Social Security Bloviate-fest

By Jagadeesh Gokhale

The annual bloviate-fest on Social Security has begun, even before the Social Security Trustees’ report has been released this year.  Apparently the report is to be released next week — after a three-month delay from its statutory release deadline of April 1. 
There’s concern from groups interested in preserving Social Security that President Obama’s National Commission on [...]

Are These Examples of Washington Corruption?

By Daniel J. Mitchell

The “appearance of impropriety” is often considered the Washington standard for corruption and misbehavior. With that in mind, alarm bells began ringing in my head when I read this Washington Times report about Jacob Lew, Obama’s nominee to head the Office of Management and Budget. A snippet:
President Obama’s choice to be the government’s chief budget officer [...]

Obamacare Complexity vs Free Market Simplicity

By Daniel J. Mitchell

Free markets are characterized by voluntary exchange between buyers and sellers. Mapping that relationship is absurdly simply, as this image indicates.

Indeed, the only reason I even bothered to include that image was for purposes of comparison. Here is a new flowchart prepared for the Joint Economic Committee showing the healthcare system under Obamacare.

It’s worth noting, [...]

No, There Are NOT “Five Job Seekers for Every Job Opening”

By Alan Reynolds

The Washington Post published “5 Myths about unemployment” by Heidi Shierholz of the Economic Policy Institute.  The article is indeed full of myths, though not in the intended sense. 
“There are now roughly five unemployed people for every available job,” says Ms. Shierholz,  adding “there literally aren’t jobs for four of every five unemployed workers.” That [...]

Pacific Legal Foundation Files Suit against ObamaCare’s Individual Mandate

By Michael F. Cannon

For more on Sissel v. United States Department of Health & Human Services — and plaintiff Matt Sissel, a 29-year-old artist and former National Guardsman who earned a Bronze Star during his second tour as a medic in Iraq — see the Pacific Legal Foundation’s web site.

ObamaCare Remains Unpopular, or Round Two of My Exchange with Maggie Mahar

By Michael F. Cannon

Maggie Mahar responds to my response to her critique of Michael Tanner’s claim that ObamaCare is deeply unpopular.  Mahar’s alternative narrative, espoused by many on the Left, is that “the more voters learn more about the reform legislation, the more they seem to like it.”
Mahar shows that her narrative works if you begin looking for [...]

Investors: Fear the Process That Gave Us ObamaCare, Not Efforts to Repeal It

By Michael F. Cannon

Ezra Klein writes:
So long as the political system is working reasonably well, we can get out from even quite a lot of debt. But the more it breaks down — the more the market sees things like the deficit commission rejected by its Republican sponsors in Congress, the more it hears threats to repeal the [...]

The ‘Public Option’ Is Back

By Michael F. Cannon

That didn’t take long at all.  Left-wing congresscritters have (re-)introduced legislation to create a “public option” in ObamaCare’s health insurance exchanges.
The Congressional Budget Office scores the bill as reducing federal deficits by $53 billion by 2019.  How?  Paying doctors and hospitals less!  Put that on a bumper sticker! The public option would use Medicare’s price [...]