Friday, October 23, 2009

National Review

I read a blog article about the public health care option on the National Review website. One aspect of the bill is the overall costs. The article mentioned how the Congressional Budget Office (CBO) is giving estimates on how much the reform bill will cost. But Congress is using these estimates as actual costs. The CBO stated that it has no real firm grasps of the final costs and their estimates are just theoretical exercises, and the estimates are not definite. It’s important to realize how complex this bill has become, and nobody has a complete handle on the entire impact upon society and the national budget.

In the second paragraph is states, “Now, just three months later, House Democrats are saying that the bill they were in such a hurry to pass during the summer is old news and irrelevant. What matters now, they assert, is their “new and improved” version of reform, which they promise will be much better and easier to pass. Of course, they aren’t sufficiently confident in its virtues to open it up to public scrutiny just yet. No, they assert the bill will be different even though the legislative plan is clearly going to be just as it was in July. House Democrats are hoping to unveil their updated version of Obamacare as close as possible to a vote, probably in November, so that there is no time for public opposition to stop it.” It also mentions the cost will rise to $900 billion in the next two decade. Obama is still committed to the public option, people are confused if he has enough votes to pass the health care reform bill. Many are angry that it will destroy competition and is insufficient.

Friday, October 2, 2009

Student Loan Bill

The New York Times wrote an article about student loans. The House will vote on a bill; Student Aid and Fiscal Responsibility Act, H.R. 3221. It will end subsidies that banks and private lenders receive for student loans that are guaranteed by the federal government. The house will vote to simplify the system which would save billions of dollars in the next few years.

The article is aimed for the American taxpayer and citizens who get student loans. This bill the House will vote on will save taxpayer money and it will stop the banks and lenders from getting unnecessary subsidies.

The NY Times one of the most well respected newspapers in the country and it has nothing to gain by reporting their opinion on the passage of this bill. The argument is saving billions of dollars to federal government. It’s fiscally responsible to pass the bill.