7 results for search: Summers


News Briefing for Wednesday, March 11

HEALTHCARE: CBO: Obamacare Premiums Will Increase Faster Than Private Plans “Obamacare health insurance premiums will grow faster than either private policies or the federal government in coming years, according to the Congressional Budget Office. In a report released Monday, the CBO issued updated budget projections showing that “premiums for policies sold through the exchanges are expected to increase more rapidly than the underlying trend in spending” between 2016 and 2018. The CBO projects that the average premium for Obamacare policies will increase by 8.5 percent annually in those years, while federal spending is expected to grow by ...

News Briefing for Friday, January 16, 2015

HEALTHCARE: Burwell urges GOP to 'move beyond' ObamaCare arguments “Health and Human Services (HHS) Secretary Sylvia Mathews Burwell on Thursday promised a "vigorous" defense of ObamaCare this Congress as she outlined policy priorities she said could receive bipartisan support, such as addressing prescription drug abuse and accelerating the development of medical cures. "I hope we can move beyond the back and forth of the Affordable Care Act," Burwell said at the New America Foundation. She also downplayed Republican plans to target pieces of the healthcare law now that the GOP is in control of both chambers on Capitol Hill.  "We want to find ...

News Briefing for Tuesday, January 6, 2015

TEA PARTY PATRIOTS: Boehner in line for 3rd term as speaker; GOP readies agenda “House Speaker John Boehner's prospects for a new term appeared secure Monday despite grumblings from tea party-aligned dissidents on the eve of a Republican takeover of Congress, while GOP leaders in both houses pointed toward a swift veto showdown with President Barack Obama over the long-stalled Keystone XL pipeline. Senate Republicans, winners of a majority in last fall's elections, began laying down markers for legislative battles ahead. "Tax reform should not be used as an excuse to raise taxes on the American people," wrote Sen. Orrin Hatch of Utah, who will ...

News Briefing for Wednesday, October 1, 2014

HEALTHCARE: Federal Court Deals Another Blow to Obamacare “Today in Pruitt v. Burwell, District Judge Ronald A. White of the Eastern District of Oklahoma followed the reasoning of the D.C. Circuit’s opinion in Halbig v. Sebelius, striking down the extension of unlawful tax subsidies even though Oklahoma had declined to establish its own state insurance exchange. The court concluded that the phrase “established by the State” means what it says. This may foreshadow an even deeper circuit split, underscoring how important it is that the Supreme Court review these cases at the soonest opportunity.  The court’s conclusion is worth quoting ...

Washington finds a scapegoat for the financial crash

And who is that scapegoat? Is it former President George W. Bush, who presided over the housing bubble and crash? Is it former President Bill Clinton or former Clinton/Obama advisor Larry Summers, who were in charge of things when Gramm-Leach-Billey was signed into law in 1999? Or perhaps then-Senator Chris Dodd (D-CT), who received special treatment from Citigroup for a loan, or the executives of Freddie Mac and Fannie Mae, including the one who engaged in a sexual relationship with then-Rep. Barney Frank (D-MA) while Rep. Frank was the Ranking Member of the House Financial Services Committee? Nope. It’s S&P, which the government wants ...

Fiscal Cliff Negotiations are getting worse

On Sunday, The Washington Post reported that negotiations between Speaker Boehner and President Obama are moving forward. Unfortunately, they are moving in the wrong direction. Here are the highlights, with why they are bad in italics:  House Speaker John A. Boehner has offered to push any fight over the federal debt limit off for a year, a major concession that would deprive Republicans of leverage in the budget battle but is breathing new life into stalled talks over the year-end “fiscal cliff.” The debt ceiling is a major negotiating point for Republicans with President Obama. It’s the only reason the Budget Control Act (BCA) is in ...

The Clinton-era tax rates fallacy

Over the last few years, President Obama and his many surrogates have made the case that if America was to return to tax rates on the wealthy that were seen under President Bill Clinton, America would once again become the land of milk and honey. This argument is, unfortunately, a false one, for a number of critical reasons. Here are several: First, the simple fact is that President Clinton spent much less than President Obama. While the Fiscal Year 2012 numbers are not out yet, some perspective is available: the federal budget went up by 60% in inflation-adjusted 2010 dollars between 2001 (the last year of a Clinton budget) and 2010. As ...