Monday, May 16, 2011
RSC Update: Medicare Report Intensifies Need for Reform
From the Chairman
Medicare is running out of money even faster than expected. According to the latest report from its trustees, Medicare’s trust fund will run out in 2024 – five years faster than predicted just last year. The trustees also call the projected savings from ObamaCare “very uncertain” (an understatement, frankly), which means insolvency will come even sooner. When the trust fund runs out, Medicare will be forced to cut benefits.
Treasury Secretary Tim Geithner himself admitted, "if we do not do more to contain health care costs, our commitments will become unsustainable." Reforms in the House Republican 2012 budget would save this Medicare without changing a thing for Americans 55 and older. Younger Americans, for whom the current system is already a pipe dream according to the trustees’ report, would enter into a solvent premium support system similar to the health insurance available to members of Congress and other federal employees. Sadly, Democrats would rather run a "MediScare" campaign than solve the problem.
As Budget Committee Chairman Paul Ryan says in today’s Chicago Tribune, this isn’t the debate you deserve.
Congressman Jim Jordan
Chairman, Republican Study Committee
RSC Media Activity – RSC members work hard to ensure that the conservative viewpoint is well-represented in all corners of the media. Visit our Media Center for more.
· Rep. Buck McKeon (CA-25): Time to Increase U.S. Energy Production; The Flash Report, May 8.
· Rep. John Kline (MN-02): Dedicated Minnesotans Deserve Energy Stability; The Star Tribune, May 11.
· Rep. Rob Bishop (UT-01): 14 Trillion Reasons for a Repeal Amendment; The Daily Caller, May 11.
· Rep. Darrell Issa (CA-49): Politicizing Procurement; The Hill, May 12.
· Rep. Paul Ryan (WI-01): The Budget Debate We All Deserve; The Chicago Tribune, May 16.
RSC Member Activity – RSC members make it a priority to introduce productive, conservative solutions for America’s future.
· Reps. Jack Kingston (GA-01), Jim Jordan (OH-04), Jeff Flake (AZ-06), and Tom Graves (GA-09) introduced legislation to limit total federal spending at 18% of gross domestic product, bringing it in line with historical revenues and paying down the national debt.
· Rep. Rob Bishop (UT-01) introduced a Constitutional Amendment to Restore Balance of Power Between the Federal Government and the States.
· Rep. Ben Quayle (AZ-13) introduced H.R. 1922, which would allow U.S. Customs and Border Protection agents to have unrestricted access to federal lands in the southwestern borderlands region.
House Floor Activity – The following key legislation came through the House of Representatives recently.
· On Wednesday, the House passed H.R. 1229, the Putting the Gulf of Mexico Back to Work Act, which would establish statutory deadlines on the Department of the Interior to approve permits to dill for oil and natural gas in the Gulf of Mexico.
· On Thursday, the House passed H.R. 1231, the Reversing President Obama’s Offshore Moratorium Act, which would require the Department of the Interior (DOI) to proceed with auction leases devised under the 2012-2017 leasing periods, for the development of oil and gas resources in the most geologically productive areas of the Outer Continental Shelf (OCS).
· On Friday, the House passed H.R. 754, the Intelligence Authorization Act for Fiscal Year 2011, which would provide Congress with the oversight authority it needs to supervise the $80 billion a year we spend on the intelligence community.
Outlook – A quick look at what’s on the horizon.
· The House is not in session this week.
· RSC Policy Brief: The National Debt and the Debt Limit
· Each week the House is in session, the RSC Budget and Spending Taskforce compiles a weekly report on the latest budget and spending news. Additionally, the RSC Money Monitor tracks how bills passed by the House affect authorizations, mandatory spending, and federal government revenue.
House Republican Study Committee
Rep. Jim Jordan, Chairman
Paul Teller, Executive Director
Brad Watson, Policy Director
Bruce “Fez” Miller, Professional Policy Staff
Joe Murray, Professional Policy Staff
Curtis Rhyne, Professional Policy Staff
Ja’Ron Smith, Professional Policy Staff
Wesley Goodman, Director of Conservative Coalitions and State Outreach
Yong Choe, Director of Business Outreach and Member Services
Brian Straessle, Communications Director
Ben Miller, Deputy Communications Director
Cyrus Artz, Research Assistant