A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the economy than they previously predicted. Of course, many people…
Daily Analysis
Yet another Example of the Failure of Keynesian Economics
Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement…
We Need a Debate about the Size of Government, but It Helps to Understand Basic Fiscal Facts
Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a wink of sleep thinking about deficits, but I toss and turn all night fretting about the overall burden of…
Mirror, Mirror, on the Wall, Which Nation Has Increased Welfare Spending the Fastest of All?
There’s an old joke about two guys camping in the woods, when suddenly they see a hungry bear charging over a hill in their direction. One of the guys starts lacing up his sneakers and his friend says, “What are you doing? You can’t outrun a bear.” The other guys…
Great Moments in Wasteful Spending…or Great Moments in Bizarre Regulation?
Every so often, I share stories about the ridiculous and outrageous way in which the federal government squanders our money. So when I saw this New York Post story about the feds pissing away a six-figure sum on condom research, I figured this would be a perfect…
Washington’s Over-Compensated Shadow Bureaucracy and the Real Income-Inequality Problem
One of my most widely read – but also most depressing – articles was from about two years ago and it exposed the fact that Washington, DC, is now the nation’s richest region. I explained that Washington is rich because of unearned wealth. Almost all of the loot that…
Bipartisanship Is Generally a Good Thing…but for Politicians rather than Taxpayers
If you like to go along to get along, I suggest you don’t become a libertarian. At least not if you follow politics or work in Washington. Otherwise, you’re doomed to a life of endlessly pointing out that the emperor has no clothes. Here are three examples. 1. When…
A Golden Rule Christmas
Jay Leno had the all-time best Christmas joke and the school bureaucrats in Haymarket, VA, win the prize for the all-time worst example of anti-Christmas lunacy. But I must win the prize for being the biggest Christmas policy dork. I make this confession freely…
Instead of a Government-Guaranteed Income, How About a Practical Plan to End the Washington Welfare State?
The welfare state is a nightmare. Programs such as Medicaid are fiscal catastrophes. The food stamp program is riddled with waste. The EITC is easily defrauded, even sending checks to prisoners. And housing subsidies are a recipe for the worst forms of social…
Block Granting and Decentralization: The Sensible Way of Reducing Rampant Medicaid Fraud
When you work in Washington (and assuming you haven’t been corrupted), you run the risk of being endlessly outraged about all the waste. But not all waste is created equal. Some examples are so absurd that they deserve special attention. Forcing taxpayers to pay…