Has Delaware been making payments to the feds on the money it has borrowed to pay unemployment? Did you know that some of this money is borrowed? Check the attached article from 2011.
I guess that would depend on whether President Obama and the Federal Reserve decide that we should have one. Tax money will continue to come in ($220 Billion or so) and can be prioritized to pay the debt first and avoid a default. That is about $20 Billion per month plus principal on whatever notes and bills are maturing at that time.
The 60% of the debt that is held by entities outside the federal government would certainly have to be paid on first or we would be in default. I would think that the payments on the money borrowed from other government accounts like Social Security and that held by the Federal Reserve could be delayed until a deal can be reached. But that will require compromise by the House, Senate and President Obama. Yes, he will have to play too.
But if the president wants to default, we can.
As far as I understand, the House has sent several different bills to the Senate, each one with more compromise.
I believe that the last proposal sent over would fund the government, including ObamaCare, for the next year. People can sign up, get coverage, get subsidies and see doctors. The only thing that they change in the law is that if you choose not to buy a policy, the IRS fines for not purchasing one, are waived for a year. This is what, “Delaying the Mandate” refers to. Buy one if you want to; but if you choose to wait and see how it works, you get a one year exemption from punishment just like companies were given by the president. Does not seem unreasonable to me.
They also propose to remove the 71% subsidy for congress that was not part of the law but that the president just added in. In order not to look like hypocrites Congress included in the law that was passed that they and their staffers had to sign up to get their insurance through the exchanges. Basically that their employer, the federal government, was cancelling their plan. They then would be required to pay for their policies and get whatever subsidy their income qualified them for like everyone else. With the new law, the cost of employer provided plans are going through the roof. The law says that if an employer were to choose not to buy insurance for their employees then they would be fined. The employer might, in order to keep his employees, want to subsidize what they had to pay on the exchanges but the law makes that illegal. The current House proposal wants the 71% subsidy taken back so that Congress is in the same boat as everyone else. Seems only fair.
If all this is true, and I think that it is, why on earth would Harry Reid and President Obama want to keep the government shut down over these small changes; harming service people, war veterans, vacationers, kids with cancer and many more. Also, why are the Senate and the president getting a pass on this in the press?
Am I missing something here or am I completely wrong about the current proposal?
Here you go, some of that nice European model health care that we are emulating.
This sounds like the best way for our new death panels to get control of that “27% of medical costs being spent on the last year of life” problem; just make the previous year your last year. Problem solved!
I am, of course, shocked! NOT!!
I wonder if any analyst would decide to (or already has) help out their favorite politician in an election.
The prevaricator in chief said this regarding his demand that the House vote to increase the deficit:
“House Republicans will have to decide whether to join the Senate and keep the government open, or shut it down just because they can’t get their way on an issue that has nothing to do with the deficit.”
I kind of think that this is the second year that they did it is the big story.
Isn’t the testing program that they use on the kids focused on the progress they are making? I would say that they need a “reset”.
From DelawareOnline today:
The Department of Education appears to have accidentally included a number to a phone-sex hotline in its annual guide for applying to college scholarships.
A copy of this year’s edition of the Delaware Scholarship Compendium obtained by the News Journal lists an apparent mistyping of a number for Department of Education’s higher education office — the real number is 1-800-292-7935.
When the number included in the guide is called, an automated message picks up.
“Welcome to America’s hottest talk line,” the message says. “Ladies, interesting and exciting guys are waiting to talk to you; press one now. Guys, hot ladies are waiting to talk to you; press two to connect free.”
Department of Education spokeswoman Alison May said the mistake, which appears in the letterhead at the top of the guide, was a mistake in last year’s letter that got carried into this year.
May said the department is printing out new letters and sending stickers to schools that already have the guide to cover up the incorrect number.
Had you heard about the mistake? Did you or your student call the wrong number? We want to hear from you. Call reporter Matthew Albright