Word: reforming
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...contemporary common wisdom about morality—first, that each person should be free to pursue his desires so long as he does not harm anyone else; second, that such desires cannot be judged inferior to those of someone else. Taken together, these two judgments mean that health-care reform is incompatible with our national moral ethos. Public option or not, finding some way to extend care to the uninsured requires at least some sacrifice by those who are adequately covered under the current system. On an economic level, reform includes inherently sacrificial effort. Welcome or not, redistribution...
...Dodd wants the SEC and FDIC to continue to have the power to dissolve failed banks, while the Administration would give power over big banks to the Federal Reserve. Dodd will also unveil new rules for over-the-counter-derivatives trading, whereas Frank has put off dealing with derivatives reform until next year...
...hard it is for congressional Democrats to pass anything on their own: the bill was nearly brought down by last minute objections from 64 pro-life Democrats who wanted to tighten restrictions to ensure that no federal funding of abortions could possibly occur as a result of the reforms. Likewise, in the Senate, Reid's toughest task in the coming weeks will be to convince moderate Dems to vote for a bill that includes a public alternative to private insurers in order to help keep down costs - a provision that Republicans have criticized as the first step to socialized medicine...
...flimsy attempt at cost-curbing that did little to expand coverage and almost nothing in the way of new protections, such as those for consumers who have pre-existing medical conditions. The risk is at least as great for Republicans. "The small-bore, crabbed and nearly meaningless reform plan they produced in the House after months of nothing but complaining about the Democrats just reinforces the notion that they are a Party of No," said Norm Ornstein, a fellow at the conservative American Enterprise Institute...
...Midterm elections, however, are rarely about the merits of the opposition. Democrats will be ready to trumpet health care reform if it passes, but it's not clear that will be enough to sway voters, who rank jobs and the economy as their most important issues. "Five or 10 years from now, maybe, this bill will seem as a success, who knows?" says Charlie Cook, editor of the nonpartisan Cook Political Report, which tracks congressional races. "But I don't think it will give Democrats a lift next year." Perhaps. But most Democrats aren't eager to see what kind...