[Translate] Former U.S. Representative David Stockman (R-MI), who served as Ronald Reagan’s first director of the Office of Management and Budget, used the forum of the Sunday New York Times to unmask and rebuke Republican members of Congress and their elite messaging strategists who cling to claims to be fiscal conservatives. “Mr. McConnell’s stand puts the lie to the Republican pretense that its new monetarist and supply-side doctrines are rooted in its traditional financial philosophy.“ David Stockman31 July...
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[Translate] The Senate Finance Committee, chaired by Max Baucus of Montana, has delayed the vote on the “public option” until next week. Possibly in part because the Congressional Budget Office has notified Congress that tethering a public option to Medicare reimbursement rates would save the government $110 billion as reported earlier here. That more savings than even the original “public option” proposals by leveraging a system that’s already in place. Or maybe it was partly a reaction to the reprehensible,...
