http://fullcomment.nationalpost.com/2011/06/11/conrad-black-why-america-is-suffering/Guess prison has softened his neocon attitude:
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There must be an emphasis on cheap and plentiful natural gas, more nuclear (with maximum safety standards), more off-shore drilling (with maximum environmental-protection arrangements), and higher gasoline taxes to raise revenues and restrain use.
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merican health care, the best in the world for three quarters of the population, costs $4,000 per capita more than in other advanced, prosperous democracies (all of which, unlike the United States, extend full coverage to the whole population). The American problem has been that 70% of the people had splendid health care plans that were entirely paid for by their employers, and were not considered taxable benefits. Most of the rest of the population fell into the government plans for people of reduced means, or the basic service for the indigent. Any reform would require more free service from doctors and paramedics, lower costs from the pharmaceutical companies, a cap on malpractice awards to reduce legal costs, and full competition in the health-insurance business.
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As I have been writing here and elsewhere ad nauseam, the U.S. government should have cut income taxes to stimulate growth, raised consumption and transaction taxes to cut the budgetary and current account deficits, and reverted to New Deal or Eisenhower highway projects to reduce unemployment while rebuilding the decrepit infrastructure of America. There is no prospect of any of this either, just the approaching tornado of stagflation.
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