running to Washington for another $1 trillion dollar bail out. But guess what? There won’t be any money left.

Medicaid is already bankrupt. This bill will exacerbate the problem.

Social Security is worse than bankrupt; they’re having to cash in IOU’s from the Treasury Department from funds Congress has siphoned off Social Security for the decades now.

Apparently bankrupt-this-year isn’t good enough. The new norm is bankrupt-for-the-next-decade. This Health Care bill bankrupts us by this new norm, spending all our disposable income for the next ten plus years.

This is what we get when the 50% of Americans who pay no taxes are all Democrats, and they demand government to provide more of the same – free education, free schools, free colleges, and now free medical care.

Soon they will pay the cost of all this: no jobs. Ironically, a decent job is the best education, the healthiest activity, and the most life-enriching thing of all. At least they have their guns and their churches to depend on in hard times, like Obama so famously said.

Personally, I think we should be spending all this on a $1 trillion jobs bill. If kids can’t hack regular high school, send them to vocational school to learn a trade. If they still drop out; well, there’s always a military draft for people who need some discipline and direction.

Hiel to the Chief.

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By: linus71 http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29410 Thu, 18 Mar 2010 21:48:29 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29410 Great insight by PJ Pitts.

With nationalized healthcare the whole USA will become like Detroit.

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By: cmar http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29409 Thu, 18 Mar 2010 21:13:32 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29409 Simply irresponsible. Shame, shame, Reuters.

CMPI is well known as a pharmaceutacal funded orgnanization doing whatever it can to spread misinformation about legislation which is going to cut the cost of drugs.

Even if you didn’t know this, you would guess that CMPI has a dog in this hunt by the Pitts uses broad sweeping generalizations and by the wide ranging condemnation of the CBO, which is pretty well thought of.

This is a far cry from honorable journalism, and your silly little disclaimer does nothing to change my view. Are you going to be journalists or are you just going to play at it?

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By: frank654 http://blogs.reuters.com/great-debate/2010/03/18/cbos-score-cloudy-with-a-chance-of-bankruptcy/#comment-29408 Thu, 18 Mar 2010 20:51:40 +0000 http://blogs.reuters.com/great-debate/?p=6810#comment-29408 Where do you people (Reuters) find these “analysts” every time something favorable to the White House is reported? Nobody complained that CBO has bad track record when it reported that health care reform would cost more then what the government was saying.

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