JimofPennsylvan
Platinum Member
- Jun 6, 2007
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Republican House members with the Republican Party reconciliation bill are putting Party over country. Any really knowledge person knows that the payfors for this bill are not going to last. Once the Democrats get back into full power in Washington and it will eventually happen you can bet the deed to you home that Democrats will pass a reconciliation bill "repealing" all the right wing extremist cuts in the bill by the end of their first year. For example, the provisions having the states shoulder twenty-five percent more of the administrative cost of the SNAP program and the penalty program on the states for the SNAP program which likely will be very costly on the states, the Medicare cuts that will reduce payments to rural hospitals where we know today 380 of them across the nation are struggling to survive, the stopping of all the automatic and reasonable approvals or acceptances for the Medicaid and snap benefits program and Medicare savings program, all the mean spirited fees on immigrants and visas, the stopping of all Electric Vehicle tax credits (the domestic automobile manufacturing industry needs to keep selling EV vehicles as it transition to this new type of vehicle and away of combustion engine vehicle and this credit is needed to get American consumers to buy EVs), burdensome provisions on people with school loans, excise tax on remittances of illegal immigrants, the cost sharing up to $35.00 per claim for some Medicaid recipients.
Further, honesty calls for the conclusion that the increase to the SALT deduction from $10,000 to $40,000 which in the reconciliation bill is only authorized for five years will become permanent otherwise many in the American public will be hopping mad and this permanent tax deduction will significantly add to the country's yearly budget deficits. The bottom line is that all these extremely partisan moves by the Republicans will ultimately dramatically increase budget deficits and the national debt culminating in Sovereign debt investors charging the Treasury Department an interest rate premium on Treasuries for default risks and inflation risks culminating in Americans across the board paying higher interest rates on home mortgages, car loans and credit card balances. This reconciliation bill is going to put America on a trajectory for a major national debt crisis!