Arnold Kling is an economist who worked at the Federal Reserve Board in the 1980s and at Freddie Mac in the 1980s and 1990s. He blogs at Econolog.
But the numbers will probably be good enough to enable President Obama to get re-elected.
If the current system is "unsustainable" how can Obama assure Americans that they can keep the insurance they have?
The truth is the government's plan could very well cause the problem it purports to solve.
How do the bailouts of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association affect us?