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There's much debate over proposed health-care reforms. Is Obama on the right track? The trouble with Obama's plan is that he has no concept of the cost that he will be imposing on the economy if his program is actually enacted. He's spending money with the stimulus program - all kinds of programs - and he's always able to give excuses on why the money should be spent. Yet despite all of his rhetoric, Obama isn't really taking care of the budget ... I don't think the government's job is to provide health care...

Author: /time Magazine | Title: Advice from an Economist Who Saw 1929 | 7/9/2009 | See Source »

...cost: The cost of traffic congestion hit $87.2 billion in wasted fuel and lost productivity, or $750 per traveler. By contrast, the cost of congestion in 1982 was only $16.7 billion, adjusted for inflation, or $290 per person...

Author: /time Magazine | Title: America: Still Stuck in Traffic | 7/9/2009 | See Source »

...year or more; 7 out of 10 said no. The Finance Committee had been hoping that taxing plans that are more generous than average could raise more than $300 billion over the next 10 years. Now it is considering a higher threshold for taxation - say, for plans that cost in excess of $25,000 a year. That would mean far fewer Americans would have to pay that tax, but it would raise less than one-third the revenue. Another idea, being floated by former Senate majority leader Tom Daschle, would be to limit instead the deduction that companies could claim...

Author: /time Magazine | Title: Can Democrats Pass Health-Care Reform on Their Own? | 7/9/2009 | See Source »

...comes at such great cost," she tells TIME. "The distraction. The waste of time and money, public's time and money." She decided that "it's insane to continue down this road. And Alaskans who have paid attention to what's going on, they understand that." But what she sees as distractions, many voters see as the gauntlet of public life; that if you can't take the heat, don't go into the public sauna. She asserts that if people were shocked by her decision, it was because the media haven't covered the real story. "We have...

Author: /time Magazine | Title: The Outsider: Where Is Sarah Palin Going Next? | 7/9/2009 | See Source »

...platform issues now are universal health care and your favorite issue, energy, his global-warming plan. What do you think of his positions on both? His cap-and-trade agenda is a cap-and-tax agenda, and it's going to drive the cost of consumer goods and the cost of energy so extremely high that our nation is going to start exporting even more jobs to China and to other countries that do not have the corporate tax or the equivalent of the corporate tax that the cap-and-trade - I call it cap-and-tax - agenda is going...

Author: /time Magazine | Title: TIME's Interview with Sarah Palin: 'It's All for Alaska' | 7/8/2009 | See Source »

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