Featuring Dov S. Zakheim, Senior Advisor, Center for Strategic and International Studies; Mackenzie Eaglen, Resident Fellow at the Marilyn Ware Center for Security Studies, American Enterprise Institute; Todd Harrison, Senior Fellow, Defense Budget Studies, Center for Strategic and Budgetary Assessments; and Christopher A. Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; moderated by Kate Brannen, Senior Reporter, Foreign Policy.
In the new issue of Regulation, economist Pierre Lemieux argues that the recent oil price decline is at least partly the result of increased supply from the extraction of shale oil. The increased supply allows the economy to produce more goods, which benefits some people, if not all of them. Thus, contrary to some commentary in the press, cheaper oil prices cannot harm the economy as a whole.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
Featuring Sen. Judd Gregg (R-NH), Member, Senate Budget Committee, Jagadeesh Gokhale, Cato Institute, and John Holahan, Urban Institute.
Medicaid lacks even a fictional trust fund and an annual trustees’ report so the massive program’s fiscal outlook receives less attention than other entitlements. Yet a new Cato Institute study suggests that Medicaid’s fiscal outlook is every bit as dire as those of Social Security and Medicare. Cato senior fellow Jagadeesh Gokhale estimates that the discounted present value of just federal Medicaid spending over the next 100 years equals $21 trillion. If the federal government continues to match state Medicaid outlays at the current rate, by the year 2106 Medicaid alone will consume 13 percent of GDP — eight times its current share. Gokhale argues that limiting the growth of Medicaid spending is essential to restoring the federal government’s financial health. Please join us for a discussion of Medicaid’s fiscal outlook and Gokhale’s projections by Senator Gregg and John Holahan, leading authorities on Medicaid and the federal budget.