Extra - Opinion Journal: "Climategate - follow the money"
Monday, November 30, 2009
Debt forever with government-run healthcare
Gallup: "Americans still leaning against healthcare legislation"
Gallup: "Americans still leaning against healthcare legislation"
Americans currently tilt against Congress' passing healthcare legislation, with 49% saying they would advise their member to vote against a bill (or they lean that way) and 44% saying they would advocate a vote in favor of the bill (or lean toward advising a yes vote).John Gordon Steele explains why Americans have soured on healthcare reform:
Despite the considerable efforts of Congress and the president to pass health insurance reform, the public remains reluctant to endorse that goal. Over the past month, Gallup has found more Americans opposed to than in favor of healthcare legislation, though at least one in five say they have not made up their minds. Proportionately more independents (27%) and Democrats (24%) than Republicans (14%) are undecided, which at least improves the odds that legislation could wind up getting majority public backing. But the recent trend has been in the opposite direction, with opposition growing.
The public is aware of the situation and in poll after poll puts deficit reduction as its No. 1 priority. So what will the greatest deliberative body in the world - as the U.S. Senate loves to call itself - spend the month of December deliberating about? The greatest expansion of the federal government’s responsibilities since Lyndon Johnson left the White House 40 years ago.And add to the deficit it will since there's zero chance of Congress cutting Medicare by a half-trillion dollars and cost containment efforts in the original bills are already being thrown overboard:
In merging bills drafted in committee, meanwhile, Reid significantly watered down two of the most important cost-containment provisions: a tax on high-cost health insurance policies that was opposed by labor unions and an independent commission that had been designed to automatically and methodically restrain Medicare spending. Senior White House officials have called those provisions critical, but House leaders are adamantly opposed to both.By a wide majority, Americans know that the current bills moving through Congress will explode the deficit. Why does Congress pretend otherwise?
Sunday, November 29, 2009
Officers gunned down in Washington State - Four officers ambushed and murdered in cold blood. What can you say about a senseless tragedy like this? Police are combing the area for a suspect and they have not ruled out a possible accomplice.
Update - Person of interest: Maurice Clemmons
More - Unbelievable: a lifetime of crime and second chances including a commutation by then-Arkansas governor Mike Huckabee. The key should have been thrown away a long time ago.
Saturday, November 28, 2009
The write stuff - Opinion Journal: "Five best books: historical fiction"
The first book that came to mind (before seeing the list) was Tom Wolfe's "The Right Stuff" about the Mercury astronauts although Wolfe's style is considered "new journalism" instead of historical fiction. Maybe a more apt choice would be Neal Stephenson's Baroque Cycle. I learned so much about the Glorious Revolution, monetary policy, and the Royal Society (among many other topics) after reading this series. Bring on the Trial of the Pyx!
Who's closest to the actual retail price without going over? - If you believe Obama, then health care reform will be deficit-neutral. But Michael Cannon at Cato estimates that once you strip away all the budget gimmicks, Obamacare will cost $6 trillion. Somebody is closer to the truth.
Friday, November 27, 2009
When we get around to it, maybe
I just found this gem of unintentional humor from the White House blog responding to Krauthammer’s article, insisting that tort reform is on the table when it comes to health care reform:
I just found this gem of unintentional humor from the White House blog responding to Krauthammer’s article, insisting that tort reform is on the table when it comes to health care reform:
President Obama issued a Presidential Memorandum directing the Secretary of HHS to move forward with an initiative to give states and health systems the opportunity to apply for medical liability demonstration projects.Are there enough qualifiers in there? Are any of these demonstration projects in the pipeline or does the HHS need to approve the applications so we can review and formulate a task force to process the information, forthwith? Short answer: there is no tort reform.
Worst legislation ever - Charles Krauthammer (Harvard Medical School 1975) declares the health care legislation working through Congress “irredeemable” and urges “Kill the bills and do health reform right.”
Nancy Pelosi, laugh riot
Who’s writing her material nowadays?
Who’s writing her material nowadays?
Despite the $787 billion stimulus package passed in February, unemployment climbed to 10.2 percent in October. While critics cite the jobless rate as a sign that the stimulus has failed, Pelosi argues that the federal government is just not trying hard enough.On the one hand, the House Democrats are proposing new legislation (that is, deficit spending) to create jobs while pushing through a massive health care bill that will undoubtably destroy jobs by putting expensive new mandates on business. Is Nancy Pelosi insane or is this a bit she’s doing?
"We have to shed any weakness that anybody may have about not wanting to be confrontational on this subject for fear that we'd be labeled not sensitive to the deficit," Pelosi said, in a recording posted by Think Progress.
"The American people have an anger about the growth of the deficit because they're not getting anything for it. ... If somebody has the idea that the percentage of GDP of what our national debt is will go up a bit, but they will now -- and their neighbors and their children -- will have jobs, I think they could absorb that, and then we ride it out and bring money in," she said.
Wednesday, November 25, 2009
Stream of consciousness on a slow news day
There doesn't seem to be much going on today as everybody winds down for Thanksgiving. The top story on Fox News right now is "Are Vampires real?" I hear there's a vampire movie out, so there may be a tie-in.
My weekend started out great because my normal commute was...a normal commute. I took an alternate route home and missed almost all the holiday traffic. Sweet.
I know that when unemployment is topping 10%, it may not be the ideal time for a lavish state dinner at the White House. But, gosh darn it, I love it when our country plays the host, especially to a (future?) ally like India. They're going to be bigger than China one day; might as well play nice. The President makes less money than most baseball players, so why not let him entertain some friends?
On the other hand, I just heard that Obama will be flying to Copenhagen for some climate conference. Does this guy ever stay in the country for more than a couple days?
Detroit will be playing their annual football game against Green Bay tomorrow. Followed by Oakland-Dallas. Snooze. There's an outside chance the NY Giants-Denver matchup will be decent.
Did I mention that Jimmie Johnson won his fourth (in-a-row) NASCAR championship? Snooze redux.
I'm about three weeks away from finishing my coursework for my master's degree. When I graduated from college in 1991, I never thought I'd be heading back to school. But just like "60 is the new 45" I suppose that a masters is the new bachelors.
I haven't written about the race for Ted Kennedy's old seat in the Senate. Whoever wins the Democratic primary will win the seat and, at this point, it looks like Bay State AG Martha Coakley. She'll be a "yes" vote on the health care bill to bankrupt the nation.
Well, if I don't write anything further tonight, let me close with "Happy Thanksgiving."
Tuesday, November 24, 2009
Kentucky. Fox News. You know what I'm getting' at.
Two months ago, Andrew Sullivan knew there was a lynching in Kentucky and engaged in a little casual stereotyping, possibly while listening to "YMCA"
Two months ago, Andrew Sullivan knew there was a lynching in Kentucky and engaged in a little casual stereotyping, possibly while listening to "YMCA"
But the most worrying possibility - that this is Southern populist terrorism, whipped up by the GOP and its Fox and talk radio cohorts - remains real. We'll see.Situation "seen": we now know that Bill Sparkman committed suicide and staged the scene so his family could collect on life insurance. William Jacobson, of a long memory, has a list of bloggers in "Calling for Sparkman apologies."
Monday, November 23, 2009
If only we had some warning!
Stuff like this drives me nuts. From the NY Times: "Wave of debt payments facing U.S. government"
The Left and the mainstream media (but I repeat myself) play up the certitude of global warming despite the prevailing evidence. But bring up the fiscal vacuity of America's entitlement programs and you're just trying to destroy FDR's legacy. Well, good luck with your Medicare cuts, boys.
Extra – Robert Samuelson tries again with "The assault on the young": "Working Americans -- the young and middle-aged -- already pay a huge part of the health costs of the elderly through Medicare and Medicaid. These will grow with an aging population and surging health spending. Either taxes will rise or other public services will fall."
Stuff like this drives me nuts. From the NY Times: "Wave of debt payments facing U.S. government"
The problem, many analysts say, is that record government deficits have arrived just as the long-feared explosion begins in spending on benefits under Medicare and Social Security. The nation’s oldest baby boomers are approaching 65, setting off what experts have warned for years will be a fiscal nightmare for the government.In what context is the word "feared" used here? In "feared" there's the implication that the mathematical certainty of Medicare's and Social Security's insolvency would not come to pass. In what way was this not foreseen by Washington and bloggers alike? The Social Security and Medicare trustees put out a report every year explaining that benefit levels cannot continue much beyond the next couple decades.
The Left and the mainstream media (but I repeat myself) play up the certitude of global warming despite the prevailing evidence. But bring up the fiscal vacuity of America's entitlement programs and you're just trying to destroy FDR's legacy. Well, good luck with your Medicare cuts, boys.
Extra – Robert Samuelson tries again with "The assault on the young": "Working Americans -- the young and middle-aged -- already pay a huge part of the health costs of the elderly through Medicare and Medicaid. These will grow with an aging population and surging health spending. Either taxes will rise or other public services will fall."
More - Megan Mcardle: "We're going broke anyway, so why not spend like drunken sailors?"
Saturday, November 21, 2009
Some "funny" stuff I found in my latest issue of Wired - The "blog" of "unnecessary" quotation marks.
You can't fool all the people - David Broder discusses health care reform in "A budget-buster in the making." He notes that less than one-fifth of Americans believe Obama's promise that the plan will not add to the federal deficit. That's change you can't believe in.
Friday, November 20, 2009
Deep in the red - Here's former CBO director Douglas Holtz-Eikin with "The coming deficit disaster."
Bah, humbug on taxes - Business Week: "Best e-commerce sites for the holidays." Take a guess how much spending I'll be doing in Massachusetts and the state's new 6.25% sales tax.
Like a boring straw, there is no bend - Megan McArdle has a detailed review of the likely funding (and underfunding) scenarios for the health care bill in "Preliminary thoughts on the CBO report." "I think it's pretty clear at this point that no bill from our Congress is going to meaningfully 'bend the cost curve'." Here's some additional commentary from Krauthammer.
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