Here’s a bit of good news to end the weekend. Arizona politicians have been forced to suspend a statewide speed camera program. I’m especially pleased to see that civil disobedience played a role in forcing politicians to pull the plug on the Orwellian system:  Arizona is ending a groundbreaking and contentious program that put speed cameras […]

As expected, the European Union and International Monetary Fund have chosen to subsidize the profligacy of Greek politicians. A deal has just been announced. As the Washington Post reports:  Greece on Sunday announced a long-awaited deal with the European Union and International Monetary Fund for a $145 billion financial rescue, an unprecedented package… The three-year […]

Total government debt is about 115 percent of GDP in Greece, which clearly is one of the factors that spooked investors and led to the bailout. But Japan – at least on paper – is in much worse shape with government debt approaching 200 percent of GDP. And with a grim demographic outlook (lots of […]

Kevin Williamson has a long-overdue piece in National Review making two essential points about supply-side economics and the Laffer Curve. First, he explains that tax cuts are not the fiscal equivalent of a perpetual motion machine. Simply stated, too many Republicans have fallen into very sloppy habits. They oftentimes fail to understand the difference between […]

I always appreciate a column that sounds like I could have been the author, and this editorial from the WSJ hits the mark. The IMF/EU bailout is just masking the problems of a bloated welfare state and giving politicians some breathing room to avoid making the real reforms that are needed: It hasn’t been a […]

The New York Times has an article describing widespread tax evasion in Greece, along with an implication that the country’s fiscal crisis is largely the result of unpaid taxes and could be mostly solved if taxpayers were more obedient to the state. This is an grossly inaccurate. A quick look at the budget numbers reveals […]

I meant to write about this article when it first came out, but it got buried in my inbox. That being said, this Washington Times column by Richard Rahn makes an excellent point about the dangers of too much government. He points out that Argentina used to one of the world’s most prosperous nations. Unfortunately, decades […]

I blogged a cartoon joking about Obamacare as a Trojan Horse for the IRS, but with each passing day we are learning new – and always unpleasant – details about the mammoth legislation that was imposed by the left. The excerpt below from the Boston Globe reveals that businesses will face costly new reporting requirements […]

There’s an old joke that if you owe a bank $10,000, you have a problem, but if you owe a bank $10,000,000, the bank has a problem. The Greek government certainly seems to have that attitude. Short-sighted and corrupt politicians in Athens have spent their nation into a fiscal ditch and they now want to […]