Garrett allows McCain to falsely claim health care reform is "2.5 trillion in debt on future generations"
Fox News' Major Garrett allowed Sen. John McCain (R-AZ) to falsely claim current health care legislation would be "2.5 trillion in debt on future generations of Americans." In fact, the non-partisan Congressional Budget Office estimated that the legislation would reduce deficits during and beyond the next 10 years.
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From the February 26 edition of Fox News' Special Report with Bret Baier:
GARRETT: Republicans appear willing, even eager, to debate cost, coverage, and what they consider to be the legislation's overwhelming complexity.
McCAIN: what was not in the room yesterday was American public opinion, which is obviously -- want us to start over, want us not to pursue this massive $2.5 trillion debt on future generations of Americans.
GARRETT: What the country saw yesterday was bipartisan dialogue and the sounds of conciliation that may produce something. But the scorecard is clear on these key issues: Republicans want the president to start from scratch; the White house says no. Republicans want to take an incremental approach; the White House says no. Republicans want the White House to abandon the idea of reconciliation; again, the White House says no. And Bret, all that was true before seven and a half hours of talks yesterday.
Fact: CBO estimated that health reform bills would reduce deficits over next 10 years and beyond
CBO: Senate bill yields "a net reduction in federal deficits of $132 billion" over 10 years. On December 19, 2009, CBO reported of the Senate bill incorporating the manager's amendment: "CBO and JCT estimate that the direct spending and revenue effects of enacting the Patient Protection and Affordable Care Act incorporating the manager's amendment would yield a net reduction in federal deficits of $132 billion over the 2010-2019 period."
CBO also estimated on December 20, 2009, that the bill will continue to reduce the deficit beyond the 10-year budget window that ends in 2019 "with a total effect during that decade that is in a broad range between one-quarter percent and one-half percent of GDP."
CBO estimated the House bill will result in $138 billion in deficit reduction through 2019. On November 20, 2009, CBO reported of the House health care reform legislation, "CBO and JCT now estimate that the legislation would yield a net reduction in deficits of $138 billion over the 10-year period." CBO also stated in its November 6, 2009, estimate that "[i]n the subsequent decade, the collective effect of its provisions would probably be slight reductions in federal budget deficits. Those estimates are all subject to substantial uncertainty."
Garbage in, garbage out.
Tell the CBO you're going to tax for 10 years and pay out for 6 years and that's how they calculate it.
As I said, garbage in garbage out.
He said future generations (plural). Assuming a generation is 20 years, in 2 generations there will be 1.8 million people who are dead from a lack of health care (45,000 per year x 40 years).
That comes out to $1,388.89 to keep each one from dying. Doesn't sound too bad to me considering that's less than the cost of one bomb.
Randy
At this very moment the pharmaceutical industry is conspiring to outlaw vitamins to force you onto their expensive drugs.
You idiots have no idea the pandora's box that you are opening.
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I really wish the government would go back to what the Constitution tells them to do like defend the country, coin legal money, etc.
On the bright side, the tin foil industry is doing well as long as your ilk is around.
Randy
Your funding of the health care system with government in control will mean more collusion between pharmaceutical and FDA.
You are the blind one.
Randy
Recently big pharma tried to *regulate* a 3000 year old spice that treats cancer.
You idiots make me sick, but not sick enough to seek government health care.
Sounds like you have already done that, considering where that is where your head is. Big Pharma doesn't regulate anything, the FDA does. And Big Pharma would like nothing more than the FDA to go away.
The FDA is what prevents the importation of drugs from other countries.
Look how well the government did in the mortgage market. Expect the same level of performance in health care.
You're a bunch of busy bodies sticking your nose where it doesn't belong.
The mortgage market screwed itself up because there was no government oversight.
Your a tin foil hat wearing nutjob.
special protection for drug makers who lobby against Medicare drug price negotiation and reimportation of cheaper generic drugs
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idiot
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An Argentinian couple reportedly killed themselves and shot their two young children, one of whom actually survived despite being shot in the chest and going days before someone found her. Police say the suicide note explained the couple was afraid of global warming.
Recently big pharma tried to *regulate* a 3000 year old spice that treats cancer.
You idiots make me sick, but not sick enough to seek government health care.
It will take awhile for some additional unraveling but keep working on it.