Hard Working Traditional Values With A Dash of Fun

Hard Working Traditional Values With A Dash of Fun

Monday, April 13, 2015

Help Mike Lee Stop Fiscal Child Abuse

Mike Lee wants to stop fiscal child abuse and he could use your help.

The term fiscal child abuse was coined by liberal economist Laurence Kotlikoff, to describe the Washington practice of spending money now and running up debts to be paid for by future generations.

Back in 1997, before Balance Budgeting Republican was an oxymoron, Newt Gingrich's congress passed a law to control the increase of Medicare costs. For the past 18 years, congress has regularly passed a "doc fix" bill to increase the rates paid to doctor. The original 1997 law helped keep health care cost inflation in check, but the "doc fix" restored these payments to the health care industry. To restore the payments to the doctors, Congress has had to cut spending elsewhere.

Now a new fix to "doc fix," recently passed by the House with Republican and Democrat support, is going to pay for two-thirds of the cost ($141 billion) by adding it to the debt. Mike Lee thinks this is a bad idea. He wants to pay for this by cutting spending elsewhere. When the bill comes to the Senate this week he is going to propose an amendment to require the $141 billion to be paid by spending cuts elsewhere, instead of another act of fiscal child abuse to add to the $18 trillion already dumped on our children and grandchildren.

Please contact your U.S. senators and ask them to support Mike Lee's amendment to the "doc fix" bill.

Mike Lee gives the details of his idea in this editorial.

If you liked this post and what to encourage other readers, be sure to share it by selecting one of the share buttons below.

If you would like to get a notice of future posts, choose the Follow option at the bottom of this blog.  

No comments:

Post a Comment