10 August 2009

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10 August 2009

Today’s Tabbloid PERSONAL NEWS FOR [email protected]

FISCALLY CONSERVATIVE BLOG FEEDS

• Share of members with a background in politics (meaning a prior elected office or a prior job working for a politician): Canada 9% vs. U.S. 71%

Government-Run Health Care Will Cost Much More than the Politicians Are Telling Us [Cato at Liberty]

Perhaps this explains why Canada’s economic policies have been far superior to U.S. policies in recent years.

AUG 09, 2009 10:12A.M.

FISCALLY CONSERVATIVE BLOG FEEDS

Cuba Is Running Out of Toilet Paper [The Club for Growth]

As my Cato colleague Chris Edwards has documented, government programs and contracts inevitably cost much more than first projected. This pattern of inaccuracy exists for several reasons, one of which is that politicians have an incentive to lowball cost figures. But a big reason for the mistaken numbers is that government budget estimators do not understand the degree to which people will alter their behavior to get their hands on other people’s money.

AUG 08, 2009 04:09P.M. Hey, Cuba, how’s the communism thing working out for you? From Yahoo:

I explained recently on Fox Business Network that this means any government-run health care scheme will be much more expensive than we are being told today.

Cuba, in the grip of a serious economic crisis, is running short of toilet paper and may not get sufficient supplies until the end of the year, officials with state-run companies said on Friday. Officials said they were lowering the prices of 24 basic goods to help Cubans get through the difficulties provoked in part by the global financial crisis and three destructive hurricanes that struck the island last year.

Our friends at Reason TV address this issue in a very compelling threeminute video that looks at how government programs — especially for health care — have cost several times more than politicians claimed when the legislation was first adopted.

Cuba’s financial reserves have been depleted by increased spending for imports and reduced export income, which has forced the communist-led government to take extraordinary FISCALLY CONSERVATIVE BLOG FEEDS

measures to keep the economy afloat.

Politicians and Economic Policy [Cato at Liberty] AUG 08, 2009 10:55P.M. A recent study compared the members of the lower house in the Canadian legislature to the members of the U.S. House of Representatives. The findings reveal large differences between the two nations in the backgrounds of their federal politicians. • Share of members with a business or private sector background: Canada 61% vs. U.S. 17%

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