Thursday, April 01, 2010

Spend Your Own Money for a Change

So I [Don Boudreaux] challenge you [Mr. Orszag and/or Ms. DeParle] to put your money where your words are. Let’s make a real bet.

Pick any year in the future between 2021 and 2046. Tell me your estimate today of how much Uncle Sam will spend on health care that year. I’ll bet each of you $5,000 that Uncle Sam’s actual expenditures on health care in that year — adjusted for inflation — will be at least 25 percent higher than your estimate.

Posted via email from The Blue Pelican

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