Warm Southern Breeze

"… there is no such thing as nothing."

Today Mitt Romney spoke out of the _?_ side of his mouth, and said:

Posted by Warm Southern Breeze on Tuesday, August 14, 2012

“And you know what he did with it? He’s used it to pay for Obamacare, a risky, unproven, federal takeover of health care.”Mitt Romney

Government estimates say that more than 6,000 jobs statewide and 20 percent of Iowa‘s electricity needs come from wind power, and the state’s senior GOP leaders all support renewing an extension of a wind tax credit that Romney opposes.

Romney’s campaign did not respond to repeated quests for his position on the other portions of the bill, which includes items such as a tax break for developers of NASCAR facilities and purchasers of electric motorcycles.


FACT: The Congressional Budget Office (CBO) has determined that the Patient Protection and Affordable Care Act is fully paid for, ensures that more than 94 percent of Americans have health insurance, bends the health care cost curve, and reduces the deficit by $118 billion over the next ten years and even more in the following decade.

FACT: The Patient Protection and Affordable Care Act (PPACA) is NOT “a risky, unproven, federal takeover of health care.”

The Patient Protection and Affordable Care Act will:
• Eliminate lifetime and unreasonable annual limits on benefits, with annual limits prohibited in 2014
• Prohibit rescissions of health insurance policies
• Provide assistance for those who are uninsured because of a pre-existing condition
• Prohibit pre-existing condition exclusions for children
• Require coverage of preventive services and immunizations
• Extend dependant coverage up to age 26
• Develop uniform coverage documents so consumers can make apples-to-apples comparisons when shopping for health insurance
• Cap insurance company non-medical, administrative expenditures
• Ensure consumers have access to an effective appeals process and provide consumer a place to turn for assistance navigating the appeals process and accessing their coverage
• Create a temporary re-insurance program to support coverage for early retirees
• Establish an internet portal to assist Americans in identifying coverage options
• Facilitate administrative simplification to lower health system costs

Market Reform
Insurers will be prohibited from:
• Denying coverage or,
• Setting rates based on gender,
• Health status,
• Medical condition,
• Claims experience,
• Genetic information,
• Evidence of domestic violence, or other
• Health-related factors.

FACT: In a response letter dated January 22, 2010 to Senator Jeff Sessions, R-AL, the CBO wrote that “CBO estimates that the HI {Hospital Insurance} trust fund would have a positive balance of about $170 billion at the end of fiscal year 2019. CBO and JCT estimated that the direct spending and revenue effects of enacting PPACA would yield a net reduction in federal deficits of $132 billion over the 2010–2019 period.1 CBO expects that enacting PPACA would reduce federal budget deficits relative to those projected under current law—with a total effect during that decade in a broad range between one-quarter percent and one- half percent of gross domestic product.2”

FACT: In Testimony before the Subcommittee on Health, Committee on Energy and Commerce, U.S. House of Representatives dated March 30, 2011, the CBO wrote that “On net, CBO and JCT’s latest comprehensive estimate is that the effects of the two laws on direct spending and revenues related to health care will reduce federal deficits by $210 billion over the 2012–2021 period (see Table 1).”

“One review of the literature on DOE’s efforts to develop renewable energy concluded that a large proportion of government-sponsored R&D focused on renewable sources of energy—wind and solar thermal energy, for example—has been technically successful.16″

“16Government Accountability Office, Department of Energy: Consistent Application of Requirements Needed to Improve Project Management, GAO-07-518 (May 2007).”

Excerpt from:
CBO Issue Brief, March 2012 entitled “Federal Financial Support for the Development and Production of Fuels and Energy Technologies” prepared by Terry Dinan and Philip Webre of CBO’s Microeconomic Studies Division under the general supervision of Joseph Kile. –Douglas W. Elmendorf, Director

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