CBO Calculations Little More thanDisneylandon the Potomac Score Counts Revenues, Omits Expenditures
Shadegg: “Only inWashingtoncould a score this bizarre be taken seriously. The Congressional Budget Office’s (CBO) score of Baucus’ plan at $829 billion is based on 10 years of revenues raised but only seven years of expenditures. This kind of score makes Enron accounting look prudent and thoughtful.”
WASHINGTON, D.C.– Today, Congressman John Shadegg (AZ-03) issued the following statement in response to theCongressional Budget Office’s (CBO) wildly misleading report on the Senate Democrats’ plan to nationalize health care in America :
“Could you make your company’s profits or your personal finances look stunningly good if you issued an ‘independent financial analysis’ that counted ten years of income but only seven years of expenses? That’s exactly what the CBO did in their analysis of liberal Washington ’s calculated takeover of America ’shealth care system.
“The real spending inSenator Max Baucus’health care planstarts in 2013. But therevenue streambegins in 2010, including significantnew tax revenuesand cuts to Medicare and Medicare Advantage. Where else in America , besides in Washington , can you sell a program as being fiscally responsible based on an analysis that counts ten years of revenue but only seven years of spending?
“Only in Washington could a score this bizarre be taken seriously. The CBO’s score of Baucus’ plan at $829 billion is based on 10 years of revenues raised but only seven years of expenditures. This kind of score makes Enron accounting look prudent and thoughtful. In reality this plan will cost taxpayers over $2 trillion dollars.
“This latest, bizarre twist in thehealth care reformcharade just goes to show that Democrats in Congress will stop at nothing to socialize health care, not even the widespread promotion of abjectly fraudulent figures. No American should trust Washington ’sfuzzy math.”