The Market Ticker
Rss Icon RSS available
Fact: There is no immunity or protection against The Law of Scoreboards.
Did you know: What the media does NOT want you to read is at
You are not signed on; if you are a visitor please register for a free account!
The Market Ticker Single Post Display (Show in context)
Top Login FAQ Register Clear Cookie
User Info Get Your Mouth Off His Schwantz; entered at 2019-07-27 10:50:57
Posts: 738
Registered: 2019-03-09
Tickerguy wrote..
2. Congress changes the law so as to permit CMS to run without backing, that is, the entirety of their operating deficit shows up on the federal budget as a fiscal deficit. ... #2 will roughly double the federal deficit on an essentially immediate and permanent forward basis.

What part of CMS isn't shown on the budget? I can see that the 2018 MTS reported $1466.2b for Centers for Medicare and Medicaid Services while the budget only reported $971b for Medicare+Medicaid (582+389), but the total outlays and revenues are the same on both documents, so the missing amount must be in there somewhere, right? I understand the deficit will double within a few years, but what's the immediate effect you're talking about? Surely they wouldn't stop collecting the tax just because CMS was officially running unbacked - they'd continue collecting at least the same amount one way or another.
2019-07-27 10:50:57