Relevant and even prescient commentary on news, politics and the economy.

Insulting the Spirit of the Atlanta Olympics

I wish to start by thanking the law enforcement officials in various red states for tracking down Eric Rudolph and getting this domestic terrorist to plead guilty. I was not going to say anything about this person given how angry I was over his various attacks on humanity, but the comments of his sister-in-law just […]

Health Care in The U.S. And The World, Part I: How much do we spend?

POST-AUTHORING NOTE: I see that while I was drafting this Kash wrote a great follow-up post with substantively similar content to this one. But perhaps my take on the issue or, failing that, my graphs, will still be interesting. ************** Given that about one in seven dollars in the U.S. are spent on healthcare (and […]

Maya MacGuineas Gets Kevin Hassett to Write a Good NRO oped

I’ve been looking for an opportunity to publicly apologize to Maya MacGuineas and this NRO oped makes it easy on me. Maya and Kevin ask “How would Clinton have saved Social Security?” While this may be one of the best NRO opeds not written by Bruce Bartlett, might I take the liberty of adding one […]

Heritage Foundation on Taxing the Working Poor

Via Mark Thoma comes the latest argument for Bush’s Social Security Deform put forward by the folks at the Heritage Foundation: Yes, because of a bigger crisis that has nothing to do with the program’s solvency. It’s a personal crisis affecting millions of American working families: The program designed for the 1930s is shortchanging them […]

Giving Your Social Security Checks to Rich Farmers

That President Bush weaseled out on his promise to cut farm pork does not surprise me in the least. But it does show that this White House was never serious about giving you your money back or protecting your Social Security benefits. Update: Brad Plumer notes that it might indeed be the time to be […]

Performance of the US Health Care System

Here’s some of the data I promised you the other day, giving a more detailed look at the performance of the US health care system compared with those of other industrialized countries. First let’s take a look at the very young. How well does the US health care system take care of children and mothers, […]

IRS Budget: Penny-Wise, Pound Foolish

Kash recently posted a graph entitled Historical Profits, which had me looking for an excuse to post the following graph showing corporate taxes relative to corporate profits before taxes (see NIPA tables 6.17 and 6.18, which note that taxes income those paid to Federal, state, and local government and taxes paid by domestic corporations to […]

The Real Crisis

Paul Krugman deserves kudos today for trying to turn attention toward the true long-term domestic crisis facing the US today: its horrible health care system. One of his central points is this: [T]he U.S. health care system is wildly inefficient. Americans tend to believe that we have the best health care system in the world. […]

Stephen Moore: Trouble Trying to Decide on Whether to Take the Free Lunch

Via Max comes Stephen Moore’s attempt to lower the standards at the Weekly Standard with the only line of interest being: Finally, to put the Democratic obstructionists in an especially uncomfortable position, it would make sense to start proposing fallback positions that at least get personal accounts started. One idea would be to defuse the […]

Gasoline Prices and the Used Car Market

If you are looking to sell a used Prius, the rise in gasoline prices is good news: NEW YORK (CNN/Money) – Demand for the gas-electric hybrid Prius is so great that some used Priuses are selling for more than the list price for a new one, a report said on Monday. Buyers who want to […]