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Ideally this would be done by reforming Medicaid financing to provide the federal assistance to the states for the program through fixed, finite block grants, which do not vary by matching increased state Medicaid spending as under the current system.
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Slide fixed the problem, and the program is back on the social network.
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The borrowing limit thus acts like the trust fund balance in Medicare Part A or Social Security, except that it allows the program to go a fixed amount into the red.
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The most significant part of the program is its open-ended nature rather than a fixed amount or time period for its asset purchases.
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In a summary of TARP efforts on Thursday, Geithner pointed out that prime fixed-rate securities, the sort once envisioned as purchases for the program, have increased in value by 40% as liquidity has come back to markets.
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Moreover, complete cancellation of the program would cost the taxpayer huge sums in termination costs provided for as part of the fixed price contracts that would have to be breached.
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This specific architecture was selected, largely because it utilizes an evolvable development approach, which allows NASA to address high-cost development activities early on in the program and take advantage of higher buying power before inflation erodes the available funding of a fixed budget.
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