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Saturday, October 24, 2009

House Health Care Bill Exceeds $1 Trillion

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WASHINGTON – Healthcare legislation taking shape in the House carries a price tag of at least $1 trillion over a decade, significantly higher than the target President Barack Obama has set, congressional officials said Friday as they struggled to finish work on the measure for a vote early next month.

Democrats have touted an unreleased Congressional Budget Office estimate of $871 billion in recent days, a total that numerous officials acknowledge understates its true cost by $150 billion or more. That figure excludes several items designed to improve benefits for Medicare and Medicaid recipients and providers, as well as public health programs and more, they added.

The officials who disclosed the details did so on condition of anonymity, saying they were not authorized to discuss them publicly.

Some moderate Democrats have expressed reluctance to support a bill as high as $1 trillion. Last month, Obama said in a nationally televised address before a joint session of Congress that he preferred a package with a price tag of around $900 billion.


Read the Full AP News Story

Investors.com - Our Drunken Uncle

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According to two separate Government Accountability Office scenarios, America's long-term fiscal outlook is "unsustainable." No surprise, since Uncle Sam is spending like a drunken sailor.
The GAO, Congress' in-house think tank, warns that in "little over 10 years, debt held by the public as a percent of GDP" will hit a record high, exceeding the debt-to-GDP ratio seen after World War II. Then it will "grow at a steady rate thereafter," according to the government forecasters.
"Social Security cash surpluses, which have been used to help finance other government activities, are projected to turn to cash deficits by 2016," the GAO warns.
The agency's fall update of its "Long-Term Fiscal Outlook" adds that "the Social Security trust fund will be exhausted in 2037, 4 years earlier than estimated last year." The Medicare trust fund's day of reckoning, meanwhile, "was also moved forward by 2 years to 2017."
Investors.com - Our Drunken Uncle

Friday, October 23, 2009

'Public' Plan With State Option to Opt Out Mulled - Political News - FOXNews.com

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Pay Czar's Move to Cut Salaries Raises Questions About Limits of Authority - Political News - FOXNews.com

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Thursday, October 22, 2009

Japan-U.S. missile defense faces budget limits

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TOKYO (Reuters) - Tokyo may not have the money to complete its joint missile defense plans with the United States, aimed at protecting it from regional threats such as North Korea, Japan's defense minister said on Wednesday.

"The first half of the missile defense plan is complete, but we are considering what to do about the remaining half," a Japanese official quoted Toshimi Kitazawa as telling U.S. Defense Secretary Robert Gates.

"I understand how important missile defense is, but the financial authorities are taking a harsh view. However, I want to overcome this somehow," the official quoted him as saying.

Japan's new Democratic Party government, which toppled a long-ruling conservative government in an August election, is trying to slash unnecessary spending and control massive national debt without damaging an already weak economy.

The official did not give details of which parts of the plan might be delayed or canceled.

Japan's joint ballistic missile defense program with the United States includes ship-based SM-3interceptors and land-based PAC-3 interceptors, as well as sensors and joint research to upgrade the system.

Some of Japan's PAC-3 missile interceptors were deployed in April, when North Korea conducted what it said was a satellite launch on a flight path over northern Japan.

The Japanese official quoted Gates as saying financial authorities were always strict and adding that the missile defense plan was a wonderful example of success in the U.S-Japan alliance.

Japan's defense budget has been falling for seven straight years, reaching about 4.7 trillion yen ($51.9 billion) in the year that ended in March and is set for further cutbacks, domestic media say.

The defense ministry has allocated between 100 billion yen and 180 billion yen ($1.10-1.99 billion) a year to the joint missile defense project annually since 2004.

($1=90.65 Yen)

By Isabel Reynolds
Reuters

Obamacare doctor bribe fails in Senate, Reid whines

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It looked like the fix was in. The “Doc Fix,” that is. As the Heritage Foundationhas been reporting, the White House and Dem leaders scurried today to try and pass a $247 billion payoff to doctors groups as an enticement to support Obamacare.
Surprise: The fix failed. The cloture voted on S. 1776 failed by 47-53. Here’s the roll call vote:

And now look who’s whining. Harry Reid blames the AMA:
Reid brought the $247 billion bill to the Senate floor this week as part of a deal to secure the support of doctors groups such as the AMA for passage of a separate, broader healthcare reform bill later this year. But the strategy has backfired.
Reid knew that he needed Republican votes because several centrist Democrats made it clear to him before this week that they would not vote for the measure if its cost was not offset. Reid though he could count on a few Republican crossover votes…
…Reid told reporters on Wednesday that he was led to believe that more than two dozen Republicans would vote for the bill, though he did not mention the AMA by name.
“I was told by various people that we would have 27 Republican votes, which was pretty reasonable to assume since one of the co-sponsors of this legislation was [Sen.] Jon Kyl [Ariz.], the assistant Republican leader.
“I was stunned when I was told by his cosponsor Sen. Stabenow after we introduced this legislation that [Kyl] couldn’t support it. Even though he is a cosponsor he couldn’t support the legislation,” Reid said, making reference to Sen. Debbie Stabenow (D-Mich.), the lead sponsor of the 10-year doctor payment fix.
Kyl did not cosponsor the 10-year fix. Last year and in 2005 he cosponsored a measure that would have implemented a two-year freeze on the cuts to Medicare payments to doctors.
An aide to Kyl said that those measures would have indexed future payments to inflation and rising healthcare costs. The aide said that Stabenow’s bill would freeze payment levels and make no provision for rising costs.
Another factor is that the nation’s fiscal picture is much different than it was last year. The Obama administration recently estimated the federal deficit at $1.4 trillion.
By Michelle Malkin  •  October 21, 2009 04:45 PM 

Tuesday, October 20, 2009

Traditional Americans are losing their nation

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Top White House Official Says Obama Team 'Controlled' Media Coverage During Campaign - Political News - FOXNews.com

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Monday, October 19, 2009

White House Escalates War on Fox News - Political News - FOXNews.com

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Sunday, October 18, 2009

China’s Export of Its Culture Stumbles Amid State Control

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FRANKFURT — As China extends its economic reach, it has also increased efforts to promote its culture, or “soft power,” to counter Western influence and improve its image in the wider world.


Yet if Chinese goods are accepted everywhere, its arts and literature, embattled at home after decades of censorship and state control, are proving harder for the government to export.

After years of delicate preparations, China was the “honored guest” this past week at the Frankfurt Book Fair, the largest and most influential book trade event, based on the number of publishers represented. But what Beijing hoped would be a celebration of its cultural achievements turned into a tug of war between control and free speech, as much a showcase for Chinese dissidents as the state’s approved writers.

Mao Zedong said that power flowed from the “wielders of the pen,” not only from the gun. But the chairman would not be amused to find books like “Mao: The Unknown Story,” an indictment of his rule that is banned in China, displayed alongside the official Chinese exhibit at this year’s fair, which ended Sunday.

When the German organizers and diplomats urged the Chinese to allow a prominent storyteller and musician, Liao Yiwu, to come to Frankfurt, the authorities refused to lift his overseas travel ban, and told him to stop talking about it.

A symposium preceding the book fair titled “China and the World — Perceptions and Realities,” became a major confrontation. Fair organizers withdrew invitations to two dissident writers the Chinese wanted to exclude, Dai Qing and Bei Ling, but welcomed them at the last minute after criticism by journalists and politicians. When the writers made statements, the Chinese delegation walked out, only to return after an abject apology by the fair’s director, Jürgen Boos.

“We did not come to be instructed about democracy,” declared Mei Zhaorong, China’s former ambassador to Germany.

Unlike the exquisitely choreographed ceremonies during the Beijing Olympics, the fair presented a messier and more ambiguous portrait of China on the rise — a country still deeply uncomfortable with its own discordant voices, yet eager to become more competitive with the West in the realm of ideas.

China controlled its own massive display of books, artwork and authors at the fair, including even books from Taiwan, to underline its assertion of “One China.” But it could not censor the 2,500 books about China displayed by others. And while Beijing had many consultations with the German government and arguments with the fair organizers, it ultimately did not push to prevent dissidents and critics — even representatives of the Dalai Lama — from attending the event.

By STEVEN ERLANGER and JONATHAN ANSFIELD


 

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