17 Mart 2010 Çarşamba

The Waiting Is the Hardest Part -- By: Daniel Foster

The Waiting Is the Hardest Part -- By: Daniel Foster: "The word around Washington is that there is no CBO score of the reconciliation package because the Democrats can't find a way to make the bill reduce the deficit by the legally required $1 billion through 2014.

“They were less than expected” said Rep. Gene Green (D., Texas) of early, unofficial CBO scores.

In a bill that, by the Democrats' own lights, will cost nearly $1 trillion over the next decade, a lousy billion spread out over four years doesn't sound like much. But consider that reconciliation is designed for deficit-cutting, and nearly all of the House's differences with the Senate bill -- the donut hole, the expansion of the Cornhusker Kickback to all 50 states, bigger subsidies -- are in the direction of increased spending. Moreover, the delay and watering-down of the Cadillac tax will be scored as a revenue-decreasing measure, further putting the Democrats in the hole.

It is almost as if the reconciliation process were ill-suited for something like Obamacare.


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