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Government Spending Could Top $9 Trillion
Chris EdwardsPresident Biden ’s push to spend another $1.9 trillion on economic relief is surreal given that government budgets are vastly ballooned already. Total federal, state, and local government spending soared from $6.8 trillion in 2019 to $8.8 trillion in 2020. That is $68,000 in government spending for every househo ld in the nation.We have already imposed $6 trillion in new debt on future taxpayers in just two years. More spending would be reckless and extremely unfair as young people will have their own costs and crises to deal with down the road. Vaccinate people, repeal shutdown mandates, and the economy wi...
Source: Cato-at-liberty - January 26, 2021 Category: American Health Authors: Chris Edwards Source Type: blogs
Fight Aging! Newsletter, January 18th 2021
In this study, Desferal, deferoxamine mesylate for injection, which is approved for the treatment of acute iron intoxication and chronic iron overload, was used to explore the beneficial effects on preventing aging-induced bone loss and mitigating dysfunction of aged BMSCs. High-dose Desferal significantly prevented bone loss in aged rats. Compared with controls, the ex vivo experiments showed that short-term Desferal administration could promote the potential of BMSC growth and improve the rebalance of osteogenic and adipogenic differentiation, as well as rejuvenate senescent BMSCs and revise the expression of stemness/se...
Source: Fight Aging! - January 17, 2021 Category: Research Authors: Reason Tags: Newsletters Source Type: blogs
State and Local Budgets Are Not in Crisis
Chris EdwardsCongress has provided$2.6 trillion in spending and tax relief in response to the pandemic and economic crisis. As government spending has started to decline, the economy is recovering strongly with GDPrising and business startupssoaring.Nonetheless, the political impulse to spend seems insatiable, and Congress is crafting another huge aid package that will put us further into debt. Policymakers are considering providing further aid for state and local governments, no doubt prompted by off ‐base storiessuch as this one suggesting that states are in dire fiscal straits.Bureau of Economic Analysis data (Tabl...
Source: Cato-at-liberty - December 8, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
Health Care 101 Continued: The allocation problem
We often hear sentiments to the effect that human life is infinitely precious, that you can ' t put a price on human life. While most people probably think this instinctively, it is conservatives, and particularly religious conservatives, who are most likely to try to apply the concept in reality. Do you remember the ravings about " death panels " when the Affordable Care Act passed? Of course there ' s nothing in the ACA that could conceivably be construed that way, but the scary meme was imported from arguments about single payer or, as in the UK, socialized medicine schemes.To put this in the simplest and starkest terms...
Source: Stayin' Alive - October 23, 2020 Category: American Health Source Type: blogs
Biden ’ s Nov 9th speech: “Don’t you force me to pass Medicare 4 All”
By MATTHEW HOLT
The new Supreme Court, in all likelihood including just nominated Justice Amy Coney Barrett, will be hearing the California v Texas suit against the ACA on November 10th, seven days after the election. The lower courts have already ruled the ACA unconstitutional. Some hopeful moderates among my Democratic friends seem to believe that the justices will show cool heads, and not throw out the ACA. But it’s worth remembering that in the NFIB vs. Sebelius decision which confirmed the legitimacy of most of the ACA back in 2011 all the conservative justices with the exception of John Roberts voted to ...
Source: The Health Care Blog - September 27, 2020 Category: Consumer Health News Authors: matthew holt Tags: Featured Health Policy Politics Repeal Replace ACA Biden California v Texas Obamacare Supreme Court Source Type: blogs
Federal Aid Creates Central ‐Planning Power
This study argues that Congress should repeal all federal aid-to-state programs for many reasons, including that aid comes with costly strings attached that destroy local democracy.Richard Epstein and Mario Loyolanoted about aid programs: “When Americans vote in state and local elections, they think they are voting on state and local policies. But often they are just deciding which local officials get to implement the dictates of distant and insulated federal bureaucrats, whom even Congress can’t control.”I came across a table (p. 82) in New Jersey ’s budget that lists the $15 billion the state received in 2020 fro...
Source: Cato-at-liberty - September 4, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
Federal Aid Dwarfs the Fall in State Tax Revenues
Chris EdwardsTheWall Street Journalpublished a news story last week suggesting that public schools face ruin without more federal aid. The story had the hardcopy title, “Schools Warn of Severe Budget Shortfalls,” and the first paragraph said, “academic officials are warning that vast budget shortfalls will further strain their districts unless Democrats and Republicans break their impasse on a new coronavirus‐relief package.”TheWSJ article was essentially an advocacy piece for greater federal intrusion on an activity that is the responsibility of the states. It lacked hard evidence, but there is some solid ...
Source: Cato-at-liberty - September 1, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
Fight Aging! Newsletter, August 24th 2020
We report that electrical stimulation (ES) stimulation of post-stroke aged rats led to an improved functional recovery of spatial long-term memory (T-maze), but not on the rotating pole or the inclined plane, both tests requiring complex sensorimotor skills. Surprisingly, ES had a detrimental effect on the asymmetric sensorimotor deficit.
Histologically, there was a robust increase in the number of doublecortin-positive cells in the dentate gyrus and SVZ of the infarcted hemisphere and the presence of a considerable number of neurons expressing tubulin beta III in the infarcted area. Among the genes that were unique...
Source: Fight Aging! - August 23, 2020 Category: Research Authors: Reason Tags: Newsletters Source Type: blogs
Error and Spin in Wall Street Journal Budget Article
Chris EdwardsTheWall Street Journalhas published a biased news story regarding state budgets. The piece by Kate Davidson and David Harrison reflects only Keynesian thinking, exaggerates the plight of governments, and only quotes analysts in favor of more federal bailouts.Here are some of the problematic aspects of the piece:“State and local governments spent or invested $2.33 trillion in 2019.” That statement is false. The $2.33 figure is the state‐local portion of GDP (BEA Table 1.1.5). But total state ‐local spending and investment in 2019 was $3.1 trillion (BEA Table 3.3).“Michael Strain, director o...
Source: Cato-at-liberty - August 13, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
Redefining Values in American Health Care
By RICHARD HOEHN, MD
Experts claim we could have been better prepared when the COVID-19 pandemic struck in early 2020. With an annual budget of $400-700 million, the Strategic National Stockpile (SNS) is designed to respond to chemical, biological, and other disasters. Its $8 billion inventory included 13,000 ventilators and a limited supply of personal protective equipment, N95 masks, and medical supplies. This left state and local governments scrambling as the COVID-19 pandemic accelerated and the capacity of many hospitals was overwhelmed.
Faced with immediate and visible death and suffering, leaders took drastic...
Source: The Health Care Blog - August 6, 2020 Category: Consumer Health News Authors: Christina Liu Tags: Economics Health Policy Healthcare spending Richard Hoen Source Type: blogs
6 Goal-Directed Strategies to Help Increase Your Resilience
Friedrich Nietzsche’s adage ‘That which does not kill us makes us stronger’ is the idea of rising above adversity in reaching personal development and growth. The challenging part is actually taking the necessary steps to face adversity and rise above it, when life throws a curveball. It is little surprise that resiliency has been linked to greater well-being for a variety of populations, including those of childhood trauma, those in life transitions, and those in team development and skills-building. Yet, developing and increasing our individual resiliency is often avoided or denied because by developing...
Source: World of Psychology - July 27, 2020 Category: Psychiatry & Psychology Authors: Dr. Annie Tanasugarn Tags: Self-Help Mindfulness Resilience Source Type: blogs
We Are in Store for the Greatest Change to Our Health Care System Since the Affordable Care Act. Here ’ s Why.
By LOGAN CHO
The COVID-19 pandemic has been harsher and lasted longer than many of us would have predicted. While our media has been inundated with updates on death tolls and economic depression, there has been little conversation of healthcare beyond the era of COVID-19. The first question that we ask when we hear of deaths: was it COVID? We have grown to expect the primary cause of death to be of coronavirus. But the impact of COVID-19 will extend beyond the individual, effecting fundamental and long-lasting change to our healthcare system.
By this point, it is clear that the public health ramifications are rea...
Source: The Health Care Blog - July 10, 2020 Category: Consumer Health News Authors: Christina Liu Tags: COVID-19 Medicaid Medicare Public Health logan cho Source Type: blogs
We Are in Store for the Greatest Change to Our Healthcare System Since the Affordable Care Act. Here ’ s Why.
By LOGAN CHO
The COVID-19 pandemic has been harsher and lasted longer than many of us would have predicted. While our media has been inundated with updates on death tolls and economic depression, there has been little conversation of healthcare beyond the era of COVID-19. The first question that we ask when we hear of deaths: was it COVID? We have grown to expect the primary cause of death to be of coronavirus. But the impact of COVID-19 will extend beyond the individual, effecting fundamental and long-lasting change to our healthcare system.
By this point, it is clear that the public health ramifications are rea...
Source: The Health Care Blog - July 10, 2020 Category: Consumer Health News Authors: Christina Liu Tags: COVID-19 Medicaid Medicare Public Health logan cho Source Type: blogs
Police Spending Soars at the Federal Level
Chris EdwardsSome protestors are calling for defunding the police in the wake of George Floyd ’s death and other incidents of police misconduct. However, just 16 percent of Americans favor cutting police budgets,notes Emily Ekins. More people favor police department reforms such as better training and increasedaccountability.That said, police budgets should be examined, particularly since policing costs varywidely across the country. Floridians, for example, should be asking why their police services cost twice as much per capita as police services in Indiana.There should also be more focus on federal police spending. Th...
Source: Cato-at-liberty - June 8, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
CDC Failures: Mission Sprawl Is One Problem
Chris EdwardsThe Centers for Disease Control and Prevention (CDC)says that it “has a unique mission—to save lives by deploying effective, proven strategies to prevent, detect, and rapidly respond to disease outbreaks at their source.”But the CDCwas slow to recognize the size of the COVID-19 threat and it fumbled the ball in numerous ways.CDC DirectorRobert Redfieldtweeted January 14 that “there is no confirmed person‐to‐person spread” of the illness, and on January 28 heemailed CDC colleagues that “the virus is not spreading in the U.S. at this time. ”A ProPublicaanalysis found, “Internal Emails...
Source: Cato-at-liberty - May 13, 2020 Category: American Health Authors: Chris Edwards Source Type: blogs
