osts in its first ten years are being held down dramatically by clever accounting. The bill wouldn't be in full swing until 2015. Yet its 10-year costs are calculated starting not in 2015, but in 2010. The first half of the bill's official 10-year time-span contributes only 8 percent of its costs -- but doubles the span of time over which those costs can be said to have accrued. That's a bit like reporting that a baseball pitcher who allows six runs on Opening Day has let up only six runs in the last six months. An example highlights the extent to which the accounting is hiding the costs. If the dates shift merely one year, so from 2011 to 2020 rather than from 2010 to 2019, costs increase by $194 billion, taxes and fines by $109 billion, and cuts to Medicare and related programs by $114 billion. All of these tallies are according to CBO projections.Again, the bill wouldn't cost anything in 2010. In its real first decade,cheap toms, from 2011 to 2020, the bill would cost over $1 trillion -- setting up its $3 trillion encore.How would the Senate pay for the Baucus bill's $4 trillion 20-year tab? By lifting over $2 trillion from Americans' wallets and pilfering over $2 trillion from America's seniors. And how would it "save" $2 trillion from Medicare, a program already on the brink of financial insolvency and now awaiting the baby boomers' retirements? By gutting Medicare Advantage and by paying doctors half -- half! -- as much in real dollars for services to Medicare patients in 2025 as they would receive in 2010. Med school anyone? Any "Blue Dog" Democrat who even seriously sniffs at this looming fiscal nighmare belongs in the pound -- and would likely be sent there by the voters.Read more...The Baucus Middle-Class Tax-Hike Bill847 AM, Oct 14, 2009 By JOHN MCCORMACKMost astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees. Nearly 90% of that burden will be shouldered by those making $200,000 or less.">Most astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees. Nearly 90% of that burden will be shouldered by those making $200,000 or less.">Most astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees. Nearly 90% of that burden will be shouldered by those making $200,000 or less.">Most astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees,toms shoes outlet. Nearly 90% of that burden will be shouldered by those making $200,cheap toms outlet,000 or less.">Douglas Holtz-Eakin writes in the Wall Street JournalMost astounding of all is what this Congress is willing to do to struggling middle-class families. The bill would impose nearly $400 billion in new taxes and fees. Nearly 90% of that burden will be shouldered by those making $200,000 or less.It might not aRelated articles:

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