Not in My Interest
By Arnold Kling
Tom Coburn and Joseph Lieberman attempt to forge a centrist proposal on Medicare.
“We can’t balance our budget without dealing with mandatory spending programs like Medicare. We can’t save Medicare as we know it. We can only save Medicare if we change it. And that’s what the Medicare Reform Plan Tom Coburn and I are proposing will do,” said Senator Lieberman.
Even though what he says is true, and even though their plan has positive features, it is not in my interest that it pass. These days, I am getting attention and paying gigs because of my thoughts on the possibility of a U.S. sovereign debt crisis. In theory, passing a plan like this would reduce the odds of such a crisis by a considerable amount.
Fortunately for me, this plan is likely to go nowhere, and my conjectures about a U.S. sovereign debt crisis will still be in demand.