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  • RSS Paul Krugman: Conscience of a Liberal

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    The Confluence

  • RSS Suburban Guerrilla

    • Obama to bail on net neutrality?
      Sounds like it: Net neutrality is not dead. But it may be about to take a big blow to the head. The Wall Street Journal has a foreboding scoop that provides details on an early draft of the Federal Communications Commission’s new net neutrality rules. And to put it mildly, Internet activists will not be […]
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    • The Correct Level of Profits in an Economy
      Sustained high profits, in free market economics, are considered the sign of an uncompetitive market.  De-fact if an industry or business makes high profits regularly, and certainly if they do so for more than a decade or so, the market is not competitive. The response to that should be political: either make the market competitive, [...]
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Nip and Tuck — No Biggie

If this is true it should be front page news. We have a right to know what is getting bargained away:

Ezra F*ckin Klein:

There will be a variety of nips and tucks to Medicare, including more cost-sharing and decreases in provider payments, and the headline Democratic concession is likely to be that the Medicare eligibility age rises from 65 to 67.

That’s not a policy I like much, but New York magazine’s Jonathan Chait accurately conveys the White House thinking here: They see it as having “weirdly disproportionate symbolic power,” as it’s not a huge (or smart) cut to Medicare benefits, and most of the pain will be blunted by the Affordable Care Act. But Republicans and self-styled deficit hawks see it as a big win. And Democratic House Minority Leader Nancy Pelosi, who staunchlyopposes raising the retirement age, has stopped well short of ruling it out.

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