This diatribe bestowed upon Rep. Raul Grijalva on CNBC, which has become Fiscal Cliff TV, is really priceless, with the anchor accusing Grijalva of tanking the market because he refuses to cut benefits for poor people and seniors. The means testing angle is really a joke here, too. Medicare is already means-tested. To means-test it [...]

Republican innumeracy basically explains half of their policy prescriptions, but as these things go, this is a pretty good one. The short story is this. The 2010 Affordable Care Act carried a price tag of $940 billion over ten years. This was mainly accomplished by delaying the implementation until 2014 to keep the 10-year budget [...]

Mitt Romney turned 65 today, and he celebrated by having his campaign staff belch out a misleading memo about Medicare (Mitt actually did not enroll in Medicare, so he now must turn to the private market with a mere $250 million in personal wealth to protect him). Romney tried to claim that President Obama’s policies, [...]

Yesterday a group of freshman Senators unveiled a cost-control package of amendments designed to allay fears that the cost control in the Senate health care bill had been gutted. Economists whose support the White House coveted have grown more wary of the bill because of a de-fanging of the Independent Medicare Advisory Board, which would [...]