The $1.9 trillion American Rescue Plan is a little bit like the saga of Biden's rescue dog. It seems that Major inflicted a "minor" injury on a White House lackey this week. Now, depending upon your point of view, both the bite and the bill are either boldly aggressive attacks portending future behavior, or they're nothing but ineffectual nibbles that don't even leave a mark.
Whatever the case may be, I think it's safe to assume that Joe "nothing would fundamentally change" Biden would never tolerate any broken skin in the game on his watch.
Meanwhile, "landmark" and "sweeping" are only two of the gushing, go-to words the corporate media are using to hype the legislation expected to passed handily in the lower House and landing on Biden's desk for a triumphant televised signing ceremony. Gone are all the terrible memories of Donald Trump's own stingy approval of a mere $1,800 in direct cash aid to the majority of Americans last year. Because just as the fairytale princess once spun straw into gold, the Biden administration has magically transformed those promised $2,000 checks into $1,400 checks right before our very gullible eyes. It's a page right out of the playbook of that sly old yarn-spinner himself, Bill Clinton. It was he who set the centrist stage for all manner of austerian bait and switch gimmicks when he folksily and patiently explained, over and over again, why people simply cannot have nice things. "It's arithmetic!"
Therefore, the title of the latest episode: "$1,400 Is the New $2,000."
In this best of all possible Panglossian worlds, the American Rescue Plan will cut child poverty almost in half! Therefore, if you're a very lucky kid, you will not be among those left drowned at the bottom of the half-full glass.
But the private insurance predators? They not only will float buoyantly to the top, they'll be riding a wave. The plan vastly increases their government subsidies to a veritable tsunami of sensible, arithmetic-based windfall profit. Rather than enact even temporary single payer universal health coverage during this terrible pandemic, our leaders have instead rationally decided to fork over billions of dollars to surfer sharks in suits, so they may go about their normal business of denying our claims while collecting their co-pays, premiums and deductibles for services rendered within very strictly proscribed networks in the health care marketplace.
So, if you're like the uninsured 64-year-old man who tested positive for Covid antibodies but negative on the molecular test, you are now personally on the hook for a $22,368 hospital bill and deemed ineligible for government reimbursement. And even if you're a Covid patient who passed all the tests but whose primary pre-existing condition was exacerbated by the virus, then you're out of luck too.
Gig workers, among other precarious people suffering through the economic effects of the pandemic, may or may not be helped by the American Rescue Plan, which will allow them to retain "skin in the game" by either shopping around for cheaper Obamacare product or getting a nice discount on their pricey employment-based Cobra plans. The New York Times reports that musicians and actors have lost their insurance coverage in droves over the past year, not only because they were out of work, but because predatory insurance companies raised their rates even as they reaped in record profits - courtesy of government subsidies which continued flowing in to their coffers unabated. Insurance companies justify raising the rates to "health care consumers" by pointing to the high costs of the pandemic to their investors.
The Rescue Plan will also bail out 185 multi-employer pension plans, thus saving the retirements of about a million people. It will not, however, extract this money from the private equity vultures who actually looted these pension plans in the first place.
In more rescue largesse in this best of all possible neoliberal worlds, student borrowers who have a portion of their debt forgiven will no longer be on the hook to the IRS for the phantom income derived from their erased debt. In other words, the tax man won't come after you for the wealth you derive from your negative bank account. It's the arithmetic, stupid!
But act now, because many if not most of the rescue plans contained in the Biden offer are set to expire in 2025, if not sooner. This artificial and rather cynical cut-off date gives Democrats the ability to fund-raise like mad during the election year of 2024 as they "fight for" you with every pragmatic fiber of their beings.
Better to die slowly, in increments, than be thrown right to the dogs by those nasty old Republicans.
Unless, of course, the dog is Major Biden, who is just the latest actor in the Twitterverse culture wars so carefully manufactured to distract us from all our petty cares and worries.
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| Bite Me |
