Congratulations! The cost of your health insurance is increasing.
What? You don't think that's a reason for celebration? Good, you're avoiding a mistake that's far too common among economic analysts, especially Republicans.
Some things about 2013 are easy to predict. We know that taxes are going to rise, and so will the federal debt. We know that there will be more guns in circulation at the end of the year than at the beginning.
A year from now, the federal government will start collecting a new tax on medical devices from tongue depressors to imaging machines, thanks to the sweeping health-care overhaul that Democrats enacted in the spring of 2010.
Last year, President Barack Obama issued a warning to Republicans. They had been ”politicking” instead of ”governing,” he said. ”Well, we can politick for three months,” he said. ”They forgot I’m pretty good at politicking.”
That was in August 2010. At the end of those three months...
Republicans say they want to ”repeal and replace” the health-care law President Barack Obama signed last year, but they are a lot more specific about the first half than the second. Rep. Paul Ryan wants to bring some balance to the slogan.
In a Sept. 27 speech to the Hoover Institution at Stanfo...
It may be called a ”supercommittee,” but nobody expects any heroics. The deal reached over the summer to raise the debt ceiling created a bipartisan committee to identify ways to reduce budget deficits by $1.5 trillion over the next 10 years.
Few people expect anything to come of it, assuming th...