Washington Post columnist Robert Samuelson warns that the health care law’s projected net savings are based on unrealistic assumptions – and in any event, America can ill-afford any increase in gross entitlement spending because the federal debt is about to overrun us. Maybe. But nobody was about to take a whack at health care costs (remember “death panels”?) anytime soon if the bill had not passed. And at least the law contains a rudimentary framework for containing costs if Washington ever grows the backbone to make the effort.
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Deficit Reductionism |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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