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Obama’s New Budget: Burden of Government Spending Rises More than Twice as Fast as Inflation

Obama’s New Budget: Burden of Government Spending Rises More than Twice as Fast as Inflation

The President’s new budget has been unveiled. There are lots of provisions that deserve detailed attention, but I always look first at the overall trends. Most specifically, I want to see what’s… Read more »

The War on Poverty Has Made a Difference…but the Wrong Kind

The War on Poverty Has Made a Difference…but the Wrong Kind

On several occasions, I’ve observed that the poverty rate in America was steadily falling, but that progress came to a halt in the mid-1960s when the government declared a War on Poverty. And… Read more »

The Missing Data in Krugman’s German Austerity Narrative

The Missing Data in Krugman’s German Austerity Narrative

There’s an ongoing debate about Keynesian economics, stimulus spending, and various versions of fiscal austerity, and regular readers know I do everything possible to explain that you can promote added prosperity by… Read more »

White House Stimulus Report Based on “Keynesian Fairy Dust”

White House Stimulus Report Based on “Keynesian Fairy Dust”

Did you sing Happy Birthday? The nation just “celebrated” the fifth anniversary of the signing of the so-called American Recovery and Reinvestment Act, more commonly referred to as the “stimulus.” This… Read more »

Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?

Big Government and Tipping Points: Is America Is Doomed to Become a Failed European-Style Welfare State?

When I give speeches around the country, I often get asked whether it’s time to give up. More specifically, has America reached a tipping point, with too many people riding… Read more »

The Wages of Cronyism, Big Government, and Corruption

The Wages of Cronyism, Big Government, and Corruption

The Bible says that “the wages of sin is death,” but the same can’t be said of Washington, DC. The bureaucrats, lobbyists, politicians, contractors, insiders, cronyists, and influence peddlers have rigged… Read more »

A Single Picture to Show that Many Nations Are Economically Doomed

A Single Picture to Show that Many Nations Are Economically Doomed

Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these… Read more »

New CBO Numbers Show a Remarkably Simple Path to a Balanced Budget

New CBO Numbers Show a Remarkably Simple Path to a Balanced Budget

A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the… Read more »

Yet another Example of the Failure of Keynesian Economics

Yet another Example of the Failure of Keynesian Economics

Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans… Read more »

We Need a Debate about the Size of Government, but It Helps to Understand Basic Fiscal Facts

We Need a Debate about the Size of Government, but It Helps to Understand Basic Fiscal Facts

Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a… Read more »