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|User Info||Get Your Mouth Off His Schwantz; entered at 2019-07-27 10:50:57|
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.