07.27.11

Debt ceiling & starve the beast. Light posting this week – vacation

Posted in Around The Nation, Around The State, The Lege, Williamson County at 10:28 am by wcnews

Here are a few items to check out this week.

Boehner, Cantor, McConnell, Ryan, etc…all voted for the policiies taht created our current debt – tax cuts, wars, and corporate welfare (TARP).  Via Bloomberg, Republican Leaders Voted for Debt Drivers They Blame on Obama.

House Speaker John Boehner often attacks the spendthrift ways of Washington.

“In Washington, more spending and more debt is business as usual,” the Republican leader from Ohio said in a televised address yesterday amid debate over the U.S. debt. “I’ve got news for Washington – those days are over.”

Yet the speaker, House Majority Leader Eric Cantor, House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell all voted for major drivers of the nation’s debt during the past decade: Wars in Afghanistan and Iraq, the 2001 and 2003 Bush tax cuts and Medicare prescription drug benefits. They also voted for the Troubled Asset Relief Program, or TARP, that rescued financial institutions and the auto industry.

Together, according to data compiled by Bloomberg News, these initiatives added $3.4 trillion to the nation’s accumulated debt and to its current annual budget deficit of $1.5 trillion.

That’s the GOP’s “starve the beast” plan in a nutshell. Drive up deficits so high, with tax cuts for the rich and war spending, that the only thing left to do is bring pain on poor, working and middle class Americans.

The WCGOP has approved their redsitrcting plan for Williamson County. Check out the maps here.

Also a couple of interesting post on the possible state Senate and House vacancies for 2012.

And the CPPP on what The Lege did to health care in the 82nd legislature, A Mix of Cuts, IOUs, “Efficiencies” and Gray Areas.

The 82 nd Legislature’s state budget for 2012-13 includes Medicaid-CHIP provisions with a mix of specific direct cuts and spending reductions totaling $2.03 billion general revenue (GR: state dollars) including $805 million GR in cuts to fees paid to Medicaid service providers; other benefit and spending cuts totaling about $843 million GR; managed care expansion savings of nearly $386 million GR; and roughly $4.8 billion GR in under-funding—an IOU that will come due early in 2013.

This Policy Page summarizes high-level Medicaid-CHIP decisions adopted for health and human services agencies; key funding developments for non-Medicaid health programs will be featured in an upcoming August analysis.

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