States Can't Go Bankrupt

The Wall Street Journal carried an op-ed last week arguing that many key provisions of President Obama’s jobs bill are intended as a bailout for “blue states” (defined as Democratic states with heavy union presences) and that other aspects of the same bill might make things worse for the same …

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Written by Eli Lehrer on Monday September 19, 2011

Obama's Big Idea: Bankrupt Medicare Faster

The president has spoken repeatedly about how well Medicare works and has promised seniors it will be strengthened by his plans. But Medicare is going bankrupt and is unsustainable: It will be $37 trillion in deficit by the year 2050. How can Medicare avoid bankruptcy? It cannot with the current …

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Written by Stanley Goldfarb on Thursday August 27, 2009