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Belmont Club

Now You See It, Now You Don’t

April 27th, 2010 - 6:56 pm

That was then.

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This is now. As it turns out, decisions are now going to be made by a government appointed board whose rulings can’t be overturned unless both Congress and the President agree. Listen to the Orszag at the video at the link.

I like the part where Orszag claims this was all made clear up front. Ed Morrissey writes:

If anything, Orszag might be underestimating the difficulty in changing the IPAB’s decisions on rationing. The bill required a supermajority of 67 votes in the Senate to override the IPAB, which made Jim DeMint irate and prompted a big “I told you so” from Sarah Palin.

If Orszag’s remarks make any sense at all, then they suggest that IPAB is going to provide a brake against the “quantity” that can no longer be afforded. That sounds like they will be allocating less than will in the nature of things be demanded. Is this “rationing”? Well it all depends on what “is” is. Certainly it is a form of resource allocation and one that has all the hallmarks of finality.


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