Academic

MEGAN MCARDLE: Our Coming Medicare Debacle. ?Medicare cuts range from easy to hard, and we just us?

By Glenn Reynolds

MEGAN MCARDLE: Our Coming Medicare Debacle. “Medicare cuts range from easy to hard, and we just used up the easiest ones–cuts which, if you’ll notice, weren’t all that easy. Doing this bill means it will be even harder in the future to cut Medicare, because the cuts we will have to make will almost definitionally mean deeper service cuts, and greater political controversy. . . . So we aren’t done talking about healthcare. We haven’t even really started. Our budget problems loom as big as ever, and we just used up both political capital, and some of our stock of tax increases and spending cuts, to pay for something else.”

Full post as published by Instapundit.com on December 21, 2009 (boomark / email).