John Goodman?s latest blog post is well worth reading here.
I actually feel a bit sorry for them. President Obama and Democratic leaders in Congress got some very, very bad advice from health policy experts they relied on during the past election. It was the same bad advice they have been getting year after year, election after election, for as far back as memory serves.
But now that it is time to legislate, these politicians must face real economists who look at evidence over at the Congressional Budget Office (CBO). Although the CBO Director and staff are appointed by Congressional Democrats, they are professionals and they have been willing to stand up to the pressure and essentially say that last year’s campaign rhetoric was hogwash.
