Our recent paper on the fiscal cliff details the short-term or longer-term economic problems that the country will face if lawmakers either allow everything in the fiscal cliff to occur as scheduled or if they decide to extend it all. This blog will look farther into the potential short-term impacts, attempting to quantify what the cliff's 2013 effects would do to the economy.
Update: Charles Blahous has posted a response to his critics here.
In the latest post in his ongoing "The Government We Deserve" series, CRFB board member Eugene Steuerle stated that regardless of how the Supreme Court rules on the constitutionality of the individual mandate, we would still have a problem with health care costs and a "math-less debate" on the issue.
Below is an excerpt from the post:
Via Wonkblog, Sarah Kliff reports on an initiative by nine medical specialty groups to identify procedures that they find to be either unnecessary or unlikely to improve patient outcomes. The initiative, called "Choosing Wisely" tasked these nine groups to come up with five procedures each, for a total of 45 (the list is here).
Bloom and Gloom – Washington’s famous Cherry Blossoms bloomed just ahead of the festival in their honor, and most promptly disappeared due to stormy weather in DC. Now, we can look forward to five weeks of celebrations with the namesakes mostly absent. A similar situation is playing out with the federal budget. There have been weeks of hearings, which will culminate this week as the House votes on the FY 2013 budget resolution. Yet, it is clear that there will be no budget coming out of Congress, again.
On this day two years ago, President Obama signed into law the Patient Protection and Affordable Care Act, the first of two pieces of legislation that would make up the full health care law. The Health Care and Education Reconciliation Act would follow a week later, making some changes to PPACA while also containing changes related to student loans.
With Congressman Paul Ryan's (R-WI) new budget comes an interesting piece of good news: an apparent agreement between House Republicans and President Obama on the need to hold Medicare cost growth to GDP plus 0.5 percent per beneficiary in the long-term.
CBO's most recent estimate of the insurance coverage provisions of the Affordable Care Act has sparked a debate about how CBO's estimate of ACA has changed over time.