Thursday, October 30, 2014

McConnell Vows To Repeal Obamacare

++Remember how the GOP howled that the Democrats might use the technique of reconciliation to pass Obamacare and the Stimulus package/ The Democrats punked out but there was a precedent with the GOP passing tax cuts for the rich by reconciliation.

++Mitch McConnell vows to repeal Obamacare with 51 votes through reconciliation. Democrats are naive that such maneuvers can be blocked either by filibuster or veto. The GOP has already gamed this out.

++The effect of such a vote would be to devastate the healthcare industry,create spiraling costs and a ballon in health insurance premiums. For his home state of Kentucky,he would destroy Kynet,the widely popular and one of the most efficient health insurance exchanges in the country. An estimated 860,000 would be affected.

++As I've written before,Obamacare is the biggest debt killer in the policy arsenal. It is estimated that it will shave 5 trillion off the national debt by 2020.

++Another effect of a GOP Senate will be to block all Obama nominees--for judges and even the poor 54 ambassador waiting confirmation.

++Mitch McConnell let the cat out of the bag when asked whether he still supported the privatization of social security. "I don't tell my agenda until after the election." Well,now we are seeing it and pundits who wrote that the GOP wasn't running on the repeal of Obamacare missed the grand deception.

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