Sunday, May 15, 2005

The Anti-Midas Touch

Brad DeLong, in his recent Senate testimony:
And let me end with point five: competence in implementation. A Social Security reform plan could clear hurdles one through four, and still fall flat on its face if incompetently implemented: the devil is in the details. And looking at the farm bill, the steel tariff, the return of deficits bigger than ever, the use of intelligence by the NSC, the absence of a real plan for post-invasion Iraq, the Medicare drug bill that ex-HHS Secretary Thompson now really wishes had been structured differently, et cetera, et cetera, it is hard to believe that any reform to be implemented by this administration will be implemented competently. It has the anti-Midas touch: whatever it grasps turns to mud.

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