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#bankrupt

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Sen #RonJohnson (R-WI) said he was “disappointed” that the #Trump admin was not considering exclusions to the global #tariffs, & lamented the potential impact on #SmallBusinesses in his state that rely on #trade with a number of foreign companies. “Tariffs are a double edged sword,” Johnson told the trade rep Jamieson Greer, during his hearing before the #Senate #Finance Cmte. Johnson added, “I hope you & the president are sensitive to companies potentially going #bankrupt by these actions.”

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@feisty_lemming @Nichelle @texhewson @MyricaGale @chu

Supremely ironic & appropriate comment!

The new regime says the government should be run like a business (it should NOT, businesses drive profits, governments (supposedly) take care of ALL citizens).

Yet it is clear that, even if you agree to run a country like a business, the willy nilly unresearched cuts we see would quickly damage, if not #bankrupt, any business.

Remember the number of businesses #Trump has bankrupted?

Irony cubed?

Site neutral payments and US rural hospitals:

The below #Politico article states of Republican budget plans:
It also finds $146 billion in potential savings from so-called site-neutral payment policy in Medicare, a bipartisan target that has been discussed as a potential pay-for in reconciliation.

If you live in a rural area, this change is likely to #bankrupt your local hospital.

Building and maintaining a rural hospital "costs more" because the fixed cost of maintaining an ER, or a labor and delivery center or a suite of 3 surgical rooms is a fixed cost. You can't make it cheaper.

politico.com/news/2025/01/10/s