The recurring obligation to raise the federal debt ceiling was scheduled to coincide with the end of the current fiscal year on September 30 to give GOP hostage takers some leverage with passing next year’s budget.
It does not appear remotely possible that a budget will be ready by the end of this fiscal year, so once again Congress will wind up approving another short-term continuing resolution (CR) when it returns from its August recess.
GOP leaders also may have lost any leverage they hoped to gain from holding the federal debt ceiling hostage for their budget. Congress may have to act before the August recess. The Washington Post reports, Trump administration warns tax receipts are coming in slowly, government could run out of cash sooner than expected:
White House Office of Management and Budget Director Mick Mulvaney on Wednesday said that tax receipts were coming in “slower than expected” and that the federal government could run out of cash sooner than it had thought.
Mulvaney’s comments, which came during a House Budget Committee hearing, resurrected an issue that Congress has mostly ignored in recent months but that will soon force some tough political decisions.
A few hours later, Treasury Secretary Steven Mnuchin echoed these concerns, telling another House committee, “I urge you raise the debt limit before you leave for the summer.”
“We can all discuss how we cut spending and how we deal with the budget going forward, but it is absolutely critical that where we’ve spent money, that we keep the credit of the United States as the most critical issue,” Mnuchin told the House Ways and Means Committee. “It is the reserve currency of the world.”
Posted in AZBlueMeanie, Budgets, Congress, Constitution, Corruption, Economics, GOP War On..., Legislation, Party Politics, President, Scandals, Taxes
Tagged Default, federal debt ceiling, government shutdown
Some good opinion pieces at the New York Times today on the Tea-Publican efforts to sabotage “Obamacare” and replace it with their own dystopian vision of “Trumpcare.”
David Leonhardt writes, C.B.O. Report Reveals Trumpcare’s Fatal Flaws:
The Congressional Budget Office’s analysis of the House health care bill is a devastating indictment.
The new report shows that millions of Americans would lose health insurance and the quality of insurance for millions more would deteriorate. The savings from that carnage — to borrow a favorite word of President Trump’s — would pay for tax cuts for the wealthy.
And yet the immediate reaction to the C.B.O. report also shows why you should be worried that the Senate will nonetheless decide to pass a version of the House bill.
* * *
Distraction is a tactic of the politicians who are trying to take away health insurance from people. These politicians can’t sell their proposals on the merits. That’s why both the House and, thus far, the Senate have refused to hold any hearings. They know that virtually every expert across the ideological spectrum — including groups representing doctors, nurses, hospitals, patients and senior citizens — opposes the bill.
Unable to win a debate on its merits, Republican leaders need to change the subject. They can’t let their proposals be judged on whether they improve the American health care system, because they don’t. They need to create a lower standard by which the plan will be judged.
Posted in AZBlueMeanie, Budgets, Congress, Corruption, Courts, Economics, Ethics, GOP War On..., Healthcare, Legislation, Media, Party Politics, President, Scandals, Taxes
Tagged health insurance, Obamacare
The Zombie Trumpcare bill, the American Health Care Act (AHCA) which narrowly passed the House this month, would increase the projected number of people without health insurance by 14 million next year, would reach 19 million by 2020, and 23 million in 2026, according to a new Congressional Budget Office (CBO) report (.pdf) released on Wednesday.
The CBO issued two reports on earlier versions of the House bill in March. Both said that the legislation would increase the number of uninsured by 14 million next year and by 24 million within a decade, compared with the current law.
The New York Times reports, G.O.P. Health Bill Would Leave 23 Million More Uninsured in a Decade, C.B.O. Says:
The AHCA would reduce the federal deficit by $119 billion over a decade, less than the $150 billion in savings projected in late March for an earlier version of the bill [Trumpcare 2.0]. And in states that seek waivers from rules mandating essential health coverage, the new law could make insurance economically out of reach for some sick consumers.
CBO projects premiums would increase by an average of about 20 percent in 2018 and 5 percent in 2019. “Starting in 2020, however, average premiums would depend in part on any waivers granted to states and on how those waivers were implemented and in part on what share of the funding available from the Patient and Stte Stability Fund was applied to premium rediction.”
“People living in states modifying the essential health benefits (EHBs) who used services or benefits no longer included in the EHBs woud experience substantial increases in out-of-pocket spending on health care or would choose to forgo the services.”
Source: The three numbers you need to understand the CBO report on Republicans’ health-care bill.
“Premiums would vary significantly according to health status and the types of benefits provided, and less healthy people would face extremely high premiums,” the budget office concluded.
Posted in AZBlueMeanie, Budgets, Congress, Corruption, Economics, Ethics, GOP War On..., Healthcare, Legislation, Party Politics, Scandals, Taxes
Tagged Congressional Budget Office, health insurance, Obamacare, Tyranny, U.S. Senate
I previously gave you a backgrounder on the House GOP lawsuit House v. Price (née House v. Burwell) for which the next status report to the Court is due today.
Politico reports that instead of filing the status report, the White House seeks 90-day delay in Obamacare subsidy suit:
The Trump administration and House of Representatives Monday asked a federal court for another 90-day delay in a lawsuit over Obamacare insurance subsidies, undermining the future of the health care marketplaces as insurers look for certainty from the government before committing to offer coverage next year.
“The parties continue to discuss measures that would obviate the need for judicial determination of this appeal, including potential legislative action,” the House and White House wrote to the court.
If the request is approved, the parties would have to file another update in 90 days.
“We continue to work with the Trump administration on a solution,” said AshLee Strong, spokeswoman for Speaker Paul Ryan.
Posted in AZBlueMeanie, Budgets, Congress, Constitution, Courts, Economics, Ethics, GOP War On..., Healthcare, Legislation, Party Politics, President, Scandals, Taxes
Tagged health insurance, Obamacare