Tag Archives: CBO

national news

National debt? Hey, it’s still growing!

Donald Trump made a lot of promises when he ran for president of the United States.

Many of them were bold and audacious. One of them involved the national debt. He reaffirmed to the Washington Post in April 2017 that he would wipe it out over eight years, presuming he would be re-elected in 2020.

Let’s see. How’s he doing? Not too well. The national debt has, um, exploded in the first year and a half of his presidency. It has surged past the $21 trillion mark and is proceeding at a breakneck pace well beyond that total.

The Congressional Budget Office is reporting that the national debt, fueled by tax cuts and immense increases in government spending, is on a fast track into deep outer space.

According to CBS News: “At 78 percent of gross domestic product, federal debt held by the public is now at its highest level since shortly after World War II,” the CBO found. “If current laws generally remained unchanged, the Congressional Budget Office projects, growing budget deficits would boost that debt sharply over the next 30 years; it would approach 100 percent of GDP by the end of the next decade and 152 percent by 2048. That amount would be the highest in the nation’s history by far.” 

Republicans were so very quick to excoriate Democratic President Barack H. Obama over the national debt. The GOP’s 2012 presidential nominee Mitt Romney sought to make the debt one of the centerpieces of his effort to defeat Obama. Then came Trump, the dealmaker in chief, the business tycoon and, oh yes, the self-proclaimed “King of Debt,” to tell us he would eliminate the national debt by the end of his presidency.

Well, at this rate, Mr. President, you have to get busy.

I mean, real busy.

medical news

CBO weighs in again: not good for ACA repeal

That doggone Congressional Budget Office has done it again.

It has released a report that suggests an attempt to repeal the Affordable Care Act — even through a back-door process — is doomed to cost Americans more than many of them can afford.

The CBO reports that Donald Trump’s threat to repeal the “cost-sharing” payments to Americans seeking health insurance under the ACA is going to cause premiums to skyrocket. Such a repeal also would balloon the deficit by $194 billion over the next decade.

The president has made the threat as a way to get congressional Democrats to bargain with Republicans after the GOP repeal/replace effort failed in the U.S. Senate.

The payments provide Americans a way to afford health insurance. They subsidize insurance companies as well, giving them a chance to provide coverage to Americans who otherwise could not afford it.

As I’ve noted already, my wife and I have benefited directly from the payments provided under the ACA and I am appalled that the president would threaten to cut them off, to use them as a bargaining tool — or, if you’ll accept this description, as a political football.

I’m glad the CBO has lined up on the side of Americans — such as yours truly — who want the president and Congress to improve the ACA, not repeal it.

medical news, national news, political news

This is how Trump refuses to ‘own’ his failures

Well now. Donald Trump is tweeting something about “repercussions” if Senate Republicans fail to enact a health care insurance overhaul that would “repeal and replace” the Affordable Care Act.

This must be what the president means when he says he won’t “own” any failure to approve this legislation.

I believe the president must own it. He must take responsibility. He is the nation’s top Republican — even if he is a Republican In Name Only, aka a RINO, in the hearts of many true believers.

That’s not how sees it. He’s now suggesting via Twitter that he’ll somehow punish Republicans on Capitol Hill if they fail to do his bidding.

Explain yourself, Mr. President.

First things first. He needs to offer some detail on what his bidding entails. What does he want, specifically, in a health care overhaul? Oh, I almost forgot. The president is just too damn busy “making America great again” to worry about the details of legislation that aims to affect one-sixth of the American economy.

The Congressional Budget Office doesn’t like the GOP plan. It will cost millions of Americans their insurance plan and it cuts too much money from Medicaid, which enables Americans to afford health insurance.

Just as President Truman famously posted the sign on his desk proclaiming “The Buck Stops Here,” Donald Trump is now infamously declaring that others will pay the price for his own failures as head of a once-great American political party.

In my humble view, presidents don’t earn their tickets into the pantheon of greatness by refusing to “own” their mistakes. The GOP health care plan is a doozy of a mistake, Mr. President. It’s on you.

medical news

Can’t get past the ACA repeal process

As I look over the outlines of the congressional Republicans’ effort to repeal the Affordable Care Act, I see precisely one element that’s worth supporting.

That would be the end of the “individual mandate” that requires all Americans to have health insurance or else face a federal penalty. That particular part of the ACA has bothered me from the get-go.

The rest of it? I cannot accept what the GOP has tried to do — in secret, with no Democratic input, no public testimony (other than the angry rhetoric members of Congress have heard at town hall meetings across the country).

This is star chamber legislation, despite what Senate Republican Leader Mitch McConnell today said to the contrary.

***

Which brings me to my major point.

The process stinks to high heaven. Yes, it stinks even more than the way the ACA came into being, which wasn’t ideal, either. Still, the Democrats who ran Congress in 2009 at least were able to solicit public commentary while seeking in vain for contributions from their Republican colleagues in crafting the legislation.

Now we hear from former President Obama, who today weighed in with his scathing critique via Facebook. “Simply put, if there’s a chance you might get sick, get old, or start a family – this bill will do you harm,” Obama wrote. “And small tweaks over the course of the next couple weeks, under the guise of making these bills easier to stomach, cannot change the fundamental meanness at the core of this legislation.”

The Hill story on Obama post is here.

Why is it mean? It gives tax breaks to the wealthy; it rolls back Medicaid insurance for poor Americans; it wipes out federal money for Planned Parenthood, a major contributor of health services to women.

The Senate version of this new measure resembles the House version. The House managed to approve it with a 217-213 vote. Today, four conservative GOP senators said they can’t support the Senate version, which — if they hold their ground — dooms the measure.

McConnell is going to tempt them with goodies and other amendments. We’ll have to wait for whatever rabbit McConnell pulls out of his hat.

If the end justifies the means by which congressional Republicans have cobbled this legislation together, then we’re witnessing an exercise in political cynicism at its worst. The GOP aim — to my way of thinking — has been solely to strip Barack Obama’s legacy of this landmark law.

Let’s all wait now for the Congressional Budget Office — the famously non-partisan auditing agency — to “score” this latest GOP monstrosity. If the numbers show what previous CBO analyses have revealed — that millions of Americans will lose their health insurance — then we’ll get to listen to GOP lawmakers criticize the CBO for being too, oh, dire or negative.

The dance, then, will continue.

medical news, national news

GOP changes tune on health care bill accountability

I must have dreamt it in 2009.

We had a new president of the United States, Barack Obama. He wanted to enact a health care reform bill that would help provide “affordable health insurance” for millions of Americans. Obama and congressional Democrats couldn’t get any help from Republicans.

So they went alone. Republicans howled like horny hounds. They condemned Democrats for the way they pushed the Affordable Care Act to a vote. It passed. The president signed it into law.

Republicans haven’t stopped yowling ever since.

So, what’s their answer? Senate Republicans now are locking Senate Democrats out of negotiations for their so-called replacement of the ACA. They aren’t going to release any details of what they hope will replace the ACA until it comes to a vote in the Senate.

Senate Democratic leader Chuck Schumer challenged Senate Republican leader Mitch McConnell to produce the details of the bill to give every senator ample time to debate it. Ten hours is what they’re getting to talk about legislation affecting one-sixth of the nation’s economy. Ten hours!

McConnell insists that’s enough time. Umm, no, Mr. Leader, it’s nearly enough time.

What do these GOP senators hope to do here? I believe they are seeking to foist a bill onto Americans in an even more egregious manner that Democrats sought to do at the beginning of Barack Obama’s term as president.

The Affordable Care Act is not the “failure” Republicans have described it as being. The Congressional Budget Office has “scored” the GOP alternative to the ACA and said 23 million Americans will lose health insurance if it becomes law.

The House of Representatives approved an ACA replacement with zero Democratic votes; it now rests in the Senate.

Transparency? Accountability? We can have neither of those things when the lawmakers in charge cobble a massive bill together in private, talking only to those of like minds.

That is not how you legislate.

medical news, national news

Who needs analysis of ACA repeal bill? Not the GOP

Did I hear this correctly?

Congressional Republicans are pushing a vote on a measure to repeal and replace the Affordable Care Act without knowing the “score.” Is that right? I guess it is. That’s what the “enemy of the American people” media are reporting.

Republicans got themselves into a jam the first time they tried to repeal the ACA when the Congressional Budget Office delivered some bad news about the American Health Care Act: The AHCA, according to the CBO, would toss about 24 million Americans off their health insurance programs.

That frightened enough Republican congressmen and women to forestall a vote on a repeal/replace measure.

So, the GOP leadership found a way around that. They made the new repeal/replace law more drastic than the previous one and have scheduled a House vote before the CBO has a chance to “score” it.

The conservative Freedom Caucus, which bucked the original bill, is now on board. Moderate Republicans, meanwhile, are the wild card in the vote that’s coming up.

Democrats? They hate this bill even more than the first one. They’re out. Forget about the Democrats.

Memo to GOP leaders: This is not how you build a “good government” environment.

To think, too, that Republicans were just furious that Democrats allegedly tried in 2010 to shove the Affordable Care Act down Republicans’ throats.

Who’s angry now?

Uncategorized

Meanwhile … the budget deficit keeps shrinking

Bad news tends to run laps around good news.

People are drawn to negativity in a curious way. Positive developments? Oh, forget about it. We’ll get to the good stuff later — if we remember to think about it.

I hereby want to present a bit of cheer amid all the tumult over child refugees, Israel vs. Hamas, Iraqi insurgents, impeachment, congressional lawsuit and anything else of late.

http://www.politico.com/story/2014/07/wh-budget-deficit-will-drop-to-583-billion-108822.html?hp=l9

The federal ran a surplus of $71 billion in June. There’s more. The annual budget deficit is going to hit — at most by some estimates — $583 billion for the current fiscal year that ends Sept. 30; indeed, the non-partisan Congressional Budget Office projects a deficit of $492 billion.

It’s that surplus business that has me most intrigued.

Could it be the spurt of new jobs, which reached 288,000 in June, producing more tax revenue for the Treasury? Might it be accompanied by a burst of new business activity, which generates even more revenue?

Why, you would think we’d hear cheers from both sides of the political aisle.

Didn’t happen. Nope. We’ve been fixated by that negativity thing. We respond to the bad news and shrug at the good news.

I’m no Pollyanna. I know we’ve got problems at home. We damn sure have them around the world. Our government is coping as best as it can, or one should hope.

The budget deficit, which once was the Bogeyman of the Right, is being slain. It’s not gone yet. It’s still too great. It’s less than half of what it was when the current administration took over.

I think I’ll hoist a cold one in honor of the good news.