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Congressional Dish

CD110: Government Funding Crisis of 2015

Congressional Dish

Jennifer Briney

News, Government, Politics

4.61.1K Ratings

🗓️ 6 December 2015

⏱️ 75 minutes

🧾️ Download transcript

Summary

Government shutdown ahead! On December 11th, the government is scheduled to run out of money. In this episode, hear the story of how we ended up on the brink of a shutdown (again) and what you can expect in the next few weeks (hint: A huge must-sign bill that includes lots of corporate favors). We also take a look at the Bipartisan Budget Act of 2015, signed into law in November, which raised the debt ceiling and set the overall budget amount for the giant government funding bill to come. Please support Congressional Dish: Click here to contribute with PayPal or Bitcoin; click the PayPal "Make it Monthly" checkbox to create a monthly subscription Click here to support Congressional Dish for each episode via Patreon Mail Contributions to: 5753 Hwy 85 North #4576 Crestview, FL 32536 Thank you for supporting truly independent media! Bipartisan Budget Act Outline H.R. 1314: The Bipartisan Budget Act of 2015 Budget Enforcement Cancelled the sequester for 2016 and 2017 Spending levels 2016: $548 billion for security, $518 billion for non-security 2017: $551 billion for security, $518 billion for non-security War spending levels ("Overseas Contingency Operations") 2016 & 2017 $59 billion for "National Defense" $15 billion for "International Affairs" Agriculture Caps the rate of return for private insurance providers at 8.9% of the premium through 2026. For context, please listen to CD062: The Farm Bill Commerce Allows robo-calls to cell phones for collecting US government debts Strategic Petroleum Reserve Orders the sale of oil from the Strategic Petroleum Reserve. 5 million barrels a year through 2022 8 million barrels in 2022 10 million barrels a year from 2023 through 2025 Pensions Increases pension fund premiums that employers must pay starting in 2017. Health Care Reduces 2016 premiums for Medicare Part B by adding a $3 surcharge for future years. Charges drug manufacturers a rebate if they increase their prices for generic drugs more than the rate of inflation. Starting on January 1, 2017, Medicare will pay the same rate for services provided in a hospital and services provided outside the hospital. Facilities that were billing as hosptitals before the enactment of this law are exempt. Repeals the automatic enrollment of employees in employer provided health insurance plans. Judicial Increases penalties for health care providers accused of fraud in the Medicare and Medicaid system. Permanently cancels $1.5 billion in the Crime Victims Fund Eliminated $746 million in civil forfeiture money from the Justice Department piggy bank. Social Security Expands "disability investigation units" with partner with local law enforcement to ensure they exist in all 50 states and all territories. Increases penalties for social security fraud Eliminates the "file and suspend" option for social security benefits Temporary extension of public debt limit Suspends the debt ceiling until March 16, 2017. Spectrum Pipeline Creates a plan for auctioning federal wireless spectrum to telecommunications corporations by January 2022. Revenue provisions related to tax compliance Changes the IRS audit rules for large corporations, hedge funds, and private equity funds. Audio Sources Hearing: Rules Committee Hearing Senate amendment to H.R. 1314, House Rules Committee, October 27, 2015. Additional Reading Article: Congress avoids government shutdown by Ted Barrett and Deirdre Walsh, CNN, September 30, 2015. Article: Budget Pact Raids Victims Fund by Devlin Barrett, The Wall Street Journal, November 1, 2016. Article: Federal budget clears crop insurance hurdle by Wes Wolfe, The Free Press, November 3, 2015. Article: Bipartisan Budget Act of 2015 changes audit rules for private equity and hedge funds by Karl Fryzel and Michael Conroy, Lock Lord LLP, November 3, 2015. Article: Budget Deal Gives Debt Collectors Authority to 'Robocall' Cellphones by John Schoen, CNBC, November 5, 2015. Article: Budget deal raises stakes for false claims, civil monetary penalties by Lisa Schencker, Modern Healthcare, November 9, 2015. Article: Social Security, Medicare changes are coming with new budget law by Robert Powell, USA Today, November 28, 2015. Article: Pelosi spurns Ryan's opening bid, mulls counteroffer by Jake Sherman and John Bresnahan, Politico, December 2, 2015. Sources Report: Estimate of the Budgetary Effects of H.R. 1314, the Bipartisan Budget Act of 2015, Congressional Budget Office, October 28, 2015. Report: How the Bipartisan Budget Act of 2015 Changes Social Security Claiming Strategies Social Security Solutions, November 5, 2015. Report: What's in Store for Medicare's Part B Premiums and Deductible in 2016, and Why? by Juliette Cubanski and Tricia Neuman, The Henry J. Kaiser Family Foundation, November 11, 2015. Newsletter: Congress Takes Step Toward Site-Neutral Medicare Payments in Bipartisan Budget Act of 2015, McDermott, Will & Emery, October 29, 2105. Webpage: Budget Functions Webpage: American Crossroads/Crossroads GPS by Zachary Paiker, FactCheck,org, February 7, 2014. Webpage: Priorties USA/Priorties USA Action by Rachel Finkel, FactCheck.org, March 3, 2014. Webpage: Telecom Services & Equipment: Long-Term Contribution Trends, Opensecrets.org Jen's Podcast Appearance Lions of Liberty Podcast: December 7, 2015 episode Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio) Cover Art Design by Only Child Imaginations

Transcript

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0:00.0

I am so damn tired of being like to

0:08.7

I don't think I can't deny it anymore.

0:15.0

You can't stick to your story if you think it flies but I'm not going to buy it anymore.

0:31.0

Hey there friends, welcome to the 110th episode of Congressional dish. I'm your

0:34.5

host Jennifer Briny. So this week we need to talk about the budget because big

0:39.5

things are going down and you should probably know the back story so you can watch the news

0:43.7

from an informed perspective over the next few weeks. This episode is being

0:47.8

released on Sunday, December 4th and on this Friday, December 11th the

0:51.5

government is going to run out of money again.

0:54.0

Yes, that's right, it's another shutdown showdown brought to you by the 114th Congress.

0:59.0

This week I'm going to tell you the story of how we got to the brink of another government shutdown, and I'm going to give you the details of the bipartisan budget agreement that was signed into law last month in November.

1:09.0

The Bipartisan Budget Act was, for reasons that will become clear, believed by many to be a bill that prevented the government shutdown.

1:17.0

So I know there's confusion out there, and we're going to clear all that up.

1:20.0

We're also going to dive into the details of the bipartisan budget agreement because

1:23.9

surprise surprise there were dingleberries. God forbid an important bill

1:28.4

become a law without dingleberries. And I'm going to explain why the worst

1:32.7

dingleberries are probably yet to come, so prepare yourselves.

1:36.0

Congress is about to piss you off again.

1:38.3

I can almost guarantee it.

1:41.0

Also, at the end of this episode, I'm going to address some of the feedback I've received

1:44.7

from the last episode about the GMO Labeling Bill which was the interview with

1:48.2

Kara Santa Maria and then I'll also share some news about the business side of

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