Administration Threatens to Veto Health Spending Bill After Price Tag Jumps

[IScreamSundays]

Source: Fox

The Obama administration threatened to veto parts of its own health care bill after budget scorekeepers found that the package would add at least $115 billion more to government health care spending.

President Obama's budget office charged Congress with finding $115 billion in spending cuts or tax increases to offset the price tag hike. The figure approached the amount of money the Congressional Budget Office previously estimated the law would save, and pushed the total 10-year cost of the package past $1 trillion. It comes after a separate Medicare office report found the bill would raise spending by about 1 percent over the next decade.

But the Office of Management and Budget stood by the administration's original claims that the law would reduce the deficit and tasked Congress with making sure that happens -- or else.

snip>

Read more: http://www.foxnews.com/politics/2010/05/12/health-overhaul-law-potentially-costs-billion/

[LiberalFighter]

1. Faux News not acceptable news source.

[daleanime]

2. Fox? What is this thing you speak of?

I don't allow that kind of language in my home.:spank:

[Hekate]

3. Meh. It's from FOX. nt

[Imajika]

4. Any idea if it is true yet?

So annoying that I see a story like this, discover it is Fox or the Washington Times, and then have to go find a real source to determine the validity of the story.

[Hekate]

6. Considering the "source", I doubt it. I'll await further word. nt

[Webster Green]

5. I don't go to that site.

Faux Snooze? WTF?!

[TomCADem]

7. Didn't Obama Already Sign The Bill?

I didn't think you could retroactively veto signed laws.

[EarlG]

8. Budget office clarifies health care costs update

http://www.google.com/hostednews/ap/article/ALeqM5i0wB-o7OjZq7Bh5k_D542BO8fq_wD9FLIJHG1

A chunk of spending on President Barack Obama's health care overhaul is actually money for current federal programs, congressional budget scorekeepers said Wednesday, in a twist to the partisan dispute over the law's price tag.

(snip)

Republicans said it was evidence of hidden costs that would wipe out most of the savings the administration expects to reap under the law.

But the budget office now says that about $86 billion of that total represents funding for ongoing programs, which analysts routinely assume will be continued from year to year.

[keopeli]

9. Shock! Faux news is misleading their lemmings? Don't worry, they'll believe it anyway. n/t

[Soylent Brice]

13. THANK YOU.

[earcandle]

10. the planning isn't working well at all. these people are uneducated asshats. ..

[countmyvote4real]

The sky is falling because the people elected Obama and Democratic majorities in Congress.

Blah. Blah. Blah.

IMHO, We haven't gone far enough in that direction.

[countmyvote4real]

11. The sky is falling because the people elected Obama and Democratic majorities in Congress.

Blah. Blah. Blah.

IMHO, We haven't gone far enough in that direction.

[caledesi]

12. Faux news is NOT credible...puhleeze. nt