Spending money; no budget, no legislation, no problem

2015

E-mail from the Congressional Budget Office

New from CBO

Analysis of the Administration’s Announced Delay of Certain Requirements Under the Affordable Care Act

Report

The recently announced one-year delay in the imposition of certain penalties and requirements under the Affordable Care Act will raise the 10-year costs of its health insurance coverage provisions by an estimated $12 billion.

We argue over budgets, deficits, spending and just about everything else and yet with questionable authority a bureaucratic decision based on bureaucratic failure (under admittedly difficult circumstances) spends $12 billion … no problem!

2 comments

  1. So, $12 B eh?! Do you think anyone will notice given the recent historical and projected future federal budget deficits?

    Ending September 30
    2008 (Bush) 458B
    2009 (Bush 4 months, Obama 8 months) $1,413B
    2010 (Obama) $1,293B
    2011 (Obama) $1,296
    2012 (Obama) $1,089
    2013 (Projected as of July 8th) $759B
    2014 (CBO Projected – with all the new taxes, sequester, Doc Fix cuts, etc.) $ $616B
    2015 $430B
    2016 $476B
    2017 $535B
    2018 $605B
    2019 $710B
    2020 $798B
    2021 $854B
    2022 $957B
    2023 $978B

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  2. As much as I dislike conspiracy theories, I can’t help but think that delays of penalties, dispensations to certain businesses and groups of the negative impacts of Obamacare are designed to get past the 2014 congressional elections. After that it will be “STAND BY FOR A RAM”

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