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What Defunding Means
As some of us have been saying, financial markets are way too complacent about the debt ceiling — which we’re going to hit in as little as five weeks. Everything Republican leaders are actually saying suggests that they intend to go full-on blackmail, holding America’s full faith and credit hostage to the sacred goal of crippling Obamacare before it gets going. Assumptions that they will in fact blink are entirely faith-based.
And this article about the plight of the near-old — those close to, but not yet at, the Medicare age — shows what it is the GOP is willing to fight for, indeed to endanger the stability of world financial markets:
THE sweeping federal health care law making its major public debut next month was meant for people like Juanita Stonebraker, 63, from Oakland, Md., who retired from her job in a hospital billing office a year and a half ago.
She was able to continue her health insurance coverage from the hospital for a time, but when she tried to find an individual policy on her own, none of the insurers she contacted would cover her because she was diabetic.
Yes: Republicans are willing to push the economy and the financial system to the edge of disaster in order to deny people like Ms. Stonebraker coverage. Awesome, isn’t it?