If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social Security, Medicare, Medicaid, and Disability are all fiscal train wrecks today, and the long-run outlook for these programs is frightful. Just look at these numbers from the Bank for International Settlements and OECD to see how […]

If you include all the appendices, there are thousands of pages in the President’s new budget. But the first thing I do every year is find the table showing how fast the burden of government spending will increase. That’s Table S-1 of the budget, and it shows that the President is proposing $41 trillion of […]

I’m going to make an assertion that seems utterly absurd. The enactment of Obamacare may have been good news. Before sending a team of medical attendants to cart me off to a sanitarium, allow me to elaborate. I’m not saying Obamacare is good policy. After all, I’ve written over and over again that it is […]

When the monthly job numbers are released, most people focus on the unemployment rate. On many occasions, I’ve cited that number, usually to point out that the unemployment rate is far higher than the Obama Administration promised it would be if the so-called stimulus was enacted. That episode should be additional proof that Keynesian economics […]

Whether they’re banning bake sales, federalizing school lunch menus, or criminalizing Big Gulps, the nanny-staters feel they have some special wisdom that gives them the right to tell other people how to live their lives. This irks libertarians since we value human liberty, even if it means people sometimes make foolish choices. But so long […]