Tuesday, March 16, 2010

Not So Fast Pelosi

A story from Congressional Quarterly reports:..
“Rank-and-file Democrats did not talk about the details, but said that the CBO scores [of the House reconciliation bill] had come up short. ‘They were less than expected’ in terms of deficit reduction, said Rep. Gene Green, D-Texas, who plans to vote for the bill.”…
There are several things that Democrats are up against when it comes to the CBO score. The most important is that, based on reconciliation instructions, the “fix” bill must be shown to reduce the deficit by at least $1 billion. The challenge is, that’s after assuming that the Senate bill is law. In other words, the reconciliation bill can’t claim any of the deficit reduction from the Senate bill, but rather it must reduce the deficit relative to the Senate bill. Yet the changes that are being talked about will cost a lot of money. This includes eliminating the “Cornhusker kickback” and offering enhanced Medicaid subsidies to all states, increasing subsidies for the purchase of insurance, eliminating the so-called “donut hole” on Medicare prescription drug benefits, and whatever else they put in the bill. At the same time, delaying until 2018 the enactment of the “Cadillac tax” would be scored as a reduction in revenue, and thus add further to the deficit. They’d have to make up the gap through tax increases as well as try to siphon “savings” away from the student loan bill. (More on that here.) But evidently it seems like they’re running into trouble on this front.

Will they Slaughter the Bill now???

2 comments:

John said...

HELL NO they won't slaughter the bill. When the Hypocrats see stupidity, they can't fight the urge to double-down! LOL

I can't wait to see the CBO score though, and laugh at the hypocrisy of the Hypocrats straining to do some explaining as to why they are voting for such a costly POS, when they swore in the past they wouldn't!

Mark Adams said...

The CBO would have to be done by Sunday, based on all the talk of having this vote come by then.
I wouldn't think they would vote without a score. But of course, I never thought they would even think about the Slaughter rule, either... I should have known they would stoop this low...