I believe government works. The Republican party says government doesn't and shouldn't work unless the discussion is about defense spending.
A year ago it was chaos, it looked as if the economy was going to implode. Like many generations before us we learned the lesson that an unregulated market builds bubbles. On the inflate many get rich off of transaction fees and rising asset values. When the bubble pops the negative feedback loops or vicious cycles are devastating. We saw the transferred devaluations move from housing values to Wall Street securities and from there to all sectors of the economy. Autos, small banks, 401ks, mutual funds, university endowments. It wasn't clear when the wave would stop but we knew something had to change. The government's normal economic tools were used up after too many bubbles and they were wrong in scale for the job. As a last resort the government stepped it up with a once in a lifetime set of moves like TARP and the ARRA also known as the stimulus. Yet 9 months after the stimulus was passed it's critics are fiercely attacking it. They say it's not working, it's wasteful, it should stop.
I don’t know if you’ve been thinking about it, but the costs of long-term care have been on the mind of some friends of mine lately.
For reasons that we won’t go into here, they are in the process of pricing long-term care at care facilities…and yesterday afternoon, we had a chance to have a look at the “menu” of services (the facility's term) that can be purchased at this particular location.
If you are facing this issue in your own family, if you are a taxpayer thinking about how we plan to fund long-term care in the future…or if, one day, you expect to be old yourself…this conversation will surely matter.
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