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Monday, June 06, 2011

Paul Krugman says Ryan's Medicare voucher plan would 'end Medicare'. Robert J. Samuelson says unless we 'end Medicare as we know it' we are in deep fiscal trouble. I think everyone understands that the current system is unsustainable without changes. Krugman believes the changes that would work would involve the entire health care system by much more stringent government regulation of how health care providers do their jobs. Samuelson says we need to end the incentive system that exists in our fee-for-service environment. Both men see the problem, and both see a way out, but one is for more government involvement by laws, regulations and regulators while the other sees a market mechanism. I'm with the market-oriented folks on this one.

The Socialists lose in Portugal. Could Socialism be on the way out, or is this just a knee-jerk response to bad times?

A new movie chronicles Sarah Palin's life. She is running for President, I am sure of it. Like all the others, I will withhold any snap judgements.

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