Debt ceiling, March spending cuts present policy and political choices

Published on January 19, 2013 at 6:41 AM · 1 Comment

As the White House and congressional Republicans wrestle with strategies to deal with these upcoming budget issues, Medicare and Medicaid will be important factors.

The New York Times: Difficult Choices On Debt If The U.S. Hits The Ceiling
The Treasury Department is undertaking "extraordinary measures," … to leave it with more cash on hand. But such measures buy the country only so much time. … That day might be Feb. 15, for instance. According to a Bipartisan Policy Center analysis, the government expects about $9 billion in revenue to arrive in its coffers that day. But it has $52 billion in committed spending on that day: $30 billion in interest payments, $6.8 billion in tax refunds, $3.5 billion in federal salaries, $2.7 billion in military pay, $2.3 billion in Medicaid and Medicare payments … and a smattering of other commitments. The Treasury would be confronted with paying doctors but not soldiers (Lowrey, 1/17).

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Comments
  1. Kim Ea Kim Ea United States says:

    I have a solution about  the dept of our country . 1- get rid of the entire Home land security . 2_Get rid all the  check ATF at air port.  The two Department can reduce 2 to 3 hundred of billions dollars a year  already.Why i said that because AMERICAN is too sensitive to respond to the treat of their enemy . Because of enemy the terrorist organization do some thing harm to our country you get so exciting and create one department and spend a100 b dollars to solve it right away that very wrong. Please find the way to capture the killers or get rid of  his organization right away is chipper than you do it now . I think American is stronger than the terrorist who send a few animals to come there and scare us .

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