All things move at their own pace. A statement more likely to be made by a philosopher than by a healthcare policy expert. But healthcare works best when it works at a specific pace, with the optimal cadence maximizing progress while minimizing risk, both real and perceived, expected and unforeseen.Read More
A rose by any other name would smell just as sweet. And a vaccine mandate by any other name would be just as resisted. As we come closer to a publicly available vaccine, we come closer to the inevitable collision between the public perception of the vaccine, and the government efforts to increase participation in taking the vaccine. While the government has promised not to impose mandates in the traditional sense, there are signs that the government will try to influence public participation by offering financial incentives. We caution against this, and hope the government works to increase participation by building confidence instead – starting by surveying the public and quantifying confidence across different communities through a vaccine confidence index.Read More
American debt to exceed GDP in 2021
The United States is projected to hold about $21 trillion in debt in 2021, and that number is expected to increase to $32 trillion by 2030. A $1.9 trillion stimulus bill represents a fraction of that increase, although White House officials have also discussed trying to approve a multitrillion-dollar infrastructure package later this year. The CBO projections also assume the expiration of numerous provisions of the 2017 GOP tax law aimed at the lower and middle class by the middle of this decade.
Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, which pushes for deficit reduction, said lawmakers face a long-term challenge in getting spending and deficit levels to balance. That is not something that hinges on the precise size of Biden’s stimulus package, Goldwein said.
“Even without the $1.9 trillion [stimulus], we will be at record-high debt levels” in a few years, he said. “Realistically, it’s going to come much sooner than that.”
Source: Washington Post