Pelosi and Co. have been all over the place today, playing up an alleged $940,000,000,000.00 CBO estimate for the Democrats’ health care plan.
However, the “preliminary estimate” released by the CBO today was made without any access to the reconciliation package. So, in essence, it’s little more than a shot in the dark – a guess based on final language that may or may not end up towing the financial line.
The CBO put it this way, on the first page of page of their estimate:
Although CBO completed a preliminary review of legislative language prior to its release, the agency has not thoroughly examined the reconciliation proposal to verify its consistency with the previous draft. This estimate is therefore preliminary, pending a review of the language of the reconciliation proposal, as well as further review and refinement of the budgetary projections.
So, in other words, the CBO issued an preliminary estimate, based on language from a prior draft of the bill, without complete, current language. A real CBO review won’t be possible until the final draft of the reconciliation language is presented. Until that happens the math is just as phony as Phil Jones’ hockey stick.
Beyond that, almost all of the $940 Billion is spent in just Six Years!
This “report” is meaningless to anyone other than Pelosi and the President.
- Robert Laurie
Read the full CBO report HERE
Check out five other reasons the numbers are completely phony Here