Friday, October 30, 2009

No bailouts for the public option

Lambert draws our attention to this nugget buried within the House health care bill:
1(3) NO BAILOUTS.—In no case shall the public health insurance option receive any Federal funds for purposes of insolvency in any manner similar to the manner in which entities receive Federal funding under the Troubled Assets Relief Program of the Secretary of the Treasury.
Big banks are holy. They deserve bailouts. A public health system for the less-affluent and the self-employed does not.

This bit was added to forestall complaints like this one from Joe Lieberman. Of course, nothing will stop Joltin' Joe from making such accusations anyways.

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