Unemployment in the heartland may be high and incomes may be stagnating in most of the nation, but Washington, DC, continues to be an oasis of prosperity as more of the nation’s resources get consumed by government. The lastest evidence comes from the Washington Post, which reports on the federal government’s insatiable demand for more […]
read more...Isn’t it nice that mere taxpayers, who overwhelmingly ride in the steerage section, are paying for bureaucrats to go on first-class and business-class junkets around the world? It’s “only” a $13-billion burden, so let’s not hear any complaints from the galley slaves! …taxpayers spent $2.8 billion in 2009 just on hotel rooms for federal employees, […]
read more...Congressman Henry Waxman is one of the most odious statists in a town dominated by people who love big government. From his perch as Chairman of the Energy and Commerce Committee, this career politician played a big role in concocting Obamacare – including the costly provisions that will burden the business community and undermine job […]
read more...George Orwell’s Animal Farm is famous for showing how the revolutionary zeal of the animals begins to wane after they take over the farm and the slogan “All animals are equal” is eventually amended by adding “But some animals are more equal than others.” The same is true for the American government. Investor’s Business Daily […]
read more...My previous post dealing with whether citizenship should be automatic for babies born to illegals generated a lot of commentary, so it is with some trepidation that I wade back into the issue. But the Wall Street Journal column excerpted below seems to strike exactly the right chord and should (at least I think!) meet […]
read more...I shudder to think how many American politicians and bureaucrats squandered our tax dollars by attending the enivornmental boondoggle in Copenhagen last December, but the behavior of one EPA official is a perfect illustration of how the political elite have no intention of abiding by the rules they want to impose on the rest of […]
read more...I don’t know what’s more laughable, the fact that some EU bureaucracy is creating an 80-minute poem (with dancing, no less), or that the “low-grade bank clerk” who masquerades as the European Council President is going to publish a a book of haiku poems. But only one item is objectionable, and that’s the latter since […]
read more...Writing in the Wall Street Journal, my Cato Institute colleague Alan Reynolds offers a simple economics lesson about pitfalls of class-warfare tax policy: …the evidence is clear that when marginal tax rates go up, the amount of reported incomes goes down. Economists call that “the elasticity of taxable income” (ETI), and measure it by examining […]
read more...This chart, published in the New York Times and based on work by Andrew Biggs of the American Enterprise Institute, shows the states with the most serious debt problems. Maybe I don’t follow state issues closely enough, but I was surprised to find that Alaska had the most debt and that California was not very […]
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