I do think, given the volatility we have seen in the market, given what feels like a more frequent period of shocks to the system, right, whether it was COVID 2 years ago and now the Ukraine crisis, that the collateral movement and the size of the CCPs and the volatility that we are seeing, it is extremely important to consider this proposal and this idea of having Fed accounts for CCPs.
Scott emphasizes the need for Federal Reserve accounts for clearinghouses amid market volatility.
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Nobody would be kicked off Medicaid as long as the governors decided that they wanted to continue to fund the program.
When the Dems expanded Medicaid under the Affordable Care Act, they made that percentage match 90-10%. So the federal government is paying 90% of the Medicaid expansion.
The integrity of the programs matter because the taxpayers are not going to support them when they're filled up with fraud.
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