Word: systemically
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...commission to create scary sound bites. It worked. The report analyzed the impact of four narrow features of the Senate Finance bill using a worst-case-scenario model; it concluded, as Ignagni says, that "health care costs [would] increase far faster and higher than they would under the current system." A fairer reading of the bill, which cleared the Finance Committee on Oct. 13 with a 14-9 vote, with one Republican supporter, suggests these projected costs are wildly exaggerated. Other provisions of the bill are aimed at lowering insurance rates. But the legislation has not yet been fully analyzed...
Canada also presented his vision of an improved educational system, which includes a longer school year, an expectation that all students will attend college, and, most of all, a greater degree of accountability on the part of adults involved in education process...
However, the policy is ultimately little more than a symbolic gesture and a Band-Aid fix to a problem that is in dire need of a suture. Simply cutting the pay of executives does little to address the systemic problems that helped give rise to the financial crisis. The Obama administration now has a unique opportunity to capitalize on populist discontent with policies that correct the lax regulatory regime that helped enable the financial meltdown. Real change to the current system, which incentivizes unnecessary risk-taking and corporate irresponsibility, cannot be replaced with simply cutting executive pay. The recent cuts...
...image of being tough on corporate excess. But they do not represent a long-term solution to a potentially recurring problem. Without long-term and thoughtful policy supporting these pay cuts, what’s past will likely be prologue. There are real and persistent problems in the current system, and if the current administration is genuinely interested in securing America against economic declines of this magnitude in the future, it must engage the problem with long-term regulatory focus in mind...
...trouble getting used to them as a team,” Durwood said. “They kept attacking our middle back, and that was hard for us to defend with our system...I definitely think we will adjust our defensive systems before we play them next time...