House considering its own no-hoper alternative solution

The bill currently being negotiating by Harry Reid and Mitch McConnell in the Senate is roughly the only viable alternative to reaching the debt limit. But the next bounce of the ball development will apparently be another try by the House Republicans to express just how much they dislike Obamacare.

House Republicans told Washington reporters this a.m. that they will put up a different bill, one that would extend the debt limit and reopen the government but also include a change to the funding mechanism of the health care bill (by repealing the medical device tax) and a symbolic change that would prevent members of Congress (but no longer their staffs, which is a much bigger group) from getting a government subsidy when they buy their health care on the exchanges set up under the Patient Protection and Affordable Care Act (to call it by its full name for a change).

Presumably this will get a majority of Repub votes, but perhaps not enough to pass. Either way, it will likely go no further.  Perhaps it will help House Republicans (who sang “Amazing Grace” together at a caucus before working out this plan) feel that they did every anti-Obamacare thing they could before finally facing the Senate bill that is perhaps the last chance before the debt limit is reached.

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Comments (6)

  1. Submitted by Paul Brandon on 10/15/2013 - 10:38 am.

    Still trying to pacify

    the TP.

  2. Submitted by Ray Schoch on 10/15/2013 - 11:34 am.

    “Amazing grace”

    Singing “Amazing grace” while they pass another fear-and-hate-filled attempt to punish their fellow Americans for not being wealthy enough to pay for their own health care, no matter what it costs, while simultaneously taking the nation to which they claim to be loyal to the brink of default, and perhaps over that brink, is a nice example of not only the arrogance of many of those who like to call themselves “conservative,” it’s also an example of the lunacy of the current Republican Party. These people need to be put out on the street to get real jobs, the kind that contribute something of value to the society rather than poison it.

  3. Submitted by Pat Berg on 10/15/2013 - 12:25 pm.

    Question for Eric

    Have you seen this:

    http://www.huffingtonpost.com/2013/10/13/house-republicans-rules-change_n_4095129.html?utm_hp_ref=mostpopular

    Any comments?

  4. Submitted by Neal Rovick on 10/15/2013 - 03:34 pm.

    The cost of this nonsense….

    A new report, prepared by Macroeconomic Advisers, LLC for the Peter G. Peterson Foundation

    (quote)

    Fiscal Policy Uncertainty: Since late 2009, fiscal policy uncertainty has raised the Baa corporate bond spread by 38 basis points, lowered GDP growth by 0.3 percentage points per year, and raised the unemployment rate in 2013 by 0.6 percentage points, equivalent to 900,000 lost jobs.
    Government Shutdown: A 2-week partial government shutdown would directly trim about 0.3 percentage points from 4th-quarter growth.
    The Debt Ceiling: The paper considers two scenarios. The first assumes a brief, technical default that is quickly resolved, and the second assumes an extended, two-month stalemate.
    1. In scenario one, risk aversion rises, financing costs rise, prices of risk assets fall, and the economy enters a recession. Exacerbated by the Fed’s inability to lower short-term interest rates, growth only begins to rebound at end of 2014 and the unemployment rate rises to a peak of 8.5% before starting to decline. At its peak, 2.5 million jobs would be lost.
    2. Scenario two implies a longer and deeper recession than in the first scenario, but one characterized by extreme volatility. Annualized GDP growth fluctuates rapidly between plus and minus 8% until the oscillations diminish in 2015. Unemployment rises to a peak of 8.9% — equivalent to 3.1 million lost jobs — before trending down.
    Discretionary Spending: Reductions in discretionary spending have reduced annual GDP growth by 0.7 percentage points since 2010 and raised the unemployment rate 0.8 percentage points, representing a cost of 1.2 million jobs.

    – See more at: http://pgpf.org/special-reports/the-cost-of-crisis-driven-fiscal-policy#sthash.X0r3bdvu.dpuf

    (end quote)

    No cost too great to make Obama a failure…

    • Submitted by Eric Ferguson on 10/16/2013 - 12:48 am.

      Considering that’s a conservative outfit

      making those predictions, I have a feeling it’s actually sugarcoated.

  5. Submitted by Paul Brandon on 10/16/2013 - 07:04 pm.

    Just shows that

    they haven’t a prayer of actually accomplishing anything.

    And it looks like they’re finally realizing it.

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