Friday, September 4, 2009
Reform Rx - Pulling the Trigger for No Bang?
Some excellent points about the political realities of Senator Snowe's misguided trigger option.
Beware of unintended (or perhaps intentional) consequences! The trigger may serve as the means to delay an effective public option just long enough so that a future Republican insurance industry financed Congress can dismantle reforms in the name of deregulation so that “markets can work”. The trigger option has no bang but will still kill you.
Senator Snowe apparently has a liking for triggers. In 2001 as a member of the Finance Committee, she advocated to have a trigger for the Bush tax cuts should the surpluses fall short of projections. The Republican leadership opposed that idea because it understood that the trigger would weaken its core immediate goal of enacting substantial tax cuts and create an open ended potential for the Bush tax cuts to remain a political issue. We’ve seen this movie before!