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News

Does the CBO think that repealing Obamacare will help or hurt the deficit?

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Gateway Pundit reports that the Democrats have been telling everyone that repealing Obamacare will make the budget deficit worse.

The left-wing Washington Post says:

Rescinding the federal law to overhaul the health-care system, the first objective of House Republicans who ascended to power this week, would ratchet up the federal deficit by about $230 billion over the next decade and leave 32 million more Americans uninsured, according to congressional budget analysts.

The rough estimate by the Congressional Budget Office also predicts that most Americans would pay more for private health insurance if the law were repealed.

The headline of this left-wing Washington Post news article is “CBO says health care repeal would deepen deficit”.

The left-wing New York Times says:

The nonpartisan budget scorekeepers in Congress said on Thursday that the Republican plan to repeal President Obama’s health care law would add $230 billion to federal budget deficits over the next decade, intensifying the first legislative fight of the new session and highlighting the challenge Republicans face in pursuing their agenda.

The budget office estimated that the health care law, including education provisions, would reduce deficits over 10 years by $143 billion. Tax increases and cuts in projected Medicare spending would more than offset the cost of extending health insurance to millions of Americans. The budget office projected that the law would result in even bigger savings beyond 2019.

The headlines of this left-wing New York Times news article is “Republicans Are Given a Price Tag for Health Law Repeal, but Reject It”.

Wow, that sounds bad.

But is it true? Is it possible that the government can cover MILLIONS OF PEOPLE and have health care costs GO DOWN?

Well, look at the latest CBO numbers, straight from the CBO mailing list.

Excerpt:

CBO and the staff of the Joint Committee on Taxation (JCT) have not yet developed a detailed estimate of the budgetary impact of H.R. 2, the Repealing the Job-Killing Health Care Law Act, which would repeal the major health care legislation enacted in March 2010. Yesterday, we released a preliminary analysis of that legislation indicating that, over the 2012-2021 period, the effect of enacting H.R. 2 on the federal budget as a result of changes in direct spending and revenues is likely to be an increase in deficits in the vicinity of $230 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections for that period.

We have been asked to provide the revenue and direct spending components of that total.  Extrapolating the estimated budgetary effects of the original health care legislation and accounting for the effects of subsequent legislation, CBO anticipates that enacting H.R. 2 would probably yield, for the 2012-2021 period, a reduction in revenues in the neighborhood of $770 billion and a reduction in outlays in the vicinity of $540 billion, plus or minus the effects of forthcoming technical and economic changes to CBO’s and JCT’s projections.

Ah. So repealing Obama care would CUT SPENDING by 540 BILLION DOLLARS. And the only way to say that Obamacare can produce a surplus is by RAISING TAXES BY 770 BILLION DOLLARS.

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News

Democrat Barney Frank admits his role in causing the recession

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First, watch this video of Barney Frank obstructing regulators and defending Fannie Mae and Freddie Mac. (H/T Verum Serum)

Now look at this Boston Globe article.

Excerpt:

When US Representative Barney Frank spoke in a packed hearing room on Capitol Hill seven years ago, he did not imagine that his words would eventually haunt a reelection bid.

The issue that day in 2003 was whether mortgage backers Fannie Mae and Freddie Mac were fiscally strong. Frank declared with his trademark confidence that they were, accusing critics and regulators of exaggerating threats to Fannie’s and Freddie’s financial integrity. And, the Massachusetts Democrat maintained, “even if there were problems, the federal government doesn’t bail them out.’’

Now, it’s clear he was wrong on both points — and that his words have become a political liability as he fights a determined challenger to win a 16th term representing the Fourth Congressional District. Fannie and Freddie collapsed in 2008, forcing the federal government to buy $150 billion worth of stock in the enterprises and $1.36 trillion worth of mortgage-backed securities.

Frank, in his most detailed explanation to date about his actions, said in an interview he missed the warning signs because he was wearing ideological blinders. He said he had worried that Republican lawmakers and the Bush administration were going after Fannie and Freddie for their own ideological reasons and would curtail the lenders’ mission of providing affordable housing.

“I was late in seeing it, no question,’’ Frank said about the lenders’ descent into insolvency.

Republican Sean Bielat, who is trying to unseat Frank, has been hammering away at him with a website titled “Retire Barney’’ that features clips of Frank at the 2003 hearing and elsewhere. During debates this week, he called Frank “one of the leaders of the economic disaster’’ because he supported Fannie and Freddie when they were taking the risks that led to their collapse.

You can watch Barney Frank debate Sean Bielat. Bielat is 35 years old, while Frank is 70 years old and looks sleepy.

I think Barney Frank is the most responsible for the recession

Here he is in 2005 claiming that fears of a housing bubble are unfounded.

Here’s the timeline showing who wanted to regulate Fannie and Freddie, and who blocked regulation.

Here’s video from a hearing showing Democrats opposing regulations:

That’s right – Republicans wanted to regulate Fannie Mae and Freddie Mac, and Democrats said Fannie Mae and Freddie Mac are “doing a tremendous job”.

Fannie Mae and Freddie Mac had paid the Democrats off handsomely during multiple election cycles, but I’m sure that the Democrats’ opposition to regulations had nothing to do with those political contributions.

Here’s Barney Frank endorsing Obamacare’s public option as a way to reach single-payer health care.

Commentary

Miriam Grossman lectures at the Heritage Foundation on sex education

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Dr. Miriam Grossman gave a wonderful lecture for the Heritage Foundation.

Here’s the abstract:

The principles of sexual health education are not based on the hard sciences. Sex education is animated by a specific vision of how society must change, and because of this, sex ed curricula omit critical biological truths and endorse high-risk behaviors. The priority for SIECUS, Planned Parenthood, and Advocates for Youth is not the health and well-being of young people. These federally funded organizations are fighting “repression” and “intolerance,” not herpes or syphilis. But when sexual freedom reigns, sexual health suffers. Our children are being taught that you can play with fire, and we are obligated to inform them of the risks they face and to teach them biological truths, even when they are politically incorrect.

And here’s a scary excerpt:

You’re all familiar with the epidemics of STIs, sexually transmitted infections, in this country, but there’s another one. It’s a man-made one. It’s an epidemic of ignorance, misinformation, and duplicity.

If you go to the medical library and browse through the journals, you will learn some amazing things, such as a girl’s cervix is more easily infected by sexually transmitted infections than a woman’s because it has yet to mature. Boys and men don’t have a corresponding area of vulnerability in their reproductive system. The neurobiology of teen girls is unique, and it makes a girl’s developing brain more vulnerable to stress, especially the stress of failed relationships.

You’d learn that the adolescent brain functions differently from an adult’s. The area responsible for reasoning, suppression of impulses, and weighing the pros and cons of one’s decisions is not fully developed. Furthermore, under conditions that are intense, novel, and stimulating, teens’ decisions are more likely to be shortsighted and driven by emotion. You would discover that oral sex is associated with cancer of the tonsils and throat. The human papilloma virus infects those areas just like it does the cervix.

You’d find loads of articles—in fact, entire books— about oxytocin, a hormone that tells the brain, “You’re with someone special now; time to turn caution off and trust on; time to create an emotional bond.” In both sexes, oxytocin is released during cuddling and kissing and sexual touching, but estrogen ramps up the effects of oxytocin, and testosterone dampens them.

[…]You’d learn also that the healthy vagina, due to its architecture and biology, is an unfriendly environment for HIV, while the rectum has cells that facilitate the entry of HIV directly into the lymphatic system. This and many, many more things have been known for years, but when you turn to sex ed curricula and, most disturbing, the Web sites that are suggested to young people and their parents, nothing: none of this information.

So there is a man-made epidemic of ignorance: ignorance of biological truths that should be central in any sex ed curriculum or parent education program. Awareness of these truths can save lives.

I put the responsibility for the epidemic of ignorance directly on those organizations that are at the helm of teaching sex education because, contrary to their claims and promises, their programs are not comprehensive; they are not science-based or medically accurate or up-to-date.

I’ll go even further: They are not about preventing disease. Sex ed is a social movement. Its goal is to change society. The primary goal of groups like SIECUS, Planned Parenthood, and Advocates for Youth is to promote sexual freedom and to rid society of its Judeo–Christian taboos and restrictions.

The rest of the lecture contains specific examples of how sex educators put children at risk.

I read Dr. Grossman’s first book, and I bought her second book, and I really, really recommend these books to people who think that sex is harmless and that sex educators have no agenda that they are trying to push on children. I sometimes complain that women don’t do a good enough job of voting well and preparing themselves to protect their children from the political left. Reading the work of Dr. Miriam Grossman on sex education would be a good start. Then you can go on and read about day care and no-fault divorce, too. There are bad people out there and they do not want what is best for children.

UPDATE:

Commenter Jim writes:

You can view streaming video of her lecture here. Note: Lengthy introductions; Dr. Grossman begins at 6:28.

Also, you can view streaming video of a lecture on her first book Unprotected: A Campus Psychiatrist Reveals How Political Correctness in Her Profession Endangers Every Student here. Note: Dr. Grossman begins at 4:20.