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Past
Kennedy tried to reform health care under Reagan. He failed and kicked the ball to Clinton. Clinton tried to pass health care and failed, he kicked the ball to Obama. Obama is now trying to pass health care. Historically, big failures are rewarded by years when people lick their wounds.
Near Future
That doesn't mean reconciliation won't be tried, but it does mean that the current bill won't be reconciled. They could start again after the Christmas break send out the reconciliatio bill to committee, run it through committee, and then have it ready in Christmas 2010. A reconciliation bill will be written by the same people who wrote this bill. Of course, next year is a midterm election. Democratic and Republican congressmen are going to want to take home some signature acomplishment to their constituents. Killing the Bill now is a huge win for Republicans. In safe Republican distrcits and states, killing the bill and stopping Obama will be a big draw in November of 2010. In stastes that lean one way or another, it will get the Conservative base out in big numbers. Democrats run on a big fat failure, and, historically, Democrats don't reward failure.
No health care bill will be passed in an election year. So they do it in the next congress in 2011, expect that history shows us that the Republicans will win some seats in Congress next year, and probably the Senate. It makes it harder to push a bill through, even with reconciliation. We still have Senators who would not vote for a reconciliaiton bill with Medicare expansion, single payer, or a public option. Cut the margine very much and we won't even get a majority of 51 votes. Reconciliaiton also requires that the bill be limited in time duration and not increase the deficite beyound the limit of the bill. It creates a whole system that it good for, at most, ten years and must be re approved. Bush's Tax cuts were done by reconciliaiton, and renewing them is no slam dunk, and damn near every elected person is reluctant to end those tax cuts due to a perceived backlash from voters.
I do not approve a temporary bill that lasts for 4, 8, or 10 years and must be re-approved. A failure to re-approve ends the program, and no one can predict who will be in the majority. And approving a reconciliaiton bill is still not a slam dunk.
A big ass whipping doesn't inspire Senators and Congressman to jump right back into the fray. In my opinion, if this bill fails, we won't see its like again soon. I hope I am wrong and look forward to eating as much crow as I can stomach.
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