House leaders have concocted a plan that would use a budget gimmick that arguably violates the law to bail out Obamacare and provide taxpayer funding to plans that cover abortion.
While most of Washington remains consumed on the drama surrounding immigration negotiations, leaders in the House have quietly pursued other policy objectives. According to multiple sources on Capitol Hill, House leaders, particularly Speaker Paul Ryan (R-WI), have concocted a plan that would 1) use a budget gimmick that arguably violates the law to 2) bail out Obamacare and 3) provide taxpayer funding to plans that cover abortion.
As a certain congressman from Wisconsin said back in 2012: “With allies like that, who needs the Left?”
Budgetary Smoke and Mirrors
Ryan obliquely alluded to the plan in a recent interview, discussing a “bipartisan opportunity” to implement policies like reinsurance. Ryan’s recent positioning has led Sen. Susan Collins (R-ME) to conclude that Congress would enact such a “stabilization” package in an appropriations measure.
In a nutshell, the gimmick under consideration would have the Congressional Budget Office (CBO) raise the budgetary baseline so Congress can lower the baseline and spend the artificial “savings.” It’s a Ponzi scheme of the first order, the kind of thing Bernie Madoff would have been proud of. Here’s how it would work. --->Read the rest from Christopher Jacobs HERE at The Federalist
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