What we can learn from failures like the CLASS Act

Former U.S. Secretary of Labor Robert Reich has shown just what sort of lunacy lies to the President's left.  Reich weighed in on the Obama administration's decision to terminate the Community Living Assistance Services and Support (CLASS) Act, a program championed by the late Sen. Ted Kennedy intended to provide benefits to Americans with long-term illnesses and disabilities. Due mainly to the program's rich benefits and the requirement that the program had to be self-financing -- achieved by Sen. Judd Gregg of NH with an amendment introduced that now looks very wise -- the program was ultimately deemed fiscally unworkable.  If the program had been implemented, too much would have to be paid out and too little could be collected from enrollees in the form of premiums to make it budget-neutral. To their credit, the President and his administration saw that CLASS was doomed a long time ago.  HHS Secretary Kathleen Sebelius testified in February 2011 before the Finance...(Read Full Post)