There’s the part where you say it, and there’s the part where you take it back…

From the Wall Street Journal (16 May 2011).

Gingrich Blasts House GOP’s Medicare Plan

White House hopeful Newt Gingrich called the House Republican plan for Medicare[1] right-wing social engineering, injecting a discordant GOP voice into the party’s efforts to reshape both entitlements and the broader budget debate.

In the same interview Sunday, on NBC’s Meet the Press, Mr. Gingrich backed a requirement that all Americans buy health insurance….

— Laura Eckler, Gingrich Blasts House GOP’s Medicare Plan in the Wall Street Journal, 16 May 2011

Just a reminder: There’s No Right Way to Manage a Subsidy. And no right way to manage a captive market, either.

  1. [1][Phasing out Medicare over the next 10 years in favor of a government subsidy for retirees to buy special government-regulated corporate health insurance plans for old people. –R.G.]

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