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Val123's avatar

What's your take on this?

Asked by Val123 (12739points) January 13th, 2010

From the health insurance bill that passed the House:

”(3) NO BAILOUTS- In no case shall the public health insurance option receive any Federal funds for purposes of insolvency in any manner similar to the manner in which entities receive Federal funding under the Troubled Assets Relief Program of the Secretary of the Treasury.”

http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.3962:

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5 Answers

Snarp's avatar

Stupid, knee-jerk, pandering, and pretty much useless. When you pass the bailout legislation, you just include a line to repeal that section of law, it’s not like it’s in the constitution. Congress has every right to change its own laws at will.

Lightlyseared's avatar

It means if it doesn’t work, it doesn’t work. If the program can’t fund itself according to the statutes in the rest of the bill it will fail (unlike the banking system, for example
).

Val123's avatar

@Lightlyseared And the car industry.
So they better keep their act together!

Cruiser's avatar

It means we will say anything to get this thing passed and modify the hell out of it later as we see fit.

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