β€œThe pilfering of the #ReserveFunds is a grave disservice to the #FilipinoPeople who depend on #PhilHealth for financial risk protection from #illness and who are still heavily burdened by out-of-pocket #HealthExpenditure." said the group of petitioners led by Senator Aquilino #KokoPimentel III

#Philippines

Pimentel-led group seeks to block P89B transfer of Philhealth fund to #NationalBudget
https://www.rappler.com/philippines/koko-pimentel-led-group-seeks-block-transfer-philhealth-fund-national-budget/

Pimentel-led group seeks to block P89B transfer of Philhealth fund to national budget

Finance Secretary Ralph Recto defends the transfer and says his agency is just doing what the law empowers them to do

RAPPLER

#USHouse passes 45-day spending stopgap, sending bill to Senate to avert a #GovernmentShutdown. Credit goes where credit is due; #HouseSpeaker #KevinMcCarthy FINALLY stopped trying to pander to #FarRight fraction of the #Republicans & reached across the aisle to get #Democratic votes to pass the bill.

https://www.npr.org/2023/09/30/1202839419/house-and-senate-race-to-find-agreement-ahead-shutdown-deadline

Too bad we will be doing this all over again in 45 days.

#news #politics #McCarthy #FederalBudget #NationalBudget

Lawmakers in #Congress have less than 2 days to pass a #FederalBudget & avoid a #GovernmentShutdown.

I wrote an essay on how House Speaker #KevinMcCarthy & Pres #JoeBiden ALREADY MADE a deal on spending, #McCarthy ALREADY backed out of that agreement, McCarthy is playing to the #FarRight #Republicans that want cuts to #SocialServices, & what would a shutdown mean to the US:
https://www.facebook.com/thedavid.mfano/posts/pfbid029bt5kpAv5jGrGCDME9EKJri4MeQ8ucsQAyxZBCcPvZYshMzqc9wHEYYhjxyJMkXAl

#News #politics #NationalBudget #economics

Social Security Benefits Targeted for Cuts by House Conservatives

House conservatives on Wednesday proposed raising the US retirement age to collect Social Security, handing Democrats damaging political ammunition ahead of the 2024 election.

Bloomberg

I had someone ask me about what the β€œ#DebtCeiling" is. I wrote a short essay on the what the debt ceiling is and its history, what would happen if we went #default, what House Speaker #KevinMcCarthy is demanding, and possible /real/ solutions.

Posted to FB because of 500-char limit here. https://www.facebook.com/thedavid.mfano/posts/pfbid0tSfMYydysCRRLCBWfrUJVCArAYzrbnNGJq5LccobncTVkuqHWd1hsmkg8NvMwKbyl

#news #politics #economy #economics #NationalDebt #NationalBudget #FederalBudget

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#Fed giving interest money they earn to #treasury is falling from 15B to 1B. Corporate tax payment lower by 6% while working stiff tax payments up by 4%. #nationalbudget
Raise corporate taxes. Audit every real estate magnate. Simple fix to #budgetdeficit