By Gorman Gorman

Oct 8, 2009 8:18am

The Score: Cost estimate is huge boost — and here comes the left, again

ABC News’ Rick Klein reports: What’s the opposite of sticker shock?

Assuming you believe the Congressional Budget Office numbers — or even if you don’t — and assuming you’re not bothered by the big holes left by the Senate Finance Committee bill — or even if you are — new hope entered the health care push with the relative bargain that health care reform might be.

Democrats’ challenge is to take a score and win the whole game with it. A 10-year cost of $829 billion isn’t all that cheap — and net cost savings may not be all that realistic — but this bill represents a framework that suggests what’s possible this year.

The White House now must grow support without growing the bill. And they must navigate concerns over the public option — even while new grass-roots efforts launch to bring Democrats on board for it — while dangling the Finance bill to entice the moderates, and maybe a Republican or two — plus making health care enough about 2010, though not too much…

So we’re not there yet, and even not through the Finance Committee yet (though that could happen by the end of the week). Don’t look now, but there’s a window here for getting something done.

“The odds have gone way up,” ABC’s George Stephanopoulos said on “Good Morning America” Thursday. “This news from the Congressional Budget Office is the biggest boost the White House has had in weeks. . . . It’s likely to happen by the end of the year.”

In the meantime — mobilizing the left: FireDogLake’s Jane Hamsher and company on Thursday launch Public Option Please, a clearinghouse for information and mobilization for activists pressing for the inclusion of a public option in a final health care bill. http://publicoptionplease.com/home/

From the press release: “Inspired by the work of Marshall Ganz, who organized the field training for the Obama campaign, POP seeks to inspire people to accept the challenge of shaping  a future where health care is available to everyone by advocating for the public option right now.”

(Sound like Organizing for America, in an alternate universe?)

Also up Thursday: the Progressive Change Campaign Committee is starting an online petition drive to send signatures to Senate Majority Leader Harry Reid, D-Nev. The statement they’re endorsing: “Any Democratic senators who support a Republican attempt to block a vote on health care reform should be stripped of their leadership titles. Americans deserve a clean up-or-down vote on health care.” In OFA’s real world — the AP’s Beth Fouhy: “Fired up? Ready to go? You might not know it from the way President Barack Obama’s grass-roots supporters have been largely drowned out in the raucous debate over his health care plan. Yes, they’re behind him, officials say — volunteering in their communities and contacting lawmakers in Congress. But some Obama organizers are calling their forces a ‘silent majority,’ embracing Republican terminology of long ago. And if the final legislation doesn’t include a government run plan to compete with private insurers, they may be invisible, too.” New national snapshot, out Thursday morning: “American voters oppose 47-40 percent President Barack Obama’s health care reform plan, and don’t want an overhaul that only gets Democratic votes, but they support key parts of the plan, including 61-34 percent for giving people the option of a government health insurance plan that competes with private plans, according to a Quinnipiac University national poll released today.”

Stoking fears — and setting a narrative’s course: “Passing health-care reform could be harmful to the health of congressional Democrats,” Karl Rove writes in his Wall Street Journal column. “What Democrats have to keep in mind is that there are two fights going on here — one over health care and another over which party will control Congress after next year’s elections. By waging the first, they may be setting themselves up to lose the second.” 

But for the day — it’s the CBO glow: “The much-anticipated cost analysis showed the bill meeting President Obama’s main requirements, including his demand that health legislation not add ‘one dime to the deficit.’ Indeed, the budget office said, the bill would reduce deficits by a total of $81 billion in the decade starting next year,” Robert Pear and David M. Herszenhorn write for The New York Times. “The report clears the way for the Finance Committee chairman, Senator Max Baucus, Democrat of Montana, to push for a panel vote within the next few days, and sets the stage for Democrats to take legislation to the floor for debate by the full Senate this month.”

It marks “a major step forward for Democrats’ plans to overhaul American health care,” The Wall Street Journal’s Janet Adamy and Jonathan Weisman report. “After appearing in peril in August, the health-care overhaul has cleared a series of hurdles in recent weeks that have given Democrats increased confidence they will pass a bill. Lobbyists on both sides of the issue have shifted their focus to what the bill will look like rather than questioning whether a measure can succeed.”

“Dan Pfeiffer, a White House spokesman, called the budget office score ‘another big step forward for enacting health reform.’ ”

If you can cut Medicare, you can cut the deficit (big if, but still): “The $829 billion legislation would cut the deficit by $81 billion over 10 years, with new taxes and savings more than offsetting the cost, the CBO said in a preliminary analysis yesterday. That eases one of the major concerns about the bill,” Bloomberg’s Kristin Jensen and Brian Faler.

An analysis the administration will take: “This bill will change the insurance situation for 37 million legal residents, 29 million of whom would otherwise be uninsured. That’s a big step in the right direction,” Ezra Klein blogs at Washingtonpost.com. “But most people will never notice it. When I got an early glimpse of the Senate Finance Committee’s bill back in June, I called it ‘comprehensive incrementalism,’ and I stick by that label. It makes a lot of things a bit better, but it’s not root-and-branch reform.”

“The Senate Finance bill isn’t as generous or as protective as it ought to be,” Jonathan Cohn writes at The New Republic Website. “But the fact that the measure would actually save money means, or should mean, there’s a bit more room (financially and politically) to throw additional funds at expanding/improving insurance coverage — ideally, by raising a little more money in taxes and/or offsetting savings.”

Statement from Sen. Olympia Snowe, R-Maine: “I appreciate the hard work of CBO and the Joint Committee on Taxation in preparing their projections in such a short time. We just received this report and I still must thoroughly review and evaluate this analysis before deciding how to proceed in the Finance Committee markup.  My constituents want — and deserve — decision-making based on facts and figures.”

In the House: “Conservative Democrats were upbeat. Rep. Jim Matheson, D-Utah, a spokesman for the fiscally conservative Blue Dog Coalition, said he was encouraged that the Finance bill would cut the deficit and indicated that he’d like to see the House bill move in the same direction,” the AP’s Ricardo Alonso-Zaldivar reports.

But why there’s still no House bill: “Speaker Nancy Pelosi (D-Calif.) appears to be on a collision course with moderates over the long-term costs of the health care overhaul she is shepherding through the chamber,” Roll Call’s Tory Newmyer and Steven T. Dennis report. “Moderates are still trying to plot their strategy but are feeling a new sense of urgency to try to stop Pelosi from bringing a bill to the floor that fails to rein in health care spending and bloats the deficit. Those lawmakers want to act now to rework the bill rather than face a scramble after a tough review from budget scorekeepers.”

Leadership vs. liberals: “In a meeting [Wednesday] between House leaders and rank and file Dems in the capital, Nancy Pelosi frustrated many liberals by suggesting that they consider a watered-down public option as a way of getting health care through the House, a top House liberal says,” Greg Sargent reports at The Plum Line blog.

Smart Dems don’t believe the numbers, but even if this is close to accurate… “Rep. Lynn Woolsey (D-Calif.), the leader of the Congressional Progressive Caucus, told a closed-door caucus meeting that the group’s ‘whip count’ showed it had 208 of the 218 votes needed to pass what liberals call a ‘robust’ public option. That version would link rates to Medicare plus 5 percent,” The Hill’s Mike Soraghan reports.

The House is still working through how to structure the public option, and how to avoid the Senate’s new taxes on “Cadillac” plans: “It’s certainly not a preferred option if we even went down that road and I — no one is wanting to push forward on that road right now,” Rep. Chris Van Hollen, D-Md., chairman of the Democratic Congressional Campaign Committee, said on ABCNews.com’s “Top Line” Wednesday.

Coloring a few debates (in red): “The federal deficit reached a record $1.4 trillion in the 2009 fiscal year, according to an analysis rele ased Wednesday by the Congressional Budget Office,” ABC’s Matthew Jaffe reports.

In time for the Human Rights Campaign dinner — better than a rhetorical flourish: “President Obama plans to name an openly gay lawyer to serve as his ambassador to New Zealand and Samoa, administration officials said Wednesday evening. If confirmed by the Senate, the lawyer, David Huebner, would become the first openly gay ambassador in the Obama administration,” Sheryl Gay Stolbert reports in The New York Times.

On Afghanistan — no more hypotheticals:

“Gen. Stanley McChrystal’s troop recommendation for Afghanistan was sent to President Barack Obama last week and distributed Monday to members of the national security team engaged in ongoing discussions of Afghanistan strategy, the Pentagon said,” ABC’s Karen Travers and Martha Raddatz report. 

“Divisions within the administration and Congress continued despite Mr. Obama’s high-profile meeting with congressional leaders the day before,” Yochi J. Dreazen and Naftali Bendavid report in The Wall Street Journal.

More hints? “President Obama’s national security team is moving to reframe its war strategy by emphasizing the campaign against Al Qaeda in Pakistan while arguing that the Taliban in Afghanistan do not pose a direct threat to the United States,” Peter Baker and Eric Schmitt report in The New York Times. “The shift in thinking, outlined by senior administration officials on Wednesday, suggests that the president has been presented with an approach that would not require all of the additional troops that his commanding general in the region has requested.”

All overblown? Time’s Joe Klein: “Why, then, all the excitement and controversy? Politics, pure and simple. There is an effort afoot by neoconservatives, led by Senator John McCain, to paint the President as flaccid on national security. McCain has been going around for the past few weeks telling all comers — heatedly, at times — that Obama’s strategy review is essentially a waste of time, that the President has to, has to, go with the 40,000-troop option in Afghanistan.”

Henry Kissinger, writing in Newsweek: “I favor fulfilling the commander’s request and a modification of the strategy. But I also hope that the debate ahead of us avoids the demoralizing trajectory that characterized the previous controversies in wars against adversaries using guerrilla tactics, especially Vietnam and Iraq.”

Cheney, Cheney & Cheney? “Mary Cheney, the daughter of former vice president Dick Cheney and the sister of go-to Obama critic Liz Cheney, is leaving the political consulting firm Navigators Global to start her own consulting company, and multiple sources familiar with her plans say she will not be going it alone,” Jason Horowitz writes for The Washington Post. “The Cheneys have, of course, found time to become something of their own brand — a highly bookable, consistently gruff clan who speak in dour unison when bashing the current president, second-guessing the previous commander in chief and chiding wayward GOP leaders. Is Mary hanging a shingle now, with the rest to follow in the near future?”

DGA fun: Welcoming former Gov. Terry Branstad, R-Iowa, to the Iowa governor’s race, the Democratic Governors Association is launching a new web video not-quite celebrating (yes, tongues in cheeks) the GOP veterans seeking comebacks. (Did you know that a gubernatorial candidate worked to reelect the Ming Dynasty?)

The Kicker:

“It’s when Republican men disagree with women, because it’s pretty clear that they have a real problem with a woman being second-in-line for the presidency.” — Rep. Debbie Wasserman Schultz, D-Fla., responding to an NRCC assertion that Gen. Stanley McChrystal should “put [House Speaker Nancy Pelosi] in her place.”

“Foregone conclusion.” — Levi Johnston attorney Rex Butler, describing that status of negotiations that will have his client posting for “Playgirl.”

For up-to-the-minute political updates check out The Note’s blog . . . all day every day:

http://blogs.abcnews.com/thenote/

User Comments

I would be nice for you to post a link to the bill the CBO scored.

Posted by: armchairpunter | October 8, 2009, 9:14 am 9:14 am

Wow, Rick. Talk about burying the lede:
“Indeed, the budget office said, the bill would reduce deficits by a total of $81 billion in the decade starting next year”
Funny, Republicans trusted the CGB when they said an earlier version would add to the deficit, but now they say this bill will REDUCE the deficit by $81.00 billion over ten years, the non-partisan Congressional Budget Office’s math is somehow suspect? Funny that.

Posted by: Amy in Maine | October 8, 2009, 9:30 am 9:30 am

Democrats like barry couldn’t care less about keeping costs down. This health “reform” could be a 25 trillion dollar plan, and he would still be push for it. This is all about remaking America and transforming it from the terrible place that HE thinks it is. Barry has grown up listeing to nuts like rev racist and bill ayers, which is why he has spent his first year in office running around the world telling everyone how terrible America is.

Posted by: Dave | October 8, 2009, 9:31 am 9:31 am

Bankrupting America, Forcing small business out of business, sending jobs overseas, and having half of the doctors quit doesn’t sound like a very good strategy.
Wouldn’t we be better off if more emphasis was given to improving clinics and hospitals in areas of need?

Posted by: Jeff | October 8, 2009, 9:39 am 9:39 am

Like battle of the bulge {NUTS}

Posted by: earl | October 8, 2009, 9:45 am 9:45 am

The reason socialisum and communisum fail is the people who do the work finnaly get tired of supporting those who wont.

Posted by: earl | October 8, 2009, 9:47 am 9:47 am

I lost trust for the CBO when they said the Fanny bailout would cost $30B – and we had to spend $300B! whoooopsssss…! I think they forgot to ad a zero to all those calculations they did.
As far as this latest numbers crunch on HC reform…. Here is my question to the CBO – - “And if they can’t find – or stop – the $400B in fraud on the Medicaid side being used to balance these numbers? Does that then mean this bill stands at INCREASING the debt by $320B?” Oh – and the $200B they are going to be charging through tax increases on the middle class (under 70K workers) by moving the ability to write off the excessive cost of illness on your taxes if it goes above 7% of your salary – to moving it to 10% of your salary has to be spent before you qualify for the deduction… What happens if folks in this class lose their health benefits and shift down to the $1500 mandatory payment? Are you still making all of this $$? I don’t think so. Oh – and doesn’t that mean that the Senate is recommending that we tax the SICK people more???
I’ll wait to see what the bill is when they 1) Add the public option they promise and 2) add the 25M Americans that this bill doesn’t cover. If it costs almost 900K to cover 29M additional Americans – what is it going to cost for that other 25M not covered in this run? And isn’t that a bait and switch to leave them out in the numbers – yet write legislation mandating that they be IN the required coverage? (ie – cover them – but not calculate the cost here?)

Posted by: clr | October 8, 2009, 9:58 am 9:58 am

No. I am at risk of being taxed 40% for the insurance I have now. That is todays projection posted on most news web sites. The 10 year plan the dems proposed is based on full employment and a healthy economy. All that has to play in order for them to even think they have a plan that will pay for its self. So who is lying to make things look good? thge dems who help the poor by raising taxes and balming it on some on else

Posted by: Jim Rod | October 8, 2009, 10:00 am 10:00 am

The 829 billion spent is real dollar spending that may turn out to be an underestimated amount. Could turn out to be more. The 81 billion is fantasized “bet on the come” immeasurable money we hopefully won’t spend. So we’re spending 829 billion hoping but without security that we’ll save 81 billion. What kind of wacky logic is that?
No wonder this country’s debt continues to escalate.

Posted by: mmonroeliveson | October 8, 2009, 10:01 am 10:01 am

If you buy a product you get that product. If you pay for social security you get the government borrowing from your reserves and then try to take it away under the guise of health care reform to cover those who snuck across the border and got amnesty and wont buy health insurance cause the get health care free at the er.

Posted by: earl | October 8, 2009, 10:09 am 10:09 am

What kind of wacky logic is that?
No wonder this country’s debt continues to escalate.
Posted by: mmonroeliveson | Oct 8, 2009 10:01:54 AM—->Great point…these idiots in washington need to take some classes on risk analysis and financial rewards on investments.

Posted by: jmw | October 8, 2009, 10:18 am 10:18 am

I doubt they can grow support at all, no matter the costs, unless they do the only thing that will genuinely reduce medical costs, and that is to nationalize health care, and remove the profits from the industry.

Posted by: Rick McDaniel | October 8, 2009, 10:30 am 10:30 am

jmw; Their target is the minds of the same people who think we can spend our way out of debt. Coincidentally most of those same people are probably either maxed out on their lines of credit like the US, or have lost their credit capability due to inability to pay. Why oh why do they think the government can spend more than it makes when they’ve proven they can’t get away with it personally?

Posted by: mmonroeliveson | October 8, 2009, 10:49 am 10:49 am

“Indeed, the budget office said, the bill would reduce deficits by a total of $81 billion in the decade starting next year”
That is nothing to sneeze at. Reduce the deficit, pay back China, bring troops home from the Middle East, and cover 95% of Americans. Sounds good to me.

Posted by: Amy in Maine | October 8, 2009, 10:56 am 10:56 am

What a joke, it costs 829 bil to cover 94% of the people, that means 24 billion will still be uninsured. Now what was the purpose of reform? They need to ditch the whole thing and start with tort reform and see how that goes for a couple of years. I am waiting for Obama’s next crisis so he can invoke marshall law and we can all be slaves to the government. I think slowly bleeding us of our hard earned money is not the socially just thing to do. Taking away our freedoms on a daily basis is not just, but providing a forum for GITMO prisoners is, what a upside down world we live in. The main stream media needs to start reporting the real truth.

Posted by: Downwithsocialism | October 8, 2009, 11:01 am 11:01 am

What we really need is for Chris Dodd to explain it. Of course, he’ll deny ever seeing it or signing anything. After that, Nancy Pelosi will try to explain what he said and we will know even less.

Posted by: Old Republican | October 8, 2009, 11:01 am 11:01 am

P.S. The CBO can not score a bill accurately when the bill isn’s complete. Middle of the night ammendments will drive up the cost even more.

Posted by: Downwithsocialism | October 8, 2009, 11:03 am 11:03 am

Rick McDaniel’s post at 10:32 is the most realistic thinking that’s been posted. Question is do we want to nationalize healthcare and lose quality in the process or leave the administration in the hands of insurance companies while finding ways to lower consumer costs within the existing system? I say start by prohibiting frivilous lawsuits, make insurance companies compete with each other, tax any excess profits made by insurance companies, pharmaceutical companies, hospitals; prohibit exclusions and uninsurables, stop drug advertising, then after the dust settles enough to see where medical costs actually stand after adjustments have been made it would be an appropriate time to consider the feasability of covering the uninsured out of the taxpayer’s pocket.

Posted by: mmonroeliveson | October 8, 2009, 11:04 am 11:04 am

Remember that this debacle is paid for by someone. That means you and me. Disingenuous at its best. They think we are complete fools.

Posted by: chas1299 | October 8, 2009, 11:39 am 11:39 am

There is a major, potentially catastrophic, flawed premise in healthcare reform legislation.
The flawed premise is that employers who meet a threshold payroll amount actually make enough money to pay for its employees’ insurance. The amount of a company’s payroll has no bearing on whether that company makes a profit. Thousand of businesses go belly up every year, thousands more break even, and thousands more make little profit. Mandating these companies on the cusp to pay a large percentage of its employees’ premiums will bankrupt companies by the thousands. Imagine how many jobs will be lost. Healthcare reform will be a job killer. After running the numbers, my company will go into the red by $150,000 per year—my employees will lose their jobs when I go bankrupt.

Posted by: chas1299 | October 8, 2009, 11:40 am 11:40 am

Monroe…I think the dust has already settled, we all know what insurance companies, and drug companies have done to drive up the cost of having a “life”, the same thing the energy companies, the bankers, the mortgage insuries, and wall street did…we have fresh examples of unchecked capitalism, greed and corruption, and government not just asleep at the wheel, but actively assisting free enterprise and capitalism, that is socialized, or faschist…the bush admin gave the drug co.s unlimited power to control our lives. government competion is a great thing, the doctors support taking control of health care out of the hands of insurance companys and drug companys, if they have to compete with a government plan-they will come back to earth and actually offer us something competitive or fail.. a Public OPTION-not a mandate is the way to go and benifits all

Posted by: cowgirl | October 8, 2009, 11:52 am 11:52 am

most companies and organizations that had or have a health plan for their employees, have had to cut it or watered it down so much-it is still unaffordable to go to the doctor with insurance in hand…the co-pays are very high, and so much now is not covered, even with insurance-I can not afford to go to a doctor…its that simple. The insurance co.s as it stands now are dictating our health as a country…They already conduct death panels, because they are making those decisions-and they are doing it for profit..business is dropping coverage because they cannot afford to offer employees a health care plan…we need to deal with that industry before we can institute any change…make it affordable for companies and they will again offer good health care plans. Competition from a government option will do that.

Posted by: cowgirl | October 8, 2009, 12:08 pm 12:08 pm

The cost of the Iraq war and war in Afghanistan make health care reform look like chump change. As our last administration so aptly chose oil over domestic issues, now they want us to think that we can’t afford health care reform. What we couldn’t afford and will be paying for it for the next 20 years was the last administrations lack of leadership, and it’s gross negligence of our domestic collapse. Thank you again Mr. Bush and Cheney.

Posted by: Chuck | October 8, 2009, 12:53 pm 12:53 pm

The ten year cost is a projection and is based on full employment and the increase of taxes and’ taxes on the plan you keep. Union workers are hit the hardest. This is nothing more than a huge tax bill. Have you all had enough of taxes. Did this country get founded by people who wanted to pay more taxes? Lets see, Lets set sail to the Americas because when we get there we get to pay all the taxes anyone can imagine.
No to health care and vote out those who are ramming it down us.

Posted by: Jim Rod | October 8, 2009, 12:56 pm 12:56 pm

I am not Australian but I still care about it, and I hope there’s some to to explain it.

Posted by: Tao | October 8, 2009, 1:01 pm 1:01 pm

The $829Bn is just another way to tax us. Look logically – right now 85% of us have health coverage, they say in this bill only 9% million more will get it (not everyone). They also say it goes into affect in 2013 but they plan to cut fraud in Medicare/Medicade first (but if they could why haven’t they). They also want to add the fees and taxes first, so 11 million more get coverage each year for $82.9Bn per year – not real good when we all get taxed.

Posted by: Jeff G | October 8, 2009, 1:11 pm 1:11 pm

Bothered by cost? Good golly no! We have all kinds of money and as long as we don’t run out of ink and paper, we will be in fine shape! So to those who are above 40 or 50,lets party, enjoy ourselves and spend that money we have saved before we die cause the generation coming up really wants us to be happy and have all kinds of stuff and they want to pay for it too!
Thanks Obama and thank you younger generation!

Posted by: david | October 8, 2009, 1:23 pm 1:23 pm

Any health care plan the Dems come up with, will cost too much. We can count on that.
However, if a health care plan of some type is unavoidable, then it should be a comprehensive national health care plan, and the Dems should be forced to find fiscal responsibility, in paying for it.
This pass the bill, and let the GOP figure out how to pay for it, a couple years from now…..as the Dems have done in the past, is not going to be acceptable anymore.

Posted by: Rick McDaniel | October 8, 2009, 1:24 pm 1:24 pm

PS: Anyone think we can get the Senate to hand out free ice cream at the signing of this glorious bill?

Posted by: david | October 8, 2009, 1:25 pm 1:25 pm

There is one thing we do know…..half measures never save. On the contrary, they always contain hidden costs.
There is only one way, to provide health care reform, that is actually feasible, and to cut health care costs by eliminating profits across the industry, and that is national health care for all.
Anything less than that, will not achieve cost reductions, nor will it be equitable to force Americans to buy health care, if they do not want to.
The Dems are playing around, and they have no real plan, that is genuinely going to accomplish what they claim.
We will simply see the entire thing repealed after 2012′s election.

Posted by: Rick McDaniel | October 8, 2009, 1:31 pm 1:31 pm

There will be no Nativity Scene in Washington D.C. this year. Due to the fact they can not find 3 wise men in the city.

Posted by: marion | October 8, 2009, 1:40 pm 1:40 pm

UGHHHH!!!! How much more of this political spin can we take? Spending reduces deficits? No wonder our schools are failing if this is the kind of math they teach. This will break the backs of the middle class and NO ONE cares! Of course it is popular, because those that like it aren’t paying their share to begin with.

Posted by: Survivor61 | October 8, 2009, 2:19 pm 2:19 pm

When Medicare was created in 1965, benefits were relatively limited and retirees paid a substantial percentage of the costs of their own care. In 1965, Congressional actuaries expected Medicare to cost $3.1 billion by 1970. In 1969, that estimate was revised to $5 billion, and it actually came in at $6.8 billion. Things have gotten worse since, and Medicare today costs $455 billion and rising. Medicaid was intended as a last resort for the poor but now covers one-third of all long-term care expenses in the U.S. — that is, it has become a middle-class subsidy for aging parents of the Baby Boomers. Its annual bill is $227 billion, and so far this fiscal year is rising by 17%. Schip was pitched a decade ago as a safety net for poor kids, Schip is now open to families that earn up to 300% of the poverty level, or $63,081 for a family of four.
What makes any fool think that a health care reform plans being passed around by Congress won’t result in increased costs, just look at the history of the governments programs.
What is to stop government run health care to NOT go down the road of Social Security? Throughout the 1950s and 1960s, during the phase-in period of Social Security, Congress was able to grant generous benefit increases because the system had perpetual short-run surpluses. Congressional amendments to Social Security took place in even numbered years (election years) because the bills were politically popular, but by the late 1970s, this era was over. For the next three decades, projections of Social Security’s finances would show large, long-term deficits, and in the early 1980s, the program flirted with immediate insolvency. From this point on, amendments to Social Security would take place in odd numbered years (years that were not election years) because Social Security reform now meant tax increases and benefit reductions. When revenues exceed expenditures, as they have in most years, the excess is invested in special series, non-marketable U.S. Government bonds, thus the Social Security Trust Fund indirectly finances the federal government’s general purpose deficit spending. It is also interesting to note that the Supreme Court has established that no one has any legal right to Social Security benefits. The Court decided, in Flemming v. Nestor (1960), that “entitlement to Social Security benefits is not a contractual right”. In simple terms, the decision means that since no one has any legal right to Social Security benefits, Congress can cut or eliminate benefits at any time.

Posted by: Sandcrab1612 | October 8, 2009, 2:39 pm 2:39 pm

Medicine in America needs less government, not more. Government control is the status quo, it’s been tried and it has failed. Return medicine to where it belongs – in private hands, no employer-provided-insurance rube goldberg nonsense – and watch it get better.

Posted by: Michael R. Brown | October 8, 2009, 3:17 pm 3:17 pm

‘Any bill’ does not equal a good bill

Posted by: jonec1200 | October 8, 2009, 6:58 pm 6:58 pm

I hope this bill does some good.

Posted by: chris | October 8, 2009, 8:43 pm 8:43 pm

To armchairpunte who wrote, “I(t) would be nice for you to post a link to the bill the CBO scored.”
There is NO bill it was a DRAFT of a bill!
It’s a TRICK!!!

Posted by: Jeff | October 8, 2009, 10:08 pm 10:08 pm

Oh and why are we waiting THREE YEARS before it goes into action? Hmmmmmm????

Posted by: Jeff | October 8, 2009, 10:10 pm 10:10 pm

Start all over and dump the health insurance companies, then go from there.

Posted by: Rob | October 8, 2009, 11:36 pm 11:36 pm

The liberal dreamer children have all but drowned their beloved country in debt until now. Now they’re holding her under water until there are no air bubbles left in her blue (Pun Intended)lifeless body. I’m quite sure you’re all very proud of yourselves.

Posted by: WhatChange? | October 9, 2009, 6:55 am 6:55 am

Leave a Reply

Do you have more information about this topic? If so, please click here to contact the editors of ABC News.