I’m never guilty of being an optimist, but two items caught my attention today that suggest the tide may be turning on entitlement reform. We’ll start with something from the New York Times. Regular readers know that I’ve criticized that paper on a few occasions….
Daily Analysis
Germany’s Dark Vision for Europe
Like Sweden and Denmark, Germany is a semi-rational welfare state. It generally relies on a market-oriented approach in areas other than fiscal policy, and it avoided the Keynesian excesses that caused additional misery and red ink in America (though it is far from…
For Once, I Hope Paul Krugman Is Right
It’s not often that I read something by Paul Krugman and think, “Good point, I hope he’s correct.” After all, I had to correct Krugman’s inaccurate analysis of Estonia, and also point out the errors in what he wrote about the United Kingdom. And I also noted mistakes…
Left-Wingers Are only Generous with other People’s Money
Back in 2010, I posted some fascinating (at least to me) data on the underlying differences between conservatives, liberals, and libertarians. That same year, I also wrote about whether evolutionary history helps explain why some people are leftists. Let’s now…
It’s Simple to Balance the Budget with Modest Spending Restraint
Now that new numbers have been released by the Congressional Budget Office, it’s time once again for me to show how easy it is to balance the budget with modest spending restraint (though please remember our goal should be smaller government, not fiscal balance). I…
A Video on America’s Looming Fiscal Collapse from the Folks at Government Gone Wild
Here’s a riddle for policy wonks. What do you get if you take my videos on the economics of government spending and mix them in a blender with my videos on America’s entitlement crisis? You get this concise but compelling video from the Blaise Ingoglia at Government…
Somebody Should Tell Politicians that the Military Budget is for National Defense, not Pork and Political Correctness
I agree with George Will that it’s okay to reduce Pentagon spending. After all, the United States accounts for almost one-half of the world’s military outlays, about twice as much as the combined total of possible enemies. But I also agree that national defense is one…
Is America in Worse Fiscal Shape than Greece, France, and Italy?
Back in 2010, I posted a fascinating map from the Economist website, showing debt burdens (as a share of GDP) for nations around the world. This data showed lots of red ink, with Western Europe generally being more indebted than the United States. In 2011, I posted…
In Addition to Its Many other Flaws, Obamacare Is Becoming a Racket for Overpaid Government Bureaucrats
I’ve certainly complained about Obamacare from a fiscal perspective, warning that it means higher taxes and more spending. And I’ve also warned that it will make our health care system less efficient and could lead to some of the horrifying examples of rationing and…
It’s Not April Fool’s Day, but New York Times Columnist Wants America to Become More Prosperous by Raising Taxes on the Middle Class and Becoming More Like Italy
Every so often, you read something so ridiculously stupid and absurd that you assume that you’re being pranked. So you look to the date of the article to see if it says April 1. Or you look at the Internet address to see if it’s a parody of a real website. So when I…