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23 Nov 2009 12:21 pm
Hitting The Cost Curve's Guardrails
Tyler Cowen counters Yglesias:
As I understand it, the apparently fiscally responsible portions of the
bill come from a) eventual cuts in Medicare spending, and b) rising
taxes on some health insurance plans and they come later of course.
Few Congressional representatives are willing to do these things today,
so should we predict they will be done in the future? (The same
problem plagues Waxman-Markey, by the way, so these back and forth
rhetorical debates are becoming quite common.) In my view, policies
structured in this manner are simply another way of doing deficit
spending.
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