This new video from the Center for Freedom and Prosperity explains why Medicaid should be shifted to the states. As I note in the title of this post, it’s good federalism policy and good fiscal policy. But the video also explains that Medicaid reform is good health…
Daily Analysis
Will the U.S. Government Get Downgraded…and Would It Matter?
Here’s another news appearance from my new youtube channel. I chat about the importance (or lack thereof) of a possible ratings downgrade for the United States government. You’ll see that I’m not overly impressed by Moody’s and the rest of the rating agencies.
Obama Wants American Taxpayers to Bail Out Greek Politicians and Dig the Debt Hole even Deeper
Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her…
Government Fiscal Estimates: Always Wrong, Usually Biased
My good friend Veronique de Rugy of the Mercatus Center at George Mason University did a very illuminating interview with Bloomberg about the serial inaccuracy of government fiscal forecasts. Veronique uses health care as an example, giving particular attention to the…
How Redistribution Creates a Poverty Trap
I’ve beaten up on Newt Gingrich for his views on global warming and his attack on the Ryan budget plan, but I’m completely on his side in the faux controversy about whether it is racist to call Barack Obama the “food stamp president.” This story from ABC News should…
Unemployment at 9.1 Percent: Heckuva Job on that Stimulus, Mr. President!
Based on this morning’s numbers, I’ve updated my chart showing what the Obama Administration said would happen with the so-called stimulus compared to what actually has happened. As you can see, the unemployment rate is about 2.5 percentage points higher than the…
A Mind-Boggling Example of Government Waste
All I can say is that I’m thankful the United States is not part of the European Union, at least if this little tidbit from the UK-based Telegraph is true. American politicians waste a lot of money, but even I doubt they ever spent tax dollars on something that is…
The “I-Told-You-So” Blog Post about the Completely Predictable Failure of the Greek Bailout
Way back in February of 2010, I wrote that a Greek bailout would be a failure. Not surprisingly, the parasites at the International Monetary Fund and the political elite from other European nations ignored my advice and gave tens of billions of dollars to Greece’s…
Ireland Is Considering a Lower Corporate Tax Rate, so How Come I’m not Happy?
It’s not often that I am unenthusiastic about the possibility of a nation reducing its corporate tax rate. But when the country is doing the right thing for the wrong reason, I hope that feelings of ambivalence are understandable. In this case, some Irish politicians…
New Study Shows Government Hindering Job Growth While Unemployment Lingers
It would not surprise most Americans to hear that unemployment rates are still lingering lower than pre-recession levels. As Dennis Cauchon wrote last week in USA Today: The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in…