Saturday, March 24, 2012
This is a rather long and wonky but still very enlightening read. Levin explains why getting health care costs down is essential to avoiding a federal fiscal catastrophe and why something other than rationing by a panel of federal experts (who would not even have adequate powers to control costs anyway, and one fears what would happen if they did) is the preferred way to go.
I hate to be such a gloomy gus, but the whole issue of the federal debt and how federal health care costs are driving it is, well, kinda hard to get your arms around. It's rather complicated stuff. How likely is it that a democracy transfixed by such canards as Inequality, the War On Women or this latest red herring in Florida (yes, a mixed metaphor) is going to even glance at Ryan's budget let alone come to some sort of reasoned judgment that a more market based reform is better than Obamacare. I fear that what we are looking at is a fundamental inability of the sort of giant, mixed-economy behemoth we have become to govern inself in a way that averts financial disaster. I hope I'm wrong but I just don't see what the mechanism is that's going to stop it. Here is California, at the state level, we seemed to be absolutely locked into a political dynamic that must end in fiscal disaster. It's like the political equivalent of one of those ancient elks with antlers so huge they could not lift their heads -- probably mythical but you see my point. Evolutionary dead ends abounded; why not in politics?
Steyn is even gloomier.