Top Democrats Push Budget Gimmick That is Already Law

The headline and first sentence says it all

Pelosi, Hoyer press for 'pay as you go' budget

House Democrats are amplifying their push for pay-as-you-go rules to govern the coming spending debate.

The Democrats are pushing for pay as you go ?  What if they ALREADY had pay as you go?


Flashback:   February 13, 2010  (excerpted)

.... But what also made these large deficits possible was the end of a common sense rule called "pay as you go." It's pretty simple. It says to Congress, you have to pay as you go. You can't spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is how a responsible government manages a budget, as well.

It was this rule that helped lead to balanced budgets in the 1990s, by making clear that we could not increase entitlement spending or cut taxes simply by borrowing more money. And it was the abandonment of this rule that allowed the previous administration and previous congresses to pass massive tax cuts for the wealthy and create an expensive new drug program without paying for any of it. Now in a perfect world, Congress would not have needed a law to act responsibly, to remember that every dollar spent would come from taxpayers today -- or our children tomorrow.

But this isn't a perfect world. This is Washington. And while in theory there is bipartisan agreement on moving on balanced budgets, in practice, this responsibility for the future is often overwhelmed by the politics of the moment. It falls prey to the pressure of special interests, to the pull of local concerns, and to a reality familiar to every single American -- the fact that it is a lot easier to spend a dollar than save one.

That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the "pay as you go" rule into law. Now, Congress will have to pay for what it spends, just like everybody else.

Weekly Address: President Obama Praises Restoration of Pay-As-You-Go

ObamaCare Insurance Risk Corridor Nearly Depleted, S&P Warns

Obamacare is a failure many times over no matter how the administration and the propaganda machine spins it.  Increased costs, increased emergency room visits, lower enrollment rates than predicted and bankrupt healthcare 'coops' are just a few of the failings of  Barack Obama's signature healthcare law.  Executive action delaying the rest of the roll-out until next year and later will not stop the inevitable failure of Obamacare.  As The Hill reports, Obamacare was sold using many BIG lies as a few more come to light.

A key ObamaCare program intended to cushion health insurers from high costs is facing a massive cash shortage going into 2016, Standard and Poor’s said Thursday. 

Under the so-called “risk corridor” program, the Obama administration charges insurers with more-than-expected profits and redistributes the money to plans with losses.

In the first two years of the healthcare law, more insurers than expected have ended up with balance sheets in the red. As a result, the risk pool now has only about $1 to cover every $10 in claims – an equation that is not likely to improve until the market stabilizes. 

“We estimate that that the 2015 ACA risk corridor will be significantly underfunded, as was the case the previous year,” Standard and Poor’s analyst Deep Banerjee predicted in a report Thursday. 

Banerjee said external funding would likely be needed to add to the funds in 2016, a move that would likely have to be made by Congress. 

Federal health officials had expected a rough few years after new rules that said insurers couldn’t reject customers with pre-existing conditions – adding more risk to the marketplace. 

But the risk pool has been depleted faster than expected as insurers intentionally lowered costs in the early days of the ObamaCare maketable with hopes of reeling in new customers. 

The situation could improve this year, with more insurers raising their premiums, Banerjee said.

The risk pool was designed for insurance companies to offer artificially low premiums to entice customers to their plans and enabled the Democrats to say these rates are proof Obamcare was a good deal. Of course now the premiums are rising many times faster than inflation so what is left? Skyrocketing premiums and more deficit spending by bailing out Obamacare with tax money as the article concludes. Where will the Democrats find the funds for their fiasco? ( Incidentally, Barack Obama is the president that asked for and signed 'pay as you go' ).

“In our view, it looks like appropriations may be the only way to fully fund the risk corridor deficits,” the analysis warned.\

 Obamacare was designed to fail and was based on LIES.. It was always a Trojan Horse for a single payer government controlled healthcare system The Democratic party's zero information voter base was expertly exploited by Obama's apparatchiks and they relied heavily on the stupidity of the Democratic voter and their representatives to get Obamacare passed, just as they will when they push for single payer 'medicare for all' .



BTW, single payer is a failure, just ask Vermont....



Other blogs on Obamacare

MN Individual Healthcare Premiums Increase Up to 49%

Overhead costs exploding under ObamaCare

Jonathan Gruber Had Larger Role in ObamaCare Than Previously Known

Nation’s 'Elite' Cancer Hospitals Off-Limits Under Obamacare