US House Votes 235-193 To Approve Fiscal 2012 Budget

[sinkingfeeling]

Source: nasdaq.com


WASHINGTON -(Dow Jones)- House Lawmakers on Friday approved a budget for fiscal 2012 that would reduce federal spending by $5.8 trillion over the next decade, largely by overhauling the Medicare and Medicaid programs, while seeking to repeal last year's sweeping health-care law.

The House voted 235-193 nearly strictly along party lines to approve the spending framework. Four Republican lawmakers voted against their party in opposition to the measure.

The Republican budget will not be taken up the Democratic-controlled Senate, and has been rejected by the Obama White House as too draconian. At the same time, Senate Democrats have yet to offer up their own budget, and there has been no indication of when they might do so.

The budget would shift Medicare, which provides health care to seniors, to a voucher-style program where from 2022, beneficiaries will be required to shop around for care, at a significant cost savings.



Read more: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201104151440dowjonesdjonline000479&title=us-house-votes-235-193-to-approve-fiscal-2012-budget

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Of course, it includes the changing of Medicare to vouchers and repeal of the Health Care Reform bill of last year.


Edited to add a space

[Adsos Letter]

1. Does this mean that the House passed it but the Senate will

table it (or however it is they avoid acting on it?) Does it mean President Obama would veto it if placed before him?

EDIT: spelling... :dunce:

[Tx4obama]

6. Yes, that is what it means. n/t

[freshwest]

13. If so, will it have to be done again, or will the government run as before?

Obama said NO way he is going to let them mess with AFC, SS, etc.

[Tx4obama]

14. The GOP house bill today was just for 'show' - to please their GOP base

That bill that the House passed today for 2012 will die in the Senate and basically be tossed in the trash.

It will be months before the 'democrats and republicans' come up with a budget agreement that will get passed by both the senate and the house for 2012.

p.s. The government 'now' will be running on the 2011 budget that Obama signed today - that one doesn't expire until the end of September.

[freshwest]

15. Thanks, so many conflicting reports. Is the Debt Ceiling issue coming up again in September?

[Tx4obama]

16. Some say in May, others say early July

Geithner warns U.S. to hit debt ceiling by May 16
http://www.reuters.com/article/2011/04/04/us-usa-budget-debt-idUSTRE7335BY20110404

July, not May, is deadline for debt limit: Cantor
http://www.reuters.com/article/2011/04/13/us-usa-budget-cantor-idUSTRE73B6K620110413

[freshwest]

17. What, it doesn't last a year?

[Tx4obama]

18. I believe the last time the debt ceiling was raised was February 12, 2010

See the list here: http://en.wikipedia.org/wiki/United_States_public_debt#Debt_ceiling

where it says - Table of historical debt ceiling levels

[freshwest]

19. So the last one should have gone through 2012. I don't remember all this drama last time. Thanks...

[Tx4obama]

20. No,

There is no 'time line' on when it is raised.
It is raised 'if/when' we start to reach the limit.

We will be reaching the ceiling in May/June of this year that is why they will be voting on raising it.

If our debt had dropped (which it did not) then there wouldn't be a need to vote to raise the ceiling and the current one would never expire - only if the debt were to reach the ceiling sometime in the future then there would be a need for a vote to raise it.

Does that make sense?

Edited to add: Our national debt ceiling = the maximum amount that our government can 'borrow'
http://financial-dictionary.thefreedictionary.com/Debt+ceiling

[Amerigo Vespucci]

2. Ryan budget plan passes House; only 4 GOP reps vote no

Source: MSNBC

The House has passed a FY2012 budget plan that would cut trillions from the federal deficit over the next decade and fundamentally transform the current Medicare system.

The vote in favor of the budget proposed by Rep. Paul Ryan, R-Wisc., could prove politically perilous for some Republicans, who are likely to be painted by political opponents as insensitive to older voters who favor the current Medicare system.

But ultimately, only four Republicans voted against the measure, which includes a proposal to gradually transition the current Medicare system into a government-funded voucher program for seniors to purchase private health insurance.

All Democrats opposed the Republican budget.

Read more: http://firstread.msnbc.msn.com/_news/2011/04/15/6478024-ryan-budget-plan-passes-house-only-4-gop-reps-vote-no

[Kingofalldems]

3. Now they are out in the open

[EvilMonsanto]

4. Must be because of all the sudden media attention

Did this even deserve that much media attention?
They were obvioulsy pushing it

Put them Yays on the wall of shame
4 Repubs with ethics, link isn't working, who were they?

[Tx4obama]

5. It's all for show. The Senate wil NOT pass it and the President will NOT sign it.

I don't like the fact that the Republicans are wasting time on this type of shit just to get headlines and to play to the nutty republican teapartyers.

[fascisthunter]

8. he better not if he wants to be re-elected

[savalez]

9. Ha! This will not even get to the Senate floor.

These kooky Boehner bills do nothing but pander to the right and waste time.

[Tx4obama]

7. I haven't figured out what the republican strategy is....

After all the hollering the republican teapartyers did all last year about 'hands off my medicare' - why are the House republicans attacking medicare?
Are they trying to annihilate the teabaggers? Trying to make them turn on the GOP and go away?

It is very strange!

[savalez]

10. Either that or it proves that the teaparty rallies were fake.

[Tx4obama]

11. Oops! I meant to type 'alienate' not 'annihilate' - but both would work I guess. LOL n/t

[freshwest]

12. Or did the baggers mean, 'hands off' their private insurance (Medicare supplements)?

It seems they'd be thrilled to have it all go 'private' like this, if the evil socialist Medicare plan is what they really objected to. The fact it'll be paid with taxes and their own money eludes them.