While many people dismiss insights from public choice, what's striking is its casual acceptance in conversation and discussion.
Keith Hennessey posted today about the odds on various things happening with the Senate's and House of Representatives' proposed tax increases, aka, health care "reform."
Here are two particularly interesting passages. First one:
Congressional Democrats appear to believe that enactment of a comprehensive law is critical to their re-election. Most seem to believe that a White House signing ceremony is more important than the contents of the bill that becomes law.
In other words, what matters to them is that they do what's necessary to get reelected regardless of the contents.
The bills being developed would increase private health insurance premiums for most and bend the private cost curves up, but you don't hear the White House protesting. It's easier to get a bill when you don't care too much what's in it.