The Opera Begins: House Starts Debate On Healthcare Repeal Today
by Tyler Durden
Behold your Wall Street marionettes at work: instead of focusing on what is actually important for the survival of the middle class, what has a chance of actually reducing the now $14+ trillion in debt, and has a chance of actually passing, the Congressional pissing match is back, and while guaranteed to have absolutely no impact, will result in a lot of sound and fury signifying not only nothing, but just what a posse of jokers represent this country’s wealthiest social strata, if nobody else. Because who cares that, as Ron Paul made all too clear, America is now beyond bankrupt: let’s spend a few weeks debating a moot point, all the while Rome burns, the violins on the Titanic deck hit a crescendo, Wall Street accrues another record bonus year, and the politicos collect indulgences from their Fed subsidiary masters.
From the Associated Press:
The House opens a largely symbolic debate Friday on whether to repeal President Barack Obama’s landmark health care overhaul, the culmination of the first week with Republicans back in charge.
A procedural vote around midday will set the rules for formal debate and final action next Wednesday.
House Republicans want to repeal Obama’s plan to expand coverage to more than 30 million uninsured and start over again with a more modest, less costly approach. But Democratic leaders in the Senate say they’ll block repeal.
Both sides are preparing for a standoff. They’ll probably take the big issues in the health care debate back to the voters in 2012, when Obama is expected to run for re-election and the House and Senate are up for grabs again.