Blogs

House health reform votes to occur Saturday.

A top House Democratic staffer just told me the reconciliation bill, with some surprises, and a tentative CBO score will be posted on the House Rules web site late tonight or early tomorrow morning.  Then a final CBO score will be posted Friday.  The Rules Committee will meet Friday to mark up the rule.  Then the House will vote on the rule Saturday, engage in perhaps four hours of debate, and, later Saturday, take the final vote on the reconciliation bill, which will deem the passage of the Senate bill. 

House Democratic leaders appear increasingly confident of passage following Rep. Dennis Kucinich's (D-OH) decision today to vote for the bill. On November 7, 2009, he was one of 39 Democrats who voted against the House health reform bill, H.R.3962. Kucinich's statement explaining his upcoming vote details his anguish that the only bill before him is so flawed.  

The Washington Post Has No Shame

This morning's paper carries an op-ed criticizing health care reform primarily on the grounds that it will cost too much. It urges that the plan be sharply scaled back so that it will get bipartisan support.

If this op-ed were written by a Republican member of Congress it would be unremarkable; not even worth publishing. But this particular op-ed was authored by someone who appears to have meaningful expertise on the subject. The writer, Tom Scully, is identified as the former administrator of the Centers for Medicare and Medicaid Services and a White House official during the George H.W. Bush administration.

My Main Complaint about Congress -- Again

I wonder if the Founding Fathers envisioned that this sentence (highlighted in bold, courtesy of Harold Meyerson's column in today's Washington Post) would become so commonplace:

The civil rights leaders who have called this march don't doubt that if Obama could enact immigration reform by executive order, he would. In his meeting with them last Thursday, the president affirmed his commitment to the cause. Whether it will become his legislative priority is another question: Congress is waiting to see what Obama does, even as Obama says he needs to see some GOP willingness to enact reform (and this is certainly a cause that some leading Republicans, most notably John McCain, have supported in the past).

Why should Congress wait to see what Obama does?  Congress should do.  Obama should sign, or not.  When you march on Washington, you should be facing east from the Washington Monument, not north.

Clive Crook Says "Taxes are going up -- a lot."

And he says in National Journal that a value-added tax is on the horizon.

There's nothing really new in Clive's column.  Bruce has been saying that a VAT is logical for a long time.  And among many others, I've been saying that the deficit isn't just a spending problem.

But the fact that Clive is now willing to go where others have boldly gone before is an important indication that the public debate is now changing and that a tax increase is becoming a topic for polite conversation.  It might not yet inevitable but it's definitely becoming more acceptable.

 

Norm Ornstein Embarasses The GOP On Its Hypocrisy

As you read the following from noted congressional expert Norm Ornstein, keep in mind that he's no Democratic apologist or spinmeister.  Norm is a scholar at the American Enterprise Institute, an organization no one could possibly mistake for an arm of the Democratic  Party.  I'm reprinting the whole thing so no one can accuse me of selectively quoting from Norm's piece.

 

Hypocrisy: A Parliamentary Procedure

Financial Regulation -- not as ugly as it looks

     I’ve been plowing through Senator Chris Dodd’s 1,300-page bill to overhaul financial regulation, and I’m surprised. At first glance, it is tougher and better than I had expected.
      Readers beware: it’s not a pretty piece of work.  Kids! Do not read this at home. It makes the prospectus for a subprime mortgage-backed security look like a model of clarity.
     The bill is full of murky exclusions, exceptions and hair-splitting -- usually a red flag that our elected representatives have capitulated to big-money interests and disguised the bombshells behind eye-glazing boilerplate.
    But there are a lot of genuinely tough changes, and the bill is a lot less ugly than it first appears. 
    The big banks and Wall Street firms are already howling in protest. Front groups like the U.S.

The Moral Distinctiveness of Party Identity

Earlier this month, Nancy Rosenblum, the Senator Joseph S. Clark Professor of Ethics in Government and Chair of the Department of Government at Harvard, visited the Rockefeller Center and delivered a public lecture on the moral distinctiveness of political party identity.  She is both contrarian and clever in the way she takes apart self-styled "independents," who let their self-styled independence of thought remove any consequence they might have in electoral politics if they remain independent from their fellow voters.  She makes the affirmative case for ambitious political parties as sources of morality in politics.

The video is definitely worth your time.  For more, see her full explanation in On the Side of the Angels: An Appreciation of Parties and Partisanship.

Health Care Reform: Complying With Paygo Is A Good Thing

My column from today's Roll Call explains why, contrary to what some may think, the fact that health care reform meets the Paygo rules of the congressional budget process is a reason to vote for rather than against the bill.

PAYGO Is Not a Reason to Oppose Health Care Reform

March 16, 2010

Pay-as-you-go, or PAYGO, is what supposedly forces Congress to offset the cost of doing something new so that it doesn’t make the deficit worse. For the past two decades, PAYGO either was a formal part of the Congressional budget process or, when it expired, was something many immediately and vehemently insisted be reinstated. Editorials promoted it. Budget hawks demanded it. Political parties tried to show it was one of their basic tenets. Democrats and Republicans both supported it.

The Return of Free Silver

THE ASSOCIATED PRESS

March 15, 2010

Moody's Warns About Federal Debt

Today, Moody's Investors Service, a bond rating company, issued a warning about the the federal debt. I couldn't get access to the complete report, but following is the press release. BB

London, 15 March 2010 -- The ratings of all Aaa governments are currently well positioned despite their stretched finances, says Moody's Investors Service in the third issue of its quarterly Aaa Sovereign Monitor.

Moody's new report provides an update about the situation of the four largest Aaa governments -- Germany, France, the UK and the US -- as well as other selected Aaa countries: Spain and the less fiscally challenged Denmark, Finland, Norway and Sweden. In its examination of these countries' unchanged creditworthiness, Moody's identifies the key challenges facing them.

Syndicate content