Here’s the video that won the lucrative Powerline prize. Perhaps not as catchy as the entry I posted a couple of days ago, but very well done, with a proper focus on excessive government. And here’s a video just released by Cato on why the debt deal – at best – is a…
Daily Analysis
Tax Warning: Will Barack Obama Do to America What Leftists Already Have Done to Illinois…and England…and…?
Now that the debt-limit fight is basically over (the Senate will join the House in approving it later today), we need to immediately prepare for the next stage in the fight to stop big government and restore economic liberty. President Obama and other leftists clearly…
Where Are the Spending Cuts?
Considering the Democrats control the Senate and the White House, I actually think the Republican leadership did a decent job in the debt negotiations. Of course, I had low expectations, but did anybody expect miracles with Obama in the White House? As you might…
Deconstructing the Revenue Side of the Debt-Ceiling Deal: Yes, There’s a Real Threat of Higher Taxes
Politicians last night announced the framework of a deal to increase the debt limit. In addition to authorizing about $900 billion more red ink right away, it would require immediate budget cuts of more than $900 billion, though “immediate” means over 10 years and…
Is Pentagon Waste Even More Egregious than Welfare-State Waste?
I realize that national defense is one of the few legitimate functions of the federal government, but that doesn’t mean the Pentagon budget isn’t riddled with waste, fraud, and abuse. Here’s a jaw-dropping example reported by Bloomberg. A U.S. contractor in Iraq…
Just in Case You Need One More Reason Why the Department of Housing and Urban Development Should Be Abolished…
While I’ve been somewhat critical of Senator Coburn’s willingness to raise taxes, I’ve never doubted that he is a sincere and tireless fighter for smaller government. Indeed, his staff periodically share examples of government waste that boggle the mind, though I…
Basic Economics for Financial Journalists and Other Dummies
While driving home last night, I had the miserable experience of listening to a financial journalist being interviewed about the anemic growth numbers that were just released. I wasn’t unhappy because the interview was biased to the left. From what I could tell, both…
Atlas Shrugged Comes to Detroit
In a perverse way, I’m glad that there are places such as Greece and Illinois. These profligate jurisdictions are useful examples of the dangers of bloated government and reckless statism. There also are some cities that serve as reverse role models. Detroit is a…
Needless Budget Drama in Congress, Time Machines, and some Debt Limit Humor
In the spirit of the budget battle, readers have to eat their peas (i.e., endure my analysis) before getting to the dessert menu of jokes from the late-night comics. The big news today is that Speaker Boehner had to cancel a vote on his “Budget Control Act” last…
Government Jobs are to Die For
The federal government fires so few of it’s workers that bureaucrats at a number of agencies are more likely to die in office than get a pink slip: Death — rather than poor performance, misconduct or layoffs — is the primary threat to job security at the…