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Monday, January 03, 2011

"G.O.P. Vows to Cut Spending and Roll Back Health Care Bill"

In case you had any doubts:

G.O.P. Vows to Cut Spending and Roll Back Health Care Bill, NYT: Congressional Republicans vowed Sunday to use their new majority in the House and their stronger position in the Senate to roll back the Obama administration’s health care overhaul and press for sharp, rapid cuts in spending.

But there is hope:

A flat-out repeal of the health care law would face a steep hurdle in the Senate, where Democrats will cling to a slim majority

This is just the beginning:

Representative Fred Upton of Michigan ... said "...we’re going to go after this bill piece by piece.” Mr. Upton also said the House could use the Congressional Review Act to roll back the Environmental Protection Agency’s sweeping regulations of climate-altering gases from factories and power plants. ... Senator Lindsey Graham, Republican of South Carolina, said ... that the fight over health care would most likely be waged in Congress by cutting financing for implementation, and in state capitals by fighting the law’s new requirements.

And:

Congress will face two major spending-related fights: a vote to extend a continuing resolution to finance the operations of the government, and a vote to raise the ceiling on the public debt. Tea Party activists have vowed to use the votes to make a point about the need for fiscal discipline. ...
Senator Graham ... agreed that an unprecedented default by the federal government “would be very bad for the position of the United States and the world at large,” but promised to use the debt-ceiling vote as an opportunity to exert discipline.
“I will not vote for the debt ceiling increase until I see a plan in place that will deal with our long-term debt obligation starting with Social Security,” he said, adding, “I’m not going to vote for a debt-ceiling increase unless we go back to 2008 spending levels, cutting discretionary spending.”

Last time the GOP held the economy hostage, Obama and the Democrats folded their hand. Maybe there's not so much hope after all?

    Posted by on Monday, January 3, 2011 at 12:24 AM in Economics, Politics | Permalink  Comments (20)


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