Whatever Happened to SCHIP and the Farm Bill?

CongressDaily ($) is reporting that the two reauthorizations that have funding increases for human needs programs -the Farm Bill and SCHIP- aren't going anywhere anytime soon. Negotiations over SCHIP have broken down, and the Senate failed to close off debate on the Farm Bill. We'll have to wait until after Thanksgiving to try again.

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Review of Books On Health Care Costs

A good article on health care cost issues from the American Prospect. It's a review of three new books on health care that are broadening the debate over health care costs outside the context of the long-term fiscal challenge. For years health care policy people have focused on insurance as a cure for all that ails the health care system, overlooking the cost-inefficiencies of the delivery system. Only recently has there been a good discussion. This discussion is now having a spill-over affect on fiscal policy, which is pretty awesome.

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Kuttner vs. Krugman, 1996 Edition

This is kind of random, but check out this exchange between Paul Krugman and Robert Kuttner (with a little bit of Robert Reich's ideas mixed in there) from 1996. Krugman's ideas sound, shall we say, Hamiltonian. He's changed his outlook quite a bit since then. Why have the other Hamiltonians stayed the same? Update: Whoops, forgot the link- it's here.

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CBO's Health Care Projections

CBO just released an impressive document on health care costs and long-term fiscal issues. It includes:
  • A more realistic projection of health care costs, absent changes in federal law
  • The relative importance of an aging population, health care costs, and social security costs
  • A systematic explanation of the rise in health care costs and its value
  • A discussion of possible remedies to excess health care costs

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Deficit/Spending

Here's an interesting paper on the "starve the beast" school of government reduction by tax cut (via Inclusion). The abstract:

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John Edwards Has A Secret

An interesting article in the Times on who's advising the presidential candidates on economic policy. So far, only John Edwards has broken Washington taboos and (quietly) declared that he'd increase the deficit to pay for more social spending.

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US Owes Creditors $9,000,000,000,000.00

That's 65% of GDP (and a good argument for PAYGO) A dubious milestone was passed on Tuesday, November 6, as the U.S. national debt crossed the $9 trillion mark. Don't look now (no one likes a clock watcher), but it's billions more already. At 65 percent of GDP, it could be paid off if every good and service produced in the U.S. from January 1 until September 30, 2008 were given free of charge to the nation's creditors. You can spare that nine months' worth of salary, can't you?

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The Inherent Superiority of the Private Sector

Businesses are moving on ideas to incentize better quality and cost-efficient health care. Why is it taking so long for government to do the same?

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Leave Social Security Be

Paul Starr explains why it's a bad idea to tinker with Social Security now- even if the solution is to raise the payroll tax.

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SCHIP Is About Politics

The NYT a pretty interesting article on the politics behind SCHIP, but it has big problems. First, the article makes it pretty clear that the President decided to veto this bill regardless of what was in it. He has never tried to work with the bill's designers to come up with an acceptable compromise. The veto is entirely his decision and his fault. So why then is the headline "Missteps on Both Sides Led to Health Bill Veto?" Now, who's fault is it that the veto wasn't overridden?

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