All Posts Tagged With: "Medicare"

Default is Inevitable, Part II

Talking points are truly amazing things. They capture the essence of the obsessions of political operatives. The political news has recently been dominated by the talking points surrounding the debt ceiling debate, with the main terms of choice being the assorted variants of “apocalypse.”

First of all, failing to raise the debt ceiling would not automatically lead to a default on the national debt. The federal government would continue to collect revenue, and could use that revenue to pay debt obligations as they fall due, or in other words, pay the coupon interest on time. This would involve deep cuts to everything else, and if you are a professional politician that is synonymous with impossible, so there is an assumption that default would be the …


Iowa’s First Night With Newt As Candidate

Monday night I got to see essentially the same man I saw a year ago at the 2010 Polk County Republican Spring Banquet.  This is a guy who has spent the past 12 years of his life dedicated to working with smart people to come up with solutions to America’s problems, and who comes across as thoughtful, smart (make that brilliant), and ready to work.

I say “the same”, because even a year ago, Newt Gingrich already seemed like a man bent on the idea that we can fix the American healthcare system without creating a yet another new bureaucracy incapable of bending to the people’s will.  A year ago he was pressing substantive health care reform ideas that acknowledged the deepest problems the Federal …


Taxation and Social Responsibility

Ah, my first contribution to the Conservative Reader.  I hope my effort is worthy of this site.  I hope I can remember my training from last night.  I hope I don’t come off sounding like a fool, or worse yet, like a pompas ass, but then again, how would anyone know the difference.

In the March 17, 2008 edition of Fortune, Geoff Colvin described a situation that is rearing it’s ugly head and that no one wants to talk about.  The subject was Medicare and in the opinion of many, including Alan Greenspan, this one issue will do more to negatively impact the American economy than the current credit crisis, than the war in Iraq, than $100 a barrel oil, than the trade …


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