Quote of the day

President Reagan's favorite economist warns of the danger of the government running... Medicare?

Published August 4, 2009 9:01PM (EDT)

Arthur Laffer, the man who came up with the Laffer Curve -- the supply-side economic argument that has so captivated the Republican Party -- really should know a little something about government programs. But apparently not.

Via my friend Steve Benen, here's what Laffer had to say when debating healthcare reform during an appearance on CNN Tuesday morning:

If you like the Post Office and the Department of Motor Vehicles and you think they're run well, just wait till you see Medicare, Medicaid and health care done by the government.

This is, as Benen notes, not the first time someone's worried about the government taking over Medicare -- which just happens to be a government program.

By Alex Koppelman

Alex Koppelman is a staff writer for Salon.

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