The goal should be reducing that burden, regardless of whether it is financed with taxes, borrowing, or printing money.
Daily Analysis
Deficit Spending and Inflation
When governments finance deficits by having central bank create money there is every reason to expect inflation.
The European Commission Just Recommended Economic Suicide
Most of its 21 recommendations endorse and embrace new and expanded entitlement.
Biden and Trump Should Learn from Sweden’s Social Security Reform
Sweden’s social security system is good for both workers and taxpayers.
Lessons from the Texas Budget
Texas started following fiscal policy’s Golden Rule only relatively recently, but it’s paying dividends.
A Simple Spending Cap Will Avert America’s Fiscal Crisis
Some fiscal experts fret that deficits and debt are increasing, but the real problem is that the spending burden is rising faster than the tax burden.
Donald Trump Supports Massive Tax Increases on Middle-Class Americans, Part II
Tax increases are the unavoidable outcome of Trump’s opposition to entitlement reform.
Assessing North Carolina’s Fiscal Policy
North Carolina has gone from one of the worst to one of the best states on fiscal policy. But not everyone is happy about what’s happened in the Tarheel State.
Does America Have an Under-Taxation Problem?
Federal tax revenues have skyrocketed. When will enough be enough?
“Prioritization” and Debt Limit Nonsense
There’s plenty of money to pay interest on the debt. There would only be a default if Joe Biden or Janet Yellen (the Treasury Secretary) deliberately chose not to prioritize.