Medicare Provider Charge Data – Centers for Medicare & Medicaid Services.
The spreadsheet comparing hospital’s costs.
Medicare Provider Charge Data – Centers for Medicare & Medicaid Services.
The spreadsheet comparing hospital’s costs.
“In normal times, an arithmetic mistake in an economics paper would be a complete nonevent as far as the wider world was concerned. But in April 2013, the discovery of such a mistake—actually, a coding error in a spreadsheet, coupled with several other flaws in the analysis—not only became the talk of the economics profession, but made headlines. Looking back, we might even conclude that it changed the course of policy.”
via How the Case for Austerity Has Crumbled by Paul Krugman | The New York Review of Books.
Wealth Inequality in America – YouTube.
The top 1% own 40% of the nation’s wealth and earn 24% of the nation’s income. Â The bottom 80% of Americans own only 7% of the nation’s wealth.
Republicans claim that Obama is a big spender. Â It’s not true.
Why Government Spending Is Not Out of Control.
It is a standard talking point of Republicans and deficit hawks of all political stripes that federal spending is out of control; that major surgery is needed, especially on entitlement programs such as Social Security and Medicare, to get the budget on a sustainable course.
In fact, our long-term deficit situation is not nearly as severe as even many budget experts believe. The problem is that they are looking at recent history and near-term projections that are overly impacted by one-time factors related to the economic crisis and massive Republican tax cuts that lowered revenues far below normal.
Taking a longer-term view, such as that in a recent Treasury Department report, shows that our longer-term fiscal problem is in fact quite manageable.
As the chart below illustrates, federal spending ballooned in fiscal year 2009 mainly because of what economists call “automatic stabilizers†– programs already in law such as unemployment compensation that rises whenever a recession occurs. Spending rose from 20.7 percent of the gross domestic product in fiscal year 2008 to 25 percent in 2009.
Republicans would have us believe that all of this resulted from Barack Obama’s policies, but this is simply a partisan lie. Fiscal year 2009 actually began on September 1, 2008, and was based on the budget that George W. Bush submitted in January 2008.
Moreover, if we look at projections from the Congressional Budget Office on January 7, 2009 – while Bush was still in office and which do not incorporate any Obama policies – we see that the deficit was projected to rise from $455 billion in 2008 to $1.2 trillion in 2009 under existing law.
The actual deficit for fiscal year 2009 was $1.55 trillion. But the difference was due entirely to lower revenues than expected, not higher spending. Outlays in fiscal year 2009 actually came in below CBO’s projection – $3,518 billion actual vs. a projection of $3,543 billion.
The point is not to assess blame for the deficit; only to emphasize the temporary nature of the historically large deficits of the last few years and show that they did not result from an explosion of new spending initiated by Obama….
Getting back to the chart, we see that spending for every single government program going forward is remarkably stable as a percentage of GDP. Those who complain loudest about spending and deficits nearly always base their concerns on projections of nominal spending that are unadjusted for inflation, growth of the population or growth of the economy. This is intellectually dishonest.
In fact, virtually all the growth in projected spending comes not from entitlements or giveaways to the poor and lazy, as Republicans would have us believe, but rather from interest on the debt. This is a problem, but not nearly to the extent that it appears.
The reason is that interest on the debt is what economists call a pure transfer. Economically, it is little different from taking money out of your right pocket and putting it into your left pocket. That is because the vast bulk of interest goes to people and institutions who simply use it to buy more Treasury securities.
…
Of course, we no longer owe the debt all to ourselves; about half of the publicly-held national debt is owned by foreigners, but most of that is held by central banks that will hold it pretty much forever. Nevertheless, there is still a fundamental economic difference between a debt arising from higher government spending on goods and services and one arising from higher interest expense.
When government buys stuff or employs workers, they are not available for use by the private sector….Under current circumstances, however, when GDP is far below its potential and unemployment is high, government spending on goods and services is not displacing private use, but rather putting otherwise idle resources to good use.
…
In conclusion, it is silly to obsess about near-term nominal budget deficits. What matters is the deficit as a share of GDP minus interest spending, which economists call the primary deficit. On that basis, we are much closer to fiscal sustainability than even most economists realize. Relatively small adjustments to the growth path of federal revenues and Medicare would be sufficient to eliminate the primary deficit. Taking a meat ax to every federal program, as Republicans demand, is neither necessary nor desirable.
Read more at http://www.thefiscaltimes.com/Columns/2013/01/25/Why-Government-Spending-Is-Not-Out-of-Control.aspx#KFevzlh1WzHgpsL4.99Â
For the record, no one has been more correct in his analysis and prescriptions for the economy’s problems than Paul Krugman.
via Revenge of the Reality-Based Community | The American Conservative.
And now for something completely different…
This is a fascinating web site — one that I found when looking for the book “The Killing Star” by Charles Pellegrino and George Zebrowski.  The web site discusses space travel, aliens (vastly more realistic discussion than say, Star Trek) and many (most?) other themes explored in science fiction.
I’ve read “The Killing Star”, but seem to have lost my copy and now can’t find another. Â Here is a quote from the book that is the reason it is so fixed in my mind:
“The great silence (i.e. absence of SETI signals from alien civilizations) is perhaps the strongest indicator of all that high relativistic velocities are attainable and that everybody out there knows it.
“The sobering truth is that relativistic civilizations are a potential nightmare to anyone living within range of them. The problem is that objects traveling at an appreciable fraction of light speed are never where you see them when you see them (i.e., light-speed lag). Relativistic rockets, if their owners turn out to be less than benevolent, are both totally unstoppable and totally destructive. A starship weighing in at 1,500 tons (approximately the weight of a fully fueled space shuttle sitting on the launchpad) impacting an earthlike planet at “only” 30 percent of lightspeed will release 1.5 million megatons of energy — an explosive force equivalent to 150 times today’s global nuclear arsenal… (ed note: this means the freaking thing has about nine hundred mega-Ricks of damage!)
I’m not going to talk about ideas. I’m going to talk about reality. It will probably not be good for us ever to build and fire up an antimatter engine. According to Powell, given the proper detecting devices, a Valkyrie engine burn could be seen out to a radius of several light-years and may draw us into a game we’d rather not play, a game in which, if we appear to be even the vaguest threat to another civilization and if the resources are available to eliminate us, then it is logical to do so.
The game plan is, in its simplest terms, the relativistic inverse to the golden rule: “Do unto the other fellow as he would do unto you and do it first.”…
When we put our heads together and tried to list everything we could say with certainty about other civilizations, without having actually met them, all that we knew boiled down to three simple laws of alien behavior:
…
Your thinking still seems a bit narrow. Consider several broadening ideas:
I agree with most parts of points 2, 3, and 4. As for point 1, it is cheaper than you think. You mention self-replicating machines in point 3, and while it is true that relativistic rockets require planetary power supplies, it is also true that we can power the whole Earth with a field of solar cells adding up to barely more than 200-by-200 kilometers, drawn out into a narrow band around the Moon’s equator. Self-replicating robots could accomplish this task with only the cost of developing the first twenty or thirty machines. And once we’re powering the Earth practically free of charge, why not let the robots keep building panels on the Lunar far side? Add a few self-replicating linear accelerator-building factories, and plug the accelerators into the panels, and you could produce enough anti-hydrogen to launch a starship every year. But why stop at the Moon? Have you looked at Mercury lately? …
Dr. Wells has obviously bought into the view of a friendly galaxy. This view is based upon the argument that unless we humans conquer our self-destructive warlike tendencies, we will wipe out our species and no longer be a threat to extrasolar civilizations. All well and good up to this point.
But then these optimists make the jump: If we are wise enough to survive and not wipe ourselves out, we will be peaceful — so peaceful that we will not wipe anybody else out, and as we are below on Earth, so other people will be above.
This is a non sequitur, because there is no guarantee that one follows the other, and for a very important reason:“They” are not part of our species.
Before we proceed any further, try the following thought experiment: watch the films Platoon and Aliens together and ask yourself if the plot lines don’t quickly blur and become indistinguishable. You’ll recall that in Vietnam, American troops were taught to regard the enemy as “Charlie” or “Gook,” dehumanizing words that made “them” easier to kill. In like manner, the British, Spanish, and French conquests of the discovery period were made easier by declaring dark- or red- or yellow-skinned people as something less than human, as a godless, faceless “them,” as literally another species.
Presumably there is some sort of inhibition against killing another member of our own species, because we have to work to overcome it…
But the rules do not apply to other species. Both humans and wolves lack inhibitions against killing chickens.
Humans kill other species all the time, even those with which we share the common bond of high intelligence. As you read this, hundreds of dolphins are being killed by tuna fishermen and drift netters. The killing goes on and on, and dolphins are not even a threat to us.
As near as we can tell, there is no inhibition against killing another species simply because it displays a high intelligence. So, as much as we love him, Carl Sagan’s theory that if a species makes it to the top and does not blow itself apart, then it will be nice to other intelligent species is probably wrong. Once you admit interstellar species will not necessarily be nice to one another simply by virtue of having survived, then you open up this whole nightmare of relativistic civilizations exterminating one another.
It’s an entirely new situation, emerging from the physical possibilities that will face any species that can overcome the natural interstellar quarantine of its solar system. The choices seem unforgiving, and the mind struggles to imagine circumstances under which an interstellar species might make contact without triggering the realization that it can’t afford to be proven wrong in its fears.
Got that? We can’t afford to wait to be proven wrong.
They won’t come to get our resources or our knowledge or our women or even because they’re just mean and want power over us. They’ll come to destroy us to insure their survival, even if we’re no apparent threat, because species death is just too much to risk, however remote the risk…
The most humbling feature of the relativistic bomb is that even if you happen to see it coming, its exact motion and position can never be determined; and given a technology even a hundred orders of magnitude above our own, you cannot hope to intercept one of these weapons. It often happens, in these discussions, that an expression from the old west arises: “God made some men bigger and stronger than others, but Mr. Colt made all men equal.” Variations on Mr. Colt’s weapon are still popular today, even in a society that possesses hydrogen bombs. Similarly, no matter how advanced civilizations grow, the relativistic bomb is not likely to go away…
We ask that you try just one more thought experiment. Imagine yourself taking a stroll through Manhattan, somewhere north of 68th street, deep inside Central Park, late at night. It would be nice to meet someone friendly, but you know that the park is dangerous at night. That’s when the monsters come out. There’s always a strong undercurrent of drug dealings, muggings, and occasional homicides.
It is not easy to distinguish the good guys from the bad guys. They dress alike, and the weapons are concealed. The only difference is intent, and you can’t read minds.
Stay in the dark long enough and you may hear an occasional distance shriek or blunder across a body.
How do you survive the night? The last thing you want to do is shout, “I’m here!” The next to last thing you want to do is reply to someone who shouts, “I’m a friend!”
What you would like to do is find a policeman, or get out of the park. But you don’t want to make noise or move towards a light where you might be spotted, and it is difficult to find either a policeman or your way out without making yourself known. Your safest option is to hunker down and wait for daylight, then safely walk out.
There are, of course, a few obvious differences between Central Park and the universe.
There is no policeman.
There is no way out.”
And the night never ends.
Bill Seney points out a slight flaw in the above argument:
“Attacking with relativistic rockets may be a good idea if there are only two technological species, but if there are two then it seems to me that it is likely there will be more. Using a relativistic rocket to destroy a planet will reveal your position AND
indicate that you are hostile to any possible third race that is out there.
To extend the Central Park analogy, the muzzle flash when you fire off your gun reveals your position and identifies that you are hostile to anyone else out there.”
Go to this page for a more complete discussion.
The single best graph on what’s driving our deficits.
“That’s all of the federal government’s spending in three graphs. The top graph is health care, including Medicare, Medicaid and the Affordable Care Act. The middle graph is Social Security. And then there’s literally everything else: Defense, education, infrastructure, food safety, R&D, farm subsidies, the FBI, etc.
What these three charts tell you is simple: It’s all about health care. Spending on Social Security is expected to rise, but not particularly quickly. Spending on everything else is actually falling. It’s health care that contains most all of our future deficit problems. And the situation is even worse than it looks on this graph: Private health spending is racing upwards even faster than public health spending, so the problem the federal government is showing in its budget projections is mirrored on the budgets of every family and business that purchases health insurance.
These graphs are built atop what’s called “the current policy†baseline. The current policy baseline assumes nothing changes. We don’t pass any new laws. We don’t follow through on the hard parts — like the cost controls in the Affordable Care Act — of any of the laws we’ve already passed. We don’t raise taxes.
That won’t work for very long. Page 9 of the report includes this remarkable statistic: If we just continue on the way we’re going, then “spending for Social Security, Medicare, other major health programs, defense, and interest payments†will “nearly equal all of the government’s revenues in 2020 and would exceed them from 2022 onward — leaving no revenues to cover any other federal activities, such as income security programs, retirement benefits for federal civilian and military employees, transportation, research, education, law enforcement, and many other programs.â€
So we need to get health-care costs down. But because we can only do that so quickly, we’re also going to need to get taxes up.”