Donald Marron points out that another one of those great cost-saving ideas in the healthcare debate (the Independent Medicare Advisory Council) has bitten the dust:

CBO estimates that the proposed legislation would save a paltry $2 billion over the next ten years, less than 1/500 of the 10-year cost of health reform.

Damn that CBO! That keep killing all these great ideas with, like, analysis and numbers and all that stuff. Everything would work out just fine if only they would close their eyes, click their heals together three times, and say, "There is no policy like reform...there is no policy like reform...."

Read the complete post at http://gregmankiw.blogspot.com/2009/07/unicorn-dust-and-pixie-wings.html

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Posted 07-26-2009 2:51 AM by Greg Mankiw's Blog