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Govt cuts deficit expectations, cites Obamacare

Posted: Mon Apr 14, 2014 11:07 am
by VictorG
:thumb:

"The non-partisan CBO, in revisions to its annual budget estimates, said the fiscal 2014 deficit would fall to $492 billion from $514 billion estimated in February. The forecasts assume no changes to current tax and spending laws.

But from fiscal 2015 onwards, it estimates a $186 billion decline in outlays for health insurance subsidies under the Affordable Care Act, commonly known as Obamacare."

http://www.cnbc.com/id/101581648" onclick="window.open(this.href);return false;

Re: Govt cuts deficit expectations, cites Obamacare

Posted: Mon Apr 14, 2014 11:54 am
by CID1990
That will be a major plus if it turns out to be true.

But like the old man said, "We'll see."

Re: Govt cuts deficit expectations, cites Obamacare

Posted: Mon Apr 14, 2014 12:07 pm
by CAA Flagship
:ohno: :ohno: :ohno:
So if I drink 2 less beers and tip less at the titty bar, I should get a pat on the back when my annual household budget deficit drops from $15,000 to $14,975 because of it. Got it. :thumb:

Re: Govt cuts deficit expectations, cites Obamacare

Posted: Mon Apr 14, 2014 1:12 pm
by HI54UNI
CBO estimates. :lol: :lol:

It's not their fault because they have to go with what they are given but it's pretty simple - garbage in = garbage out.