After two months of talks, the super committee announced failure on Monday to agree on reducing federal deficits by $1.2 trillion over the next decade. But as the late economist Herb Stein once remarked: If something cannot go on forever, it won't.
The key justification for ObamaCare is “cost shifting”—that the insured pay a hidden tax to support the uninsured. But for the most part, such a shift does not, in fact, take place. By John F. Cogan, R. Glenn Hubbard, and Daniel P. Kessler.