Richard W. Stevenson writes in Sunday’s New York Times Week in Review section that the debate in Washington over spending, debt, deficits and entitlements amounts to the most fundamental reassessment of the size and role of government since Ronald Reagan and perhaps since Franklin Roosevelt. Here’s an excerpt: The battle [continue reading . . . ]
Anyone who thinks health-care costs can be brought under control ought to be required to read British physician Theodore Dalrymple’s* piece in the Wall Street Journal issue dated April 16. Here’s an excerpt: The British system is now capable of absorbing infinite amounts of money with minimal benefit to the [continue reading . . . ]
Health care in general and Medicare and the Rx drug benefit in particular constitute the asteroid that threatens our financial extinction. Social Security was technically in surplus — taking in more in taxes than its outgo in benefits — until the recent economic unpleasantness. Social Security might attain surpluses again if [continue reading . . . ]