WASHINGTON, Feb. 26 (UPI) -- U.S. President Barack Obama is creating a $634 billion reserve fund over the next 10 years as a down payment on healthcare reform, but it threatens to have a devastating effect on contributions to American charities.
Obama's plan is well-intentioned. Healthcare reform is long overdue, and Obama, at least in theory, is showing far more concern about how to pay for it while maintaining the credibility of the U.S. government and the federal budget than his predecessor President George W. Bush ever did. However, the new U.S. leader and his top health and financial policymakers risk falling foul of British philosopher Karl Popper's Law of Unintended Consequences.
keyboard shortcuts: V vote up article J next comment K previous comment