In the desperate attempt to portray their massive new spending bill as “budget neutral,” Congress and the Obama Administration are relying on more desperate measures to hide the true cost of the legislation. The Senate Finance Committee bill includes Section 1209, aka the “Fail-Safe Mechanism to Prevent Increase in Federal …
Among the fallacies in Speaker Nancy Pelosi’s health care bill is the pretense that bureaucrats are smarter than the rest of us. An unelected bureaucrat would be given czar-like control over our lives, our health, and our pocketbooks. Even super powers. This new all-powerful “health choices commissioner” would be entrusted …
At Marginal Revolution George Mason University economics professor Alex Tabarrok comments on Obama administration’s pay czar Kenneth Feinberg’s decision to cut bailed out firm executive pay by an average of about 90 percent from last year: There is no way this will work as advertised. If the administration actually follows …