'The GOP proposal would gut Medicaid and food stamp eligibility for millions of Americans,' writes columnist hiltzikm. 'It would turn the clock back on efforts to wean the U.S. from fossil fuels and prepare for the next inevitable pandemic.'
The debt ceiling, being wielded by the ignorant children of the House GOP, is the stupidest feature of federal fiscal policy.
Now to the particulars. In general terms, the act rolls back nondefense spending to the level of fiscal 2022 and allows it to grow by no more than 1% a year. That’s not a “limit,” but a formula for increasingly draconian cuts in nondefense programs, because the annual increases won’t accommodate inflation or population growth.
that 95% of borrowers eligible for debt relief have incomes of $125,000 or less and two-thirds were recipients of federal Pell Grants, which go to low-income students. Some of the money would indeed pay for better pursuit of tax cheats. McCarthy’s proposal to repeal the budget increase even led the Committee for a Responsible Federal Budget toIt estimated that the repeal would worsen the federal deficit by $100 billion over a decade.
The record shows that these requirements are disastrous for beneficiaries, which may be the goal, since their underlying motivation is punitive. They became especially popular under Trump, whose Health and Human Services Department gleefully approved work requirements for Medicaid despite clear evidence that they were illegal.After decades of increasing longevity, Americans are facing shorter life spans than their predecessors and their rich-country peers.
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