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Did you know that all of the growth in federal spending as a percentage of the national income is due to the growth of "uncontrollables"? In this interview, we discuss the following: ►What are "uncontrollables"? Why are they 'mandatory'? ►What are entitlements? How are they treated differently than discretionary budget spending? ►What was the Budget Resolution Process that was introduced in the 1970s? ►How did Pres. Cleveland, Roosevelt (FDR), Reagan and Clinton control government budget? ►Which president reduced our entitlement programs the most? ►What was FDR's biggest mistake, the consequences of which still impacts us? ►What are the 3 requirements for reducing the budget deficit? ►How would my guest advise a U.S. president in reducing our budget deficit?
Art Bell - John Cogan - The New Order of Man's History
Ep411-Art Bell-John Cogan-The New Order of Man's History
We are happy to welcome John Cogan, a Senior Fellow at the Hoover Institution, to The Hamilton Review Podcast! In this conversation, John and Dr. Bob talk about the national debt crisis impacting our country. Don't miss this important discussion! John F. Cogan is the Leonard and Shirley Ely Senior Fellow at the Hoover Institution. His research is focused on U.S. budget and fiscal policy, federal entitlement programs, and health care. He has published widely in professional journals in both economics and political science. His book, The High Cost of Good Intentions (2017) is the recipient of the 2018 Hayek Prize. The book traces the history of U.S. federal entitlement programs from the Revolutionary War to modern times. His previous books include Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System, coauthored with Glenn Hubbard and Daniel Kessler, and The Budget Puzzle, (with Timothy Muris and Allen Schick). At Stanford, he was faculty member in the Public Policy program and a senior fellow at the Stanford Institute for Economic Policy Research (SIEPR). He also served on the faculty advisory boards for the Stanford-in-Washington campus and the Stanford Institute for Economic Policy Research. He is a recipient of the Stanford-in-Government's Distinguished Service Award and the Stanford Review's Best Undergraduate Teaching Award. Cogan has devoted a considerable part of his career to public service. He served under President Ronald Reagan as assistant secretary for policy in the U.S. Department of Labor from 1981 to 1983, as associate director in the U.S. Office of Management and Budget (OMB) from 1983 to 1985, and as Deputy (OMB) Director in 1988-89. His responsibilities included developing and reviewing Reagan Administration policies in the areas of health care, Social Security, disability, welfare, and employment training. Cogan has served on numerous congressional, presidential, and California state advisory commissions. At the federal level, he has served on President George W. Bush's Commission to Strengthen Social Security, the U.S. Bipartisan Commission on Health Care (the Pepper Commission), the Social Security Notch Commission, the National Academy of Sciences' Panel on Poverty and Family Assistance, and the Congressional Budget Office's Board of Economic Advisors. At the state level, he has served on the California State Commission on the 21st Century Economy and the California Public Employee Post-Employment Benefits Commission. Cogan has also served on numerous boards of directors: Gilead Sciences Inc as its Lead Independent Director, the Charles Schwab Family of Funds as the Chairman of its Governance Committee, Venture Lending and Leasing Inc., Monaco Coach Corp, and Sacred Heart Schools in Atherton CA. Cogan received his A.B. in 1969 and his Ph.D. in 1976 from the University of California at Los Angeles, both in economics. He received his M.A. in Economics from California State University at Long Beach in 1970. He was an associate economist at the RAND Corporation from 1975 to 1980. In 1979, Cogan was appointed a national fellow at the Hoover Institution; in 1980 he was appointed a senior research fellow; and in 1984 he became a senior fellow. How to contact Dr. Bob: Dr. Bob on YouTube: https://www.youtube.com/channel/UChztMVtPCLJkiXvv7H5tpDQ Dr. Bob on Instagram: https://www.instagram.com/drroberthamilton/ Dr. Bob on Facebook: https://www.facebook.com/bob.hamilton
John Cogan and Kevin Warsh are both Senior Fellows at the Hoover Institution who have spent the careers in and out of government trying to make it more efficient and cost effective. On this show, they discuss their newest white paper, Reinvigorating Economic Governance: Advancing a New Framework for American Prosperity, which is intended to provide a framework to revitalize the governance of economic policy based on our nation's foundational system of natural liberty. In addition, they also discuss why liberating the power of the individual, and encouraging the promulgation and dissemination of new ideas, and ensure the fidelity of institutions to their mission, then the United States should significantly improve its economic performance and serve as a more formidable force in the world.
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2002-07-08 - Coast to Coast AM with Art Bell - John Cogan - The New Order of Man's History
Recorded on April 18, 2019 Peter Robinson opens the session by discussing the major improvements that happened over the last one hundred years in the United States, between 1919 and 2019. For example, the GDP per person rose by 760 percent, life expectancy improved from 59 to 79 years, and various other automotive, technological, medical, and quality-of-life advances were achieved. Robinson then starts the discussion with former secretary of state George Shultz, who encourages a broader vision as we look for the reasons for prosperity. Shultz discusses some of the major events that occurred during the 20th century, e.g., the Great Depression, currency manipulation, World War II, and the Holocaust, whose negative impacts framed the mindset of Americans to question the institutions underlying society. Robinson then asks John Cogan about these institutions—private property, the rule of law, free markets—and the importance of these for prosperity. Cogan explains those institutions are necessary for sustained prosperity, which demands conditions that are stable in order to fuel economic growth. Robinson asks Terry Anderson about the importance of property rights. Terry says that property rights are the key to providing people with incentives to care for and maintain the property they own. Anderson notes that nobody washes rental cars, because they don’t own them. Robinson asks Lee Ohanian about the role of immigration in prosperity. Ohanian says that the United States has been fortunate in attracting the best talents from all over the world, which has played a major role in sustaining prosperity. Ohanian notes that having an inflow of immigrants like Sergey Brin from Soviet Union, Elon Musk from South Africa, and others has helped the United States stay on the cutting edge of innovation with new and fresh ideas.
John Cogan of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about Cogan's book, The High Cost of Good Intentions, a history of U.S. entitlement policy. Cogan traces the evolution of government pensions beginning with Revolutionary War vets to the birth and evolution of the Social Security program. Surprises along the way include President Franklin Roosevelt as fiscal conservative and the hard-to-believe but true fact that there is still one person receiving monthly checks from the Civil War veterans pension program. The conversation concludes with Cogan's concerns over the growing costs of financing social security payments to baby boomers.
Recorded on October 24, 2017 How old are entitlement programs in the United States? Entitlement programs are as old as the Republic, according to John Cogan, former deputy director of the US Office of Management and Budget (OMB) and a Hoover Institution senior fellow. Cogan joins Peter Robinson to discuss his latest book, The High Cost of Good Intentions,on the necessity for entitlement reform in the United States. Currently there are a bevy of entitlement programs in the United States, each costing a large percentage of the federal budget each year. These programs are open-ended and hard to estimate into the budget because people with the average number of benefits vary greatly from year to year. These programs have become complex and bloated over the many years since they’ve been instated and are in dire need of reform. According to John Cogan, entitlement programs such as pensions, Medicaid, and Social Security have been a part of US history since the Revolutionary War when Congress first created pensions for all the soldiers who had served the Republic during the war. Congress then went on to expand entitlement programs after the Civil War to include soldiers who had fought in the war. Entitlements remained restricted to only those who had served the Republic until the New Deal when entitlements were extended to all citizens above a certain age (Social Security). This was the first time that entitlements were given to citizens who had not served. This was also the first time that entitlements were granted to everyone until the end of time. Additional Resources • Blueprint for America: Entitlements and the Budget • Pension Pursuit • The High Cost of Good Intentions: A History of US Federal Entitlement Programs • America the Fixer Upper • Finding the Money for America the Fixer Upper About John Cogan John Cogan is the Leonard and Shirley Ely Senior Fellow at the Hoover Institution and a faculty member in the Public Policy Program at Stanford University. Cogan is an expert in domestic policy. His current research is focused on US budget and fiscal policy, federal entitlement programs, and health care. He has published widely in professional journals in both economics and political science. His latest book, The High Cost of Good Intentions: A History of US Federal Entitlement Programs was published in September 2017. The book traces the history of US federal entitlement programs from the Revolutionary War to modern times. His previous books include Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System, coauthored with Glenn Hubbard and Daniel Kessler, and The Budget Puzzle (with Timothy Muris and Allen Schick). Cogan has devoted a considerable part of his career to public service. He served as assistant secretary for policy in the US Department of Labor from 1981 to 1983. From 1983 to 1985 he served as associate director in the US Office of Management and Budget (OMB) and was appointed deputy director in 1988. His responsibilities included developing and reviewing all health, housing, education, and employment training programs and policies. Cogan has served on numerous congressional, presidential, and California state advisory commissions. He served on the California State Commission on the 21st Century Economy and the California Public Employee Post-Employment Benefits Commission. He has served on President George W. Bush's Commission to Strengthen Social Security, the US Bipartisan Commission on Health Care (the Pepper Commission), the Social Security Notch Commission, and the National Academy of Sciences' Panel on Poverty and Family Assistance. Cogan received his AB in 1969 and his PhD in 1976 from the University of California at Los Angeles, both in economics. He received his MA in economics from California State University at Long Beach in 1970. He was an associate economist at the Rand Corporation from 1975 to 1980. In 1979 Cogan was appointed a national fellow at the Hoover Institution, in 1980 he was appointed a senior research fellow, and in 1984 he became a senior fellow. (Playing time: 45:59)
It’s a tradition dating back to the Founding Fathers: the American government financing safeguards, be it retirement (Social Security), health benefits (Medicare), or rewards for military service in the form of federal entitlements. In an age of debt and deficits, when will lawmakers address entitlement reform? John Cogan, Hoover’s Leonard and Shirley Ely Senior Fellow and author of a new book on the long history of federal entitlements, assesses where the Trump administration goes from here. Did you like the show? Please rate, review, and subscribe!
On March 23, 2010, the Affordable Health Care Act became law in the United States. Under the measure, people who have been denied coverage due to a pre-existing condition, and who have been uninsured for at least six months, may qualify to buy insurance. In this panel discussion at Stanford University, experts from medical and public health fields offer opinions on the new law. They consider how it came to be, its short- and long-term consequences, cost issues involved, and its controversial aspects, including how, for many, it serves as an imperfect start for reforming America’s health care system. Alain Enthoven is the Marriner S. Eccles Professor of Public and Private Management, Emeritus, at the Stanford Graduate School of Business, and a core faculty member at CHP/PCOR. Known as the “father of managed competition,” he was one of the founders of the Jackson Hole Group, a national think-tank on health care policy. His research focuses on the financing and delivery of health care in the United States and other industrialized nations, and cost-benefit analysis in medical care. In his numerous publications he has advocated a financially integrated health care delivery system that relies on market-based incentives to reduce medical costs and increase economic accountability and quality of care. He is currently working on a proposal for a “Market-based Universal Health Insurance System,” being developed for the Committee for Economic Development. Alan Garber is the Henry J. Kaiser Jr. Professor at Stanford University, where he is also a professor of medicine, economics, and of health research and policy, and of economics (by courtesy) in the Stanford Graduate School of Business. He is a senior fellow (by courtesy) at the Freeman Spogli Institute for International Studies and at the Stanford Institute for Economic Policy Research. He has been director of both the University’s Center for Health Policy and the Center for Primary Care and Outcomes Research at the School of Medicine since their founding. Garber is a staff physician at the Veterans Affairs Palo Alto Health Care System and associate director of the VA Center for Health Care Evaluation. His research is directed toward methods for improving health care delivery and financing, particularly for the elderly, in settings of limited resources. Daniel Kessler is the David S. and Ann M. Barlow Professor in Management at the Stanford Graduate School of Business, a senior fellow at Stanford’s Hoover Institution, a professor of law (by courtesy) at Stanford Law School, and a research associate at the National Bureau of Economic Research. His research interests include empirical studies in antitrust law, law and economics, and the economics of health care. His recent work focuses on the consequences of hospital mergers and hospital ownership (nonprofit versus for-profit) for the cost and quality of medical care. His new book, Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System (with John Cogan and R. Glenn Hubbard), outlines how market-based health care reform in the United States can help fix our system’s current problems. Currently, he is investigating how to use medical claims data to identify the types of health care providers that are likely to commit Medicare fraud and abuse. Philip A. Pizzo became dean of the Stanford School of Medicine in April 2001. Before joining Stanford, he was the physician-in-chief of Children’s Hospital in Boston and chair of the department of pediatrics at Harvard Medical School. Pizzo is recognized for his contributions as a clinical investigator, especially in the treatment of children with cancer and HIV. He devoted much of his distinguished medical career to the diagnosis, management, prevention, and treatment of childhood cancers, and the infectious complications that occur in children whose immune systems are compromised by cancer and AIDS. He and his research team pioneered the development of new treatments for children with HIV infection, lengthening and improving the quality of life for children with this disease. His research soon led to important clues about how to treat HIV-positive children and adults, and how to manage life-threatening infections. Pizzo is the author of more than 500 scientific articles and 14 books. https://ssir.org/podcasts/entry/future_of_the_health_care_reform
Russ Roberts talks with Stanford University's John Cogan about what's wrong with America's health care system and how to make it right.
Russ Roberts talks with Stanford University's John Cogan about what's wrong with America's health care system and how to make it right.