Tag: Elizabeth Warren

Contributor Post Created with Sketch. Unconstitutional Medicare-for-All

 

Senator Elizabeth Warren’s Medicare-for-All (MfA) proposal, which calls for $20.5 trillion in new taxes on everyone but the middle class (ahem), has generated fierce political controversy that threatens to upend the Democratic presidential primary. Economic critiques of her MfA program on the left and the right are a dime a dozen. Yet surprisingly, there has been a stunning silence on the possible constitutional challenges that could be raised against the program. But because other variations of the MfA program may yet be introduced, including one by Senator Bernie Sanders, it is better to think through these issues in advance.

In general, there are two kinds of constitutional objections that that can be raised against any federal program—those based on claims that the program violates federalism, and those concerned with the protection of religious and economic liberties. Dealing with these various issues depends critically on one’s basic approach to constitutional interpretation—whether one adopts a New Deal jurisprudence or a classical liberal one. Under the earlier classical liberal view, all government action was viewed with suspicion. The dominant attitude sought to slow down adventurous legislation. Speaking generally, statutes that strengthened common law interest in property and contract were favored.

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Jim is on vacation but there’s still plenty of fireworks on Thursday’s Three Martini Lunch. Greg is joined by Chad Benson, host of “The Chad Benson Show.” Today, they get a kick out Bill Gates wondering just how much of his money Elizabeth Warren wants and concluding a conversation with Warren might not be worth […]

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Contributor Post Created with Sketch. The Cost of ‘Medicare for All’ Isn’t Just Taxpayers’ Dollars — It’s Also Jobs and Income

 

“Medicare for All” plans, such as those proposed by Bernie Sanders and Elizabeth Warren, qualify as “big structural change,” to use Warren’s phrase. The elimination of private health insurance in favor of “free” government health coverage is certainly change that’s big and structural. Same goes for all the tax increases and the payment of much lower rates to physicians and hospitals.

But those are the known big structural changes, or BSCs — at least the ones mentioned in candidate plans. But what about other BSCs that may be less obvious? Would, say, overriding drug patents affect the type of early-stage development done by biotech firms and funded by venture capital? Undercutting that innovation mechanism would qualify as a BSC.

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Contributor Post Created with Sketch. Warrencare

 

Elizabeth Warren recently rolled out her new “Medicare-for-All” plan with the strong claim that “Health Care Is A Basic Human Right.” She then backed up that claim with a story about how, when she was in middle school, her father had a heart attack and their health care expenditures nearly cost her family its home. From those two observations, she has crafted her massive entitlement system which will, when the dust settles, collapse. It will fail as individuals become unable to receive timely health care, and it will exacerbate the dislocations that plagued the Warren family. Why? Because her two points represent the worst way to think about health care, both on the revenue side and on the expenditure side.

On the first point, the stirring claim that health care is a “right” obscures all references to correlative duties. Under classical legal thought, a right to health care referred to the ability of a person to take his own money and spend it on health care with whatever health care providers that he chose. The correlative duties on the rest of the world were not to fund his care but to stand aside and let those contracts go forward as the parties chose. As in all areas of human endeavors, voluntary transactions normally generate gains for both sides. In health care markets, families and individuals are often unsure what contracts to make or why. But their best cure is to hire agents who can fill their knowledge gap, whether as personal advisors, employers, cooperatives, or religious or social groups.

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Contributor Post Created with Sketch. Warren’s Health Plan, SNL, and Partial Equilibrium Reasoning

 

That Saturday Night Live cold-open about Elizabeth Warren pitching her “Medicare for All” plan to skeptical Iowa voters may seem like an in-kind donation to the Warren campaign. Kate McKinnon’s impression of the Massachusetts senator is both spot-on and compelling.

But there was one way in which the sketch was unfair to Warren. At one point, “Warren” is asked why she claims her plan will cost $20.5 trillion over a decade even though many economists put the cost at 50 percent higher or more. “Warren” then dismisses all these estimates as “pretend,” then adding, “You ready to get red-pilled? Money doesn’t exist!”

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After a surprisingly brief venting about how bad their football teams are, Jim and Greg serve up three good martinis. They welcome New York Times polling showing Warren as the weakest major Democratic candidate against President Trump and an NYT editorial blasting Warren for falsely claiming that only billionaires would see higher taxes in her […]

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Back to the normal format today, but plenty of good Friday fodder awaits. Today, Jim and Greg are happy to see better-than-expected numbers in the October jobs report. They shred Elizabeth Warren’s ludicrous plan to pay for government-run health care, explaining why it’s a fiscal pipe dream and a health policy nightmare for everyone. And […]

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I believe you have to be 1/4 or 1/8 native american to work in a native american casino. Plessy was 1/8 black. More

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Chad Benson, host of “The Chad Benson Show,” borrows Jim’s stool again today. In this episode, Chad and Greg break down the latest Democratic presidential debate. First, they get a kick out of watching Elizabeth Warren squirm out of answering whether she would raise taxes on the middle class to pay for government-run health care […]

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Contributor Post Created with Sketch. Elizabeth Warren, Corporate Bully

 

The fast-shifting winds of American politics have increased the odds that Senator Elizabeth Warren of Massachusetts will be the next Democratic nominee for President of the United States. Joe Biden has been lackluster at best, and his potential conflicts of interest arising from his son’s dealings in both Ukraine and China may well derail his candidacy even before the primary season begins. Bernie Sanders’s heart attack will likely scare voters, and the rest of the pack—Kamala Harris, Pete Buttigieg, Beto O’Rourke, Amy Klobuchar—have failed to connect with the public.

The bad news is that a Warren presidency would be one of the most terrifying prospects ever to hit the American system. Long on confidence but short on judgment, Warren uses her fake professorial air to support proposals that are so dangerous to the nation’s economic welfare that even potential Democratic Wall Street backers are now shying away from her candidacy.

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Jim Geraghty of National Review and Greg Corombos of Radio America get a kick out of watching Facebook founder Mark Zuckerberg and Sen. Elizabeth Warren battle over whether the government ought to break up big tech. With little appetite for Warren’s big government intrusion or Zuckerberg’s pathetic efforts to protect user privacy and free speech, […]

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Jim Geraghty of National Review and Greg Corombos of Radio America take note of how it took less than 48 hours for Democrats to turn the impeachment process into a farce as House Intelligence Committee Chairman Adam Schiff opened Thursday’s hearing with a stunningly twisted version of the transcript documenting the Trump-Zelensky phone call in […]

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Over the last few weeks, I’ve given y’all humorous accounts of my travails with one Inept Government Agency (IGA) after another. From the comments after each post, a lot of you have had similar experiences. There is one very important group of people who cannot say the same: The moral paragons who want to control […]

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. Democratic Debate Wrap-Up: The Race Remains the Same

 

Two hours and forty-eight minutes later, the third Democratic primary debate is finally over. Nothing said Thursday night will significantly impact the race; Biden still leads with Warren and Sanders close behind.

ABC News hosted the latest scrum, filled with more Trump-bashing, tax-raising, and spending, spending, spending. According to party rules, only ten candidates appeared. In addition to the top three, the dais included Booker, Buttigieg, Castro, Harris, Klobuchar, O’Rourke, and Yang.

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Jim Geraghty of National Review and Greg Corombos of Radio America cheer Former Secretary of State Condoleezza Rice for utterly rejecting the suggestion from NBC’s Savannah Guthrie that Russian meddling may have tipped the 2016 election to President Trump – and explaining what really did happen. They also welcome the U.S. Supreme Court siding with […]

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Alexandra DeSanctis of National Review and Greg Corombos of Radio America applaud Alabama legislators for passing a sweeping abortion ban but Alexandra wonders how well it will stand up to legal challenges. They also shake their heads as Beto O’Rourke relaunches his presidential campaign by apologizing for his privilege, calling Stacey Abrams his hero, and […]

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As Massachusetts senator and presidential candidate Elizabeth Warren tries to bribe college students into voting for her with promises of student loan debt forgiveness and free college, the Young Americans draw from their own experiences to discuss Warren’s plan, the student loan debt crisis, and what, if anything, we can do about it. More

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Promoted from the Ricochet Member Feed by Editors Created with Sketch. The I-Word Podcast

 

Welcome friends to the Harvard Lunch Club Political Podcast for April 24, 2019 it is the I-Word edition of the show with your T-Word (“terrific”) hosts Todd Feinburg, radio guy, east coast and Mike Stopa, AI guy, west coast. We are here every week to blast you with the latest news and political commentary that you so deeply need.

This week, the I-Word. Impeachment. Who be fer it and who be agin it? Does Rachel Maddow have any choice really? It matters not a whit what the Mueller report said, Maddow and her like-minded fellow travellers were going to continue to be pro-impeachment no matter what. That’s what happens when you are insulated from empiricism. But how about the legacy media like WaPo or the NYT? And then, how about the Dems, the Reps, the candidates? We will analyze.

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Recommended by Ricochet Members Created with Sketch. Quote of the Day: James Freeman on Reparations for Slavery

 

Last week, in his Wall Street Journal “Best of the Web” newsletter, James Freeman discussed Elizabeth Warren’s call for a “thorough national conversation on Reparations.” Here is what he said:

The basic idea is that the federal government will apportion among the citizens living now the historical guilt for heinous acts committed by people long dead against other people long dead. Then money would flow from people who have not been convicted of any crime to people who have not been found by any court to have been victimized by a crime.

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