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).

Los Angeles Times: House GOP Weighs Backing Off Default Threat
The threat of the coming March cuts – which both parties have said they hope to avoid – provide an opportunity for the GOP to try to force Obama and Senate Democrats to consider alternative reductions elsewhere. Republicans have long sought to spare the Pentagon from cuts and shift the burden to other domestic programs, including Medicare and safety net programs. But to get to that debate, Republicans must first dispatch with the need to raise the nation's debt limit, which could come as soon as mid-February (Mascaro, 1/17).


http://www.kaiserhealthnews.orgThis article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.

 

Posted in: Healthcare News

Tags: , ,

Read in | English | Español | Français | Deutsch | Português | Italiano | 日本語 | 한국어 | 简体中文 | 繁體中文 | Nederlands | Русский | Svenska | Polski
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 .

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News-Medical.Net.
Post a new comment
Post
You might also like... ×
Medicare open enrollment brings lots of choices