Word: reformations
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...that they disagreed with his premise that health-care costs are out of control or that energy independence is desirable or that better schools are important to the future of the economy. It was the real-world knowledge that financial calamity has not magically transformed our slow-moving, reform-resistant, cantankerous government into a peaceful, streamlined, problem-tackling machine. Every one of Obama's reforms will mean bigger political fights, consume more intellectual bandwidth and require more bravery from politicians than Washington has witnessed anytime in the past 15 years...
...tighter controls on spending and greater transparency in execution, Obama set himself up to let people down. Consider Orszag's March 10 trip to Capitol Hill to testify before the Senate Finance Committee. Senators are intrigued by Obama's proposed 10-year, $634 billion "down payment" on health-care reform, but Orszag pointedly avoided going into detail. "You will not be receiving definitive answers from me on exactly what the Administration does or does not favor on the benefits-and-coverage side of health reform," he told the panel. This may be a good way to get a bill through...
...oooh, is the Market cranky at Obama! The Market doesn't like raising taxes on the wealthy (even if Buffett does). The Market doesn't like government health-care reform or cap-and-trade environmental policy or big budgets or limiting bonuses at bailed-out banks. And don't get the Market started on bank nationalization. That ticks the Market...
...economic recovery. Ozawa argues that only if families feel that their basic needs have been taken care of - needs like health care and provision for retirement - will they go out and spend money on new cars and clothes. There's a lesson for the U.S. there too. Health-care reform in the States isn't just an egalitarian goal; it's also a way of providing confidence so that families feel able to go out and enjoy themselves again...
...past 20 years." But Ozawa recognizes that to encourage the Japanese to shop rather than stash their cash in safety-deposit boxes, something more than exhortation is needed. "We have to give a sense of security to the population," he says. That implies, given the demographic challenge, real reform of health care and retirement benefits. Even the younger generation, Ozawa says, are "worried that they will not be entitled to any pension benefits." Koll reinforces the point. "Anything that you can do to assure the Japanese people that their retirement future is provided for," he says, "is going...