As Washington struggles to tackle the nation’s debt, policymakers on both sides of the aisle have begun to acknowledge that the current course of the country’s Medicare and Medicaid programs—long thought of as the third rail of American politics—is unsustainable. Mark McClellan, director of the Engelberg Center for Health Care Reform, explains how gradual changes to Medicare and Medicaid today will prevent more painful and radical changes tomorrow.
Sentiment inside the Beltway has turned sharply against China. There are many issues where the two parties sound more or less the same. Trump and others in the administration seem heavily invested in a ‘get very tough with China’ stance. It’s possible that some Democrats might argue that a decoupling strategy borders on lunacy. But if Trump believes this will play well with his core constituencies as his reelection campaign moves into high gear, he will probably decide to stick with it, if the costs and the collateral damage seem manageable. But that’s a very big if, especially if the downsides of a protracted trade war for both American consumers and for American firms become increasingly apparent.