Tom Purcell: ‘Cliff’ not our real crisis
Washington’s self-created “fiscal cliff” crisis has been somewhat resolved, which means we can continue ignoring the real fiscal crises that are dead ahead.
Medicare offers a fine example.
The Medicare mess began in 1965 when Lyndon Baines Johnson continued FDR’s tradition of buying votes with the voters’ own money: That’s when LBJ signed Medicare into law.
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