is a Bond Bubble Even Conceivable?
The Economist Gets One Very Wrong

Scoring the PPACA

Bruce Bartlett has a very good catch:

The Untold Medicare Improvement: My Fiscal Times column today looks at the latest Medicare trustees report. It shows an enormous improvement in Medicare’s finances due to passage of the Affordable Health Care Act. Oddly, the Obama administration seems reluctant to take credit for this improvement, apparently because an accompanying memo from Medicare’s actuaries predicted that Congress would increase payments to health care providers. What everyone apparently has missed is that the problem identified by the actuaries was part of the law when last year’s report was prepared. Therefore, all of the savings shown in this year’s report compared to last year’s report are still perfectly valid. They have nothing to do with the problem identified in the actuaries’ memo.

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