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Under
the terms of the deal, the 12-member joint select committee is supposed
to reduce the 10-year deficit another $1.5 trillion by November. If it
doesn't, or if Congress rejects or Mr. Obama vetoes the package,
spending would be cut by $1.2 trillion automatically, including 2%
across-the-board cuts to all Medicare providers. Benefit cuts and
cost-sharing for seniors are excluded. [full]
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Listening to Rush who just
discussed today's WSJ editorial. About how the WSJ, who
applauded the debt deal, just figured something out. If the select committee (dear God) deadlocks, and
they will on everything, Medicare cuts will come from providers.
Not recipients, providers. So, while Obamacare plops 40 million
new people onto Medicare, the only reductions will be levied against
those who are expected to treat them.
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