Hits & Misses – 2009/08/28
News from "the envy of the world": bed shortage forces 4,000 mothers to give birth in lifts, offices and hospital toilets.
$9 trillion in new borrowing over the next decade: but even this forecast may be optimistic.
Health bill: Illegal immigrants would be mandated to have health insurance but would be ineligible to receive subsidies.
Illegal immigrant point is interesting, especially since the White House has been saying that these bills won’t involve insuring noncitizens.
I think the $9 trillion is optimistic.
I’m glad I’m not having a baby in the envy-of-the-world health care system.
Here is a response to Paul Krugman on why the $9 trillion is very bad: http://www.econbrowser.com/archives/2009/08/9_trillion_what.html
I second Vicki’s comment.