What does this mean?
"The Medicare reform represents a big cut in entitlement spending. It
amounts to means-testing the system. It introduces more competition and
cuts corporate welfare. These are all Republican ideas."
Is this what he meant?
"Over the long run, Obama has insisted that health care reform will be
deficit-neutral. Many experts believe this will force Democrats to
reduce the tax exemption for employee insurance benefits in order to
raise revenue. This idea is at the core of most conservative reform
proposals."
Max Sawicky wrote:
All I've heard are crickets chirping re: the stunning O-budget.
Though to be fair there was this disturbing bit today from that doofus
Brooks in the NY Times:
"The White House has produced a chart showing nondefense discretionary
spending as a share of G.D.P. That’s spending for education, welfare
and all the stuff that Democrats love. Since 1985, this spending has
hovered around 3.7 percent of G.D.P. This year, it’s about 4.6
percent. The White House claims that it is going to reduce this
spending to 3.1 percent by 2019, lower than at any time in any recent
Republican administration. I was invited to hang this chart on my wall
and judge them by how well they meet these targets. (I have.)"
http://www.nytimes.com/2009/03/06/opinion/06brooks.html?_r=1&ref=opinion
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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