Some initial reports starting to come out on GOP positioning in advance of a soon needed vote to increase the US government "debt ceiling" so-called. Story at NRO.
Seems like the GOP strategy will be to accept a substantial increase in the "debt ceiling" in political exchange for a one year delay in the implementation of "Obamacare".
To increase the debt ceiling, Cantor said, Republicans will demand a one-year delay to Obamacare.
It was the first definitive announcement regarding what, specifically, the House will demand in exchange for raising the debt ceiling, and a big reason that some of the typical conservative hardliners came out of the meeting relatively placid.
“We think that as this thing is implemented there’s going to be an outcry (Ed: I don't. At least not in my state...), and that’s when the delay comes in,” said Representative John Fleming of Lousiana, who supports the plan.Round one.
The GOP position here would be 'fiscal neutral' for next year. "Obamacare's" approval will probably add substantially to currently projected $NFA injection for FY 2014 (of course as well as increase access to healthcare for many of our citizens).
2 comments:
Interesting...they've given up on calls for more austerity.
Well Mike I think the current 2014 budget still has 80b+ of 'sequster' cuts in the whole year..
But your right, it looks like they dont have any more in mind than that 80b...
Which they sort of implied that they did with Boehners speech in Idaho on the $4$ cuts for "ceiling" (BAAAADDDD!!!!) seems like they have come in off the ledge on that...
Even with the 80b in cuts, it still looks like injections will be about flat YoY in 2014 ($4.15T)... and then there may be some supplementals which would help...
This is "not bad" news from a fiscal standpoint; but of course bad news in real terms of access to healthcare for many.... and it could be even much better from a fiscal standpoint if they funded Obamacare.. I guess still a possibility....
Looks like team Obama's ball now...
rsp,
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