You've heard it many times before: The government's long-term budget problem is primarily a health care problem. The cost of Medicare and Medicaid, together, are rising faster than our willingness to pay for them. Something has to give. The question is what. On the op-ed page of today's New York Times, Ezekiel Emanuel and Jeffrey Liebman say the "what" is Medicare. Yes, they want to cut the program.
President Obama’s plan to give a major economic speech after Labor Day means that, finally, Washington is going to have a serious conversation about creating jobs. And it can't come a moment too soon. While Thursday's stock market decline shouldn’t alarm you, the conditions that sparked it should. Of course, whether that conversation on jobs leads to action on jobs is more a question of politics than policy.