PPIP

DeLong: Either Geithnerism works or we are doomed to apocalypse

Wed, 04/08/2009 - 8:53am — Mandos

Brad DeLong is one of the few liberal(ish) economists willing to stick his neck out and spend his personal credibility as a blogger and academic economist on the bailout plan. For him, apparently, there are only two options: paying off the bankers works, and we are able to dig ourselves out of a Depression, or the Depression falls into apocalypse. However, apparently he's willing to stake his reputation on the former hypothesis:

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Per capita health care spending (2007):

United States: $7290
Switzerland: $4417
France: $3601
United Kingdom: $2992
Average of OECD developed nations: $2964
Italy: $2686
Japan: $2581

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The text of HR676 (Medicare For All) as PDF (30 pages). The FAQ. Compare HR3200 with HR676.

Medicare for All would save $350 billion a year (study in New England Journal of Medicine).

In 2003, a young Illinois state senator named Barack Obama told an AFL-CIO meeting, "I am a proponent of a single-payer universal healthcare program*." -- Bill Moyers.

* Medicare For All.

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