At equilibrium, the political support for health care reform exists

By Money Matters Editors

Political scientists and public policy types have this phrase they use to describe the temperature for public policy during normal times: ‘at equilibrium.’

Ignoring for the moment that nothing economic or political since the onset of the financial crisis can be considered ‘at equilibrium,’ the phrase describes a political condition on the ground in Washington when there isn’t a crisis, a gaff, a major mistake, an international event, a point of fear/hysteria, or some other idiosyncratic event that can hinder (or help) a policy's chance for passage. And in case one hasn’t noticed, there are a lot events that can distort equilibrium in Washington, and the health care reform debate is a good case study.