Sunday, November 20, 2011

Deficit committee heads for less-than-super endgame

I liked that title from the Bellingham Herald in the state of Washington.

Trying to restructure Medicare, Medicaid and Social Security is a completely different legislative matter.  Quite frankly these entitlements are not up for grabs.  What needs to occur here is regulation of 'Health Care Costs.' 

These entitlements have been the bedrock of the USA economy for decades.  When all else fails there is a steady economic dynamic existing due to these entitlement programs.  There is a lot more at stake there than what Republicans like to call 'social welfare programs.'  When these programs are tampered with the economy is tampered with.
I believe when the State Exchanges are established there will be greater concentration on health care costs, fraud and waste.  Right now a federal gtovernment can't tackle the problem while the House is tampering with budgets.  The last place that cuts should be made in any federal authority is in the area of compliance and investigation.  If there aren't people to do take the responsiblity seriously and bring abuses under scrutiny and control the citizens suffer.  With the continually escalating costs of the health care industry there needs to be oversight and monitoring.  I have yet to hear sincere dialogue as to the cause of this strange cost increase in short time spans.  Where is the industry justifying its additional costs to pass on to consumers?  Wages?  Not likely.  The USA competes internationally for nurses.  Those wage issues have been consistent for a long time.  So, what's the problem already?  It has the appearence of being really unreasonable and untrustworthy of the industry.

But, that is off topic, except, it was wrong for Republicans to even consider entitlements as a part of a deficit reduction package.


- Congressional leaders are negotiating an endgame for the "super committee" that could come as soon as Monday as Democrats and Republicans blame each other for what appears to be the panel's failure to come up with a $1.5 trillion deficit-reduction plan.
Despite a flurry of last-minute proposals and closed meetings, it appeared increasingly unlikely that members of the bipartisan committee could compromise on the contentious issues of taxes and entitlement spending that have deadlocked the talks....

I don't believe this is irresponsible.  It is just the NEXT impass in a frequent reoccurrances of them sincer 2010 elections.  The GOP won't allow revenue increases that matter.  They just won't.  They expect the citizens of this country to accept any token revenue offer as a monumental move on their part.  NOT.  Raising revenues that include tax increases is only a monumental problem for the GOP, not the majority of Americans.

From where I sit there were heroic strides attempted and rejected.  The reduction will occur as it was legislated.  The nation knows what is going on.  The entitlements could not be cut in a meaningful way that would add up to 1.2 trillion.  It is ridiculous.  There is reassurance for many Americans knowing the legislative cuts will not effect their limited incomes.  Rightfully so.  There are members of the SuperCommittee that should be having no regrets. 
  • As one of the largest industries in 2008, (click here) healthcare provided 14.3 million jobs for wage and salary workers.
  • Ten of the 20 fastest growing occupations are healthcare related.
  • Healthcare will generate 3.2 million new wage and salary jobs between 2008 and 2018, more than any other industry, largely in response to rapid growth in the elderly population.
  • Most workers have jobs that require less than 4 years of college education, but health diagnosing and treating practitioners are highly educated.