Wednesday
Jul222009
Minority Leaders In House And Senate Fight Obama’s Health Care Agenda
Wednesday, July 22, 2009 at 5:18PM
By Learned Foote- Talk Radio News Service
The minority leaders in the Senate and the House of Representatives—Mitch McConnell (R-Ky.) and John Boehner (R-Ohio) respectively—sought to preemptively counter an address set to be delivered by President Obama on health care reform Wednesday evening.
During a press conference Wednesday afternoon, Rep. Boehner warned that Obama will “repeat some of the myths that he’s been repeating over the last several months.” He said that Obama will claim that the reform proposal will reduce costs, keep the deficit from rising, and allow Americans to keep their current health care plan.
The House Majority Leader cited a report recently released by the nonpartisan Congressional Budget Office to combat these arguments. He said that the plan will spend 1.6 trillion dollars in costs, increase the deficit by $239 billion, and give employers the incentive to move millions of Americans from private to public coverage.
Senator McConnell criticized a meeting that occurred yesterday between President Obama and CBO Director Doug Elmendorf. He said that the CBO should remain free of political pressures, and likened the meeting to “the owner of the team asking the umpires to come up to the owner’s box.”
The Republican leaders rejected the idea that their opposition is inspired by political attacks on President Obama. “This is not about the President,” said McConnell. “This is about the issue, and taking the time to get it right. He said that the President criticizes “unnamed” opponents of health care reform, adding“I can’t find a single member who is not for trying to improve America’s health care system."
McConnell said that health care reform should take place on a “large bipartisan basis,” and mentioned some plans to cut costs, including preventing frivolous malpractice suits and encouraging Americans to lead healthier lives. He said that the high numbers of uninsured Americans could be reduced by equalizing tax treatment of individuals and corporations, since only companies receive deductibles by providing health insurance.
Boehner stated that the President should “scrap” the plan proffered by the House Democrats, and that negotiations should begin anew and include both parties.
The minority leaders in the Senate and the House of Representatives—Mitch McConnell (R-Ky.) and John Boehner (R-Ohio) respectively—sought to preemptively counter an address set to be delivered by President Obama on health care reform Wednesday evening.
During a press conference Wednesday afternoon, Rep. Boehner warned that Obama will “repeat some of the myths that he’s been repeating over the last several months.” He said that Obama will claim that the reform proposal will reduce costs, keep the deficit from rising, and allow Americans to keep their current health care plan.
The House Majority Leader cited a report recently released by the nonpartisan Congressional Budget Office to combat these arguments. He said that the plan will spend 1.6 trillion dollars in costs, increase the deficit by $239 billion, and give employers the incentive to move millions of Americans from private to public coverage.
Senator McConnell criticized a meeting that occurred yesterday between President Obama and CBO Director Doug Elmendorf. He said that the CBO should remain free of political pressures, and likened the meeting to “the owner of the team asking the umpires to come up to the owner’s box.”
The Republican leaders rejected the idea that their opposition is inspired by political attacks on President Obama. “This is not about the President,” said McConnell. “This is about the issue, and taking the time to get it right. He said that the President criticizes “unnamed” opponents of health care reform, adding“I can’t find a single member who is not for trying to improve America’s health care system."
McConnell said that health care reform should take place on a “large bipartisan basis,” and mentioned some plans to cut costs, including preventing frivolous malpractice suits and encouraging Americans to lead healthier lives. He said that the high numbers of uninsured Americans could be reduced by equalizing tax treatment of individuals and corporations, since only companies receive deductibles by providing health insurance.
Boehner stated that the President should “scrap” the plan proffered by the House Democrats, and that negotiations should begin anew and include both parties.
CBO Projects Lower Living Standards If Current Laws Are Not Modified
By Sarah Mamula - Talk Radio News Service
Congressional Budget Office (CBO) Director Douglas W. Elmendorf announced Wednesday that the CBO’s most recent projections offer a bleak future for the nation’s standard of living and it’s federal debt.
According to a report released by the CBO, federal debt will hit 62% of the United States’ GDP by the end of 2010, a percentage not reached since the aftermath of WWII. If current laws are not modified, the CBO projects that federal spending on healthcare programs will grow from about 5% of GDP today, to nearly 10% by 2035.
“Reaching agreement on longer term reductions in spending or increases in taxes or some combination as quickly as possible would support the economic recovery,” said Elmendorf.
The CBO Director said there are two scenarios that will work to prevent such projections from becoming a harsh reality. The “extended-baseline scenario” would implement a steadily increasing average tax rate. In addition, rising tax rates and provisions in the newly passed healthcare bill, the CBO projects that revenue would grow to 23% of GDP by 2035.
Under an “alternative fiscal scenario,” major changes in current legislation would have to take place. According to the CBO, under this plan “most of the provisions of the 2001 and 2003 tax cuts would be extended, the reach of the alternative minimum tax would be kept close to its historical extent, and that over the longer run, tax law would evolve further so that revenues would remain at about 19 percent of GDP.”
Dodging giving recommendations to Congress, Elmendorf said that “ultimately, if the debt grows unchecked… it means declines in people’s standards of living.”