Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number included.
- House Republicans File Obamacare Lawsuit (Igor Bobic, Huffington Post) Republicans in the U.S. House of Representatives have filed a law suit accusing President Obama of “acting without congressional authority” when he ordered a delay in implementation of the employer mandate under PPACA (Patient Protection and Affordable Care Act of 2010, aka Obamacare).
The suit also alleges the “giveaway of $175 billion to insurance companies” by the administration under the law is illegal because “the funds weren’t explicitly appropriated by Congress“. House Speaker John Boehner (R, Ohio) made the following statement:
“Time after time, the president has chosen to ignore the will of the American people and re-write federal law on his own without a vote of Congress. That’s not the way our system of government was designed to work. If this president can get away with making his own laws, future presidents will have the ability to as well. The House has an obligation to stand up for the Constitution, and that is exactly why we are pursuing this course of action.”
The $175 billion for insurance companies is the estimate of payments to be made over the next decade to support insurance companies offering lower premium rates. Over the past year $3 billion has been spent in this way. According to the Boston Globe, ACA established the fund, but the Republican Congress has not appropriated any money specifically for it.
- Rob Portman: Obama Will Face ‘Lawsuits’ If He Acts Alone On Immigration (Igor Bobic, Huffington Post) Sen. Rob Portman (R-Ohio) warned that Republicans would take legal recourse if President Obama goes forward with a planned executive action on immigration, a move the senator from Ohio described as “illegal.” House Speaker John Boehner (R, Ohio) told reporters that “all options are on the table“, even if that means triggering a shutdown. However, incoming Senate Majority Leader Mitch McConnell (R-Kentucky), pledged a government shutdown would not happen. Republicans are feeling their oats following their party’s resounding victory in the November midterm elections. Bobic writes they are “clamoring for a fight“.
- Obama’s Immigration Action Shows the Limits of Executive Power (Edward Alden, Council on Foreign Relations) Alden says the president has not really done much. The people covered by his order had “extremely small” probability of deportation to begin with and the order is temporary. There is nothing in the order that moves the covered people any closer to permanent residency status or makes them eligible for any U.S. social programs like food stamps, welfare, Obamacare insurance policies, Medicare or Social Security benefits. Econintersect: However they do pay the payroll taxes that support some of these programs. To change the status of these “visitors” in any permanent way requires congressional action.
- Obama sabotaged immigration reform efforts: GOP (Matthew J. Belvedere, CNBC) Here is a video which presents two partisan positions on immigration reform and the president’s executive order:
- Two other articles that should not be missed: Both the economics and politics of the president’s immigration action make sense (The Washington Post) and White House Touts Economic Impact of Immigration Plan (The Wall Street Journal).
- Articles about events, conflicts and disease around the world
U.S. Policy to Counter Nigeria’s Boko Haram (Council on Foreign Relations)
UN-backed reconstruction efforts set to kick-off in Gaza next week (UN News Centre)
Israel says rockets test-fired from Gaza (Al Jazeera)
Israeli forces shoot, injure Palestinian on Gaza border (Ma’an News Agency)
ISIL launches fierce assault on Iraq’s Ramadi (Al Jazeera)
U.S. Delivers Radar Systems to Ukraine (U.S. Department of Defense)
There are 14 articles discussed today ‘behind the wall’.
Do not miss “Other Economics and Business Items of Note”, the final section every day.
Please support all that we do at Global Economic Intersection with a subscription to our premium content ‘behind the wall’.
There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.
You get a full year for only $25.
The rest of the post is for our premium content subscribers – Click here to continue reading. If you have forgotten your login or password – send an email to info at econintersect.com.