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Archive for the ‘Finances’ Category

Congress in Session

Today or tomorrow, the U.S. House of Representatives will pass a bill that repeals the Healthcare Reform Act that was signed into law last year.  That, of course, is the law that has generated so much controversy in this country.  I personally support this much needed law.

If you also support this law, don’t worry at all when you hear that the House has repealed it.  It’s all a big show.

The Republican Party campaigned in 2010 promising to repeal the law.  And they will take this first step.  But that’s as far as it will go.  The next step would be for the repeal to be considered by the U.S. Senate and the Democratic Party still runs things over there.  But, let’s think worst case scenario.  Let’s say that the Senate also repeals the law.    In that case, the next step is the repeal legislation would go to the President and guess what he will do?   He’ll veto the bill.

When a bill is vetoed, it goes back to the House and the Senate.  Both of those bodies can override what the President did but they have to get two-thirds of their body to vote for repeal.  And the Republicans don’t have those numbers.

So, you can watch what is going on with interest if you’ve got nothing to do.   The Republicans are just doing this so they can go back to their constituents and tell them that they “fought” to repeal that “horrible law.”

But, relax folks.  It’s all part of the show.

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