Muck and Mystery
   Loitering With Intent
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January 22, 2011
Easy Reductions

If you have been following the ins and outs of the various brain dead policy wheezes on offer lately then this will seem sensible.

I have a plan to reduce the budget deficit. The essence of the plan is the federal government writing me a check for $1 billion. The plan will be financed by $3 billion of tax increases. According to my back-of-the envelope calculations, giving me that $1 billion will reduce the budget deficit by $2 billion.

Now, you may be tempted to say that giving me that $1 billion will not really reduce the budget deficit. Rather, you might say, it is the tax increases, which have nothing to do with my handout, that are reducing the budget deficit. But if you are tempted by that kind of sloppy thinking, you have not been following the debate over healthcare reform.

If you have not been paying attention then you may want some splainin done.
Healthcare reform, its advocates tell us, is fiscal reform. The healthcare reform bill passed last year increased government spending to cover the uninsured, but it also reduced the budget deficit by increasing various taxes as well. Because of this bill, the advocates say, the federal government is on a sounder fiscal footing. Repealing it, they say, would make the budget deficit worse.
Repeal it because it's a botched effort, a 2,700 page morass of regulatory mumbo-jumbo designed as a jobs program for bureaucrats and politicians immediately and continuously in need of reform. It makes things worse rather than better. Really, this is amateurish stuff that should not stand.

Then, deal with fiscal issues directly.

Posted by back40 at 05:41 PM | politics

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