Alarmism is setting in about the health reform bill. "Alliances In Health Debate Splinter," says the Washington Post. "House healthcare plan to add to deficit: analysts," says Reuters, echoing earlier stories about Congressional Budget Office Director Douglas Elmendorf's congressional testimony last week that health reform would be a budget-buster. President Obama's approval ratings are slipping, and public approval of his handling of the health care issue has for the first time dropped below 50 percent.
The US is particularly miserable at putting aside money for the future. Should we blame our paychecks or our psychology?