Saturday, March 26, 2011

One More Time Its Healthcare Price Inflation Stupid



This graph puts the long term US deficit in the proper focus. The current plan is to keep tax revenue as a percent of GDP flat and to make cuts in discretionary spending. The only spending that really matters is healthcare spending. The GOP is trying to repeal the only plan that we have to limit growth in healthcare spending and its base is convinced that cutting the parts of the budget that don't matter is whats important. Getting rid of earmarks in response to their base has little impact on the budget but it has a big political impact. It excites the neanderthals.

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