The Affordable Care Act, ACA or Obamacare, has proven difficult to kill off. In the next eight days we will see if the last, final, we-really-mean-it effort suffers the same fate as the previous attempts.
It should die for even more reasons than the last attempt. But that doesn’t mean there isn’t actually be something of value in Graham-Cassidy which might lead us to even better healthcare in the future. If that fails, it could well lead us to a final calamity for the Republican Party.
President Trump spoke to the UN today. In all fairness, it could have been worse. And, in many ways, it was a re-iteration of what America has been saying for a long time – we have a big military and we intend to use it, but don’t ask us for money to keep the other operations going.
Yet it was bad enough in one singular sense – there is no place for globalism even as we realize larger threats to the entire planet at once. It was a summary of everything that he and his followers stand for in many ways. But what will it mean to the rest of the world?
Republicans need to produce tax reform, but can’t agree on much. Here is a post from two years ago which outlines an easy way to make something happen and claim victory. It may even be good policy.
Tax reform is on the minds of many Republican candidates, and that’s a good thing. Donald Trump revealed a plan, suggesting he may be a serious candidate after all. This announcement came as his poll numbers were slipping, so we may have a hint what voters think about actual policies. Jeb Bush released his plan earlier this month with the distinction of being called “weird”.
The point is that we are talking about taxes and serious tax reform, which is good. No one should expect one plan to suddenly spring forward and cut through the elaborate mess we have. Then again, once the knife is out, you could carve a better tax code out of a banana. But what really is needed? What is “simplification” or “reform”? Let’s start at the beginning.
This weekend a line was crossed, a bright red line painted in the blood of over 400 thousand Americans who died to end the scourge of Nazism forever. Chanting “Blut und Broden”, or its easy translation, children with far more energy than sense attempted to define Americanism by what has been demonstrated and defined to be its exact opposite.
Like their apparent heroes, they are losers. But they having chosen the losing side of history for predictably bad reasons beyond a simple moral failure. Their inability to learn from history is a feature of a nation incapable of learning from history and thus in need to constantly redefine itself.
As much power as there is in constant redefinition, there is also a need for constant vigilance. History is calling us today. Millions of ghosts are watching us waiting for us to make the right decision.
In other news, the US Senate failed to pass anything. This hardly seems like news given that they fail to get anything done nearly all the time. But the botched repeal of the Affordable Care Act (ACA), aka Obamacare, is a special new level of failure.
Normal procedures are completely gone. There is no committee report and there is no estimate from the Congressional Budget Office (CBO). Stuff is being whipped together in a few hours and thrown onto the floor.
The chaos is much more important than the bills themselves because it seems the Republican leadership, especially Sen McConnell (R-KY) must know better. That can only mean they aren’t even trying. So what, after all, are they doing?
Is the nation on the wrong track or the right track? Do you think that the political parties stand for something more than opposition to each other?
If you answered these questions with the most negative possible answer, you’re far from alone. Rasmussen has been polling the right/wrong track question for many years, and it’s headed back to the low 20% “right track”, net about -40, that it was at a year ago. The brief bump from Trump has worn off.
Even worse, a Washington Post / ABC poll shows that about 2/3 Americans think that the two major parties don’t actually stand for anything other than opposition to each other.
This is the reason why People’s Economics is necessary. It’s time to reboot everything – not just the people, but the fight that drives them.
Economics is nothing more nor less than the study of the primary way in which people connect with society and get on with their lives.
In everyday life, you may interact with a few people – family, colleagues, and friends. But through the process of eating and paying the mortgage you interact, at some distance, with hundreds more. Because this interaction is entirely through something called “money,” a way of keeping score, it’s very tempting to look at it entirely through numbers. The dizzying details of tens of millions of exchanges every day makes a top-view in bulk the most desired method of analyzing how things are going.
Yet this process has proven wrong over and over again. The failure of economics, particularly macro-economics, is the primary reason why the only true study of an economy has to be a People’s Economics.