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Sorting Through Debt Deal Fallout (The ramifications of this thing are now becoming known.)
RushLimbaugh.com ^ | 8/4/11 | Rush Limbaugh

Posted on 08/04/2011 3:16:34 PM PDT by Evil Slayer

BEGIN TRANSCRIPT

RUSH: Here's a story from The Politico -- and I'm suspicious. I think every story from The Politico comes from the White House. No, I really do. You may interpret that as old Rush trying to be funny -- and I know, I know; I'm a funny guy -- but I'm saying this with all sincerity. I think most everything on the Politico comes from the White House. I think it's a steno pool. "The debt ceiling..." Well, here's the headline: "Debt Deal Could Endanger the Health Care Law," and, by the way, folks, I have a whole stack on health care in this country.

For example, I mean just to whet your appetite: "The nation's third largest health insurance company, Aetna, is leaving the individual policy market in Indiana in another sign of diminishing competition to benefit consumers who purchase policies through a state insurance exchange under the federal health care overhaul." Exactly as we predicted, a private sector health insurance company is getting out of the market. They're quitting. They can't make it work. This means that customers in Indiana have one less consumer, private sector company to buy health insurance from. Pretty soon they're all gonna go south, and they'll have no choice but than to go to a state exchange (i.e., the government), and this is all in the design of Obamacare.

It's happening exactly as written, exactly as planned exactly as intended. I got a lot of other stories in this stack coming up on today's program. "The debt ceiling agreement could jeopardize millions of dollars and perhaps billions in initiatives from President Obama's health care reform law if the super committee can't come up with the required spending cuts." So you see what this is. This is why this is from the White House. The super committee hasn't been named, has it? Okay. That's right, 'cause Alan Simpson is saying if they don't appoint a Gang of Six member to the super committee, then it's worthless. (laughing)

It's just hilarious! (laughing) Alan Simpson Babe: If they don't appoint a RINO or a sellout of some other kind to this committee, then it's worthless. He wants Durbin. Well, he probably wants Durbin. He certainly doesn't want any Tea Party people on it. That's for sure. "Many of the pots of money in the law, the health care law -- one of the Democrats' most prized pieces of legislation -- could get trimmed by the debt deal's sequestration or triggered cuts. The funds for prevention programs and community health centers, grants to help states set up insurance exchanges and co-ops, and money to help states review insurance rates could all be slashed across the board if the committee can't find enough cuts this fall."

So White House calls Politico. Politico listens to what they have to say, writes the story, and the signal is sent to Congress and whoever is gonna be on this committee: If you guys don't do the right thing here, Obama's health care law is imperiled! Now, we are thus to believe that Obama and the Democrats are happy with a debt deal that imperils his health care plan. Right? Does that make any rational sense to anybody? Here we've got this great debt deal. We lifted the debt ceiling and supposedly avoided the downgrading of our debt (which is a bunch of bull hockey), and two days later we get a story saying that that very deal, which was a panacea, now threatens Obamacare.

BREAK TRANSCRIPT

RUSH: Get this. I mean, they're really putting the screws. Folks, I have to tell you something: If the debt deal does endanger Obamacare, I might have to review our fatwa and call this deal a win for our side after all. You know, yesterday I was plenty ticked off in here, as you recall, but if the debt deal actually destroys Obamacare (laughing) We'd have to call it a win!

"Funding for the temporary high-risk pools for the preexisting conditions could also be sliced, too, as well as grants to improve maternal and child health; and as previously reported by Politico, the law's cost sharing subsidies which are supposed to help low-income people pay their out-of-pocket expenses could face the axe, too." It's such a joke to read this. The law's "cost-sharing subsidies supposed to help low-income people pay their out-of-pocket expenses." They're not gonna be paying their own out-of-pocket expenses. The idea... I mean, they report this health care law as though it actually is something that's going to save money and reduce costs, when everybody knows it's just the exact opposite. So, anyway, the news is out that the debt deal "imperils" Obamacare. Yeah. Yeah.

BREAK TRANSCRIPT

RUSH: Now, as to the Wall Street Journal, my friend Andy McCarthy was reading it today, said that his jaw hit the floor when reading an editorial in the Wall Street Journal today. Andy just learned today that in the debt deal when this commission, if the cuts are not made, if the triggers are triggered, you know, the Medicare cuts in this deal I pointed out yesterday, they are not cuts to recipients, they are cuts on providers. The Wall Street Journal just figured this out. The Wall Street Journal has an editorial today and they are all upset because it immunizes the program's swelling millions of beneficiaries from cuts and cost sharing. Instead, any purported Medicare slashing from the across the board $1.2 trillion in cuts if the vaunted super committee deadlocks, which it will, will be born again by providers. Remember I told you this yesterday, Snerdley. A lot of people overlooked this.

People just automatically assume Medicare cuts equals Medicare cuts to recipients. No, it's Medicare cuts to providers who are already facing reimbursements that barely make it worth staying in business. Now, remember this. 'Cause I have to point this out. The Wall Street Journal last week was cheering this deal. The Wall Street Journal last week was cheering this debt deal, and they were attacking conservatives like me and others, we were being called hobbits by the Wall Street Journal for opposing it.

So now all of a sudden the Wall Street Journal has an editorial, "Oh, no, oh, no, the Medicare cuts are to providers?" I.e., the people that read the Wall Street Journal. It's a minor little thing but here you have the Wall Street Journal, they're part of the inside the Beltway conservative intelligentsia, and they're pushing this deal and they're pushing it and they're calling people that oppose it hobbits and so forth, and now today they've got an editorial, "Well, wait a minute," raising red flags about the very deal they were supporting. When all this hypocrisy rears its head, I, El Rushbo, love being the one to point it out.

BREAK TRANSCRIPT

RUSH: USA Today: "The hard-won, last-minute agreement to raise the debt ceiling and cut the deficit gets low ratings from Americans, who by more than 2-1 predict it will make the nation's fragile economy worse rather than better." Headline: "Thumbs Down on the Debt Ceiling Deal." "The dyspeptic view may reflect less an assessment of the plan's particulars than dismay at the edge-of-the-cliff negotiations to reach it." That's BS. We are smarter than that. We're not upset at "the edge-of-the-cliff negotiations." We're upset at the substance. The American people are upset at the substance of this, and that's what this poll proves.

"In a USA Today/Gallup Poll taken hours after the Senate passed and President Obama signed the deal, 46% disapprove of the agreement; 39% approve. Only one in five see it as a step forward in addressing the federal debt. The dyspeptic view may reflect less an assessment of the plan's particulars than dismay at the edge-of-a-cliff negotiations to reach it. 'Most people assume that whatever came out of this horrible process was pretty crappy,' says Joseph White, a political scientist at Case Western Reserve University in Cleveland who studies budget policy. The sour reaction underscores why negotiations were so difficult, says Stan Collender, a former staffer on the House and Senate budget committees..."

No. The sour reaction underscores how much people disapproved of the substance of this. It is really, really interesting, folks, that our representatives represent us so poorly. We really have come down now to the basic "taxation without representation." You look at it. Poll after poll, election after election shows that we are not being well served by our elected ones. Every poll shows that the majority of the American people disapprove of the policies of either the administration or what's coming out of Congress. They are governing against the will of the people, and every poll shows it. We are the majority! We've made a decision on the type of government we want.

The problem is, our politicians are ignoring it and giving us the kind of government they want -- and I'm including some in the Republican Party in this, too. This is not just aimed at the Democrats. "The poll finds some paradoxes. •Though Tea Party conservatives succeeded in setting the parameters of the deal, supporters of the Tea Party are among those most unhappy with the outcome: 22% of Tea Party supporters approve of the agreement, compared with 26% of Republicans and 58% of Democrats. •Though Obama and congressional Democrats failed in their efforts to include higher taxes on the wealthy in the plan, Democrats were among those who rate it most highly.

"Two-thirds of moderate Democrats and six in 10 liberal Democrats approve of the deal. None of the policymakers involved gets high ratings for their role, although Obama's standing is the least bad: 41% approve, 49% disapprove," and that's the best -- and that's only 'cause he had nothing to do with it. That's only because Obama never announced a plan. If Obama had announced what he really wanted here, his polls would be in the tank on this as well as everybody else's. "Thumbs Down on the Debt Ceiling Deal." USA Today/Gallup. The vast majority American people disapprove, wanted no part of it.

END TRANSCRIPT


TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: debtceiling; debtdeal; healthinsurance; obamacare; politico; rush; rushlimbaugh

1 posted on 08/04/2011 3:16:35 PM PDT by Evil Slayer
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To: Evil Slayer

2 posted on 08/04/2011 3:28:14 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: Evil Slayer
Obama's credit account limit went up... ...my 401K went down. ======================================================

"The Kenyan Kalamity's 2012 National PoorMouth Bus Tour" tickets now available...

3 posted on 08/04/2011 3:44:57 PM PDT by moovova
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To: Evil Slayer

Has me wondering if this wasn’t the goal all along and the debt ceiling, the crisis needed to accomphish the thing.


4 posted on 08/04/2011 3:52:24 PM PDT by Errant
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