Thread: Economics The Fiscal Cliff Approacheth
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Old 11-21-2012, 10:46 AM   #209
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by dirk digler View Post
I will believe it when I see it. Boner wrote an op-ed where he wants Obamacare on the chopping block as part of the deal so if that is the case he really isn't that serious.
Well, he is serious because it has $17 trillion in unfunded liabilities. Furthermore, since not all states will set up an exchange, that means the federal govt will have to. There's a glitch in the bill, and that is those exchanges are NOT funded. So that has to be approved by a Republican congress who holds the power of the purse. This was how the Ds ended the Vietnam war by refusing to fund it. Remember, Pelosi said we have to pass it to find out what's in it...and this is what is being found.

Plus the SC gave the states some power on Medicaid. Something else that could hurt it.

It's insanity to fund that massive an entitlement program in the current climate. It could still come crashing down.
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