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Pension and health care outlays are not exogenous givens. The economy is not some external entity which government passively receives prices. Likewise the rece
by ataggart 16y ago
Pension and health care outlays are not exogenous givens. The economy is not some external entity which government passively receives prices. Likewise the recession is not some external thing that can be waited-out like a hurricane. Our actions, and particularly those of that blunt club called government, entirely affects what emerges from the market making up the economy.
- eli 16y agoThat's easy to say, but what specifically do you suggest they do about it? Given where we are right now (and setting aside CA's ridiculous laws regarding how they can reallocate their budget), what would you change to free up hundreds of billions of dollars without raising taxes? Take over healthcare and beat back prices? Hey, I'm all for it, but I think that's gonna cost more in the short term.
- ataggart 16y ago>Take over healthcare and beat back prices? I guess you didn't really grok my point about prices not being exogenous entities.