The Congressional Budget Office recently estimated that the so-called stimulus generated jobs and growth. I addressed some of the profound shortcomings in CBO’s Keynesian model in a previous post, pointing out that the model is structured to produce certain results regardless of what happens in the real world. Interestingly, the Director of the CBO, Doug Elmendorf, basically […]

Dan Mitchell doesn’t get to talk until after the 3-minute mark, but he then explains why Obamacare will undermine the healthcare system. His basic point is that government intervention is the reason why the current system has problems, and that those problems will get worse by adding even more government.

When Dorothy and her friends finally reach Oz, they present themselves to the almighty Wizard, only to eventually discover that he is just an illusion maintained by a charlatan hiding behind a curtain. This seems eerily akin to the state of Keynesian economics. It does not matter that Keynesianism isn’t working for Obama. It does not matter […]

This column by Tim Carney in the Washington Examiner should make every honest person nauseous. It explains how the big pharmaceutical companies are Obama’s biggest allies. This is well know inside the beltway, but average Americans don’t understand that Obamacare is largely a giveaway to powerful interest groups. Two observations are worth making. First, the […]

I know I promised extra political humor this week, but here’s some extra policy pain. Not only does government-run healthcare mean more spending, more regulation,and more taxes, but it also means more power for the internal revenue service. A new report reveals that the legislation makes the IRS the chief enforcer of the new scheme: […]

An insightful editorial from the Wall Street Journal examines how soak-the-rich taxes in Maryland backfired, leading to less revenue for the government. The politicians would like us to think this is just the effect of the recession, but the article points out that one out of every eight millionaires who filed a tax return in […]

As usual, Sowell is right on the mark. By expanding the size and burden of government, Obama is making it more difficult for the economy to prosper: President Obama keeps telling us that he is “creating jobs.” But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many […]

Here’s an excellent idea for all American readers. One of the guys who posts on National Review Online is urging everyone to identify themselves as “some other race” on the census form. And writing “American” next to that box would be an added bonus. The goal, he explains, is to undermine the government’s racial bean-counting […]

According to the Sacramento Fox Network affiliate, a car wash in Sacramento recently came under investigation by the IRS and even received a visit from federal agents.  The cause:  The car wash owed a whopping four cents in backed taxes.  Certainly there is a valid “law-and-order” argument that even small infractions need to be addressed, […]

Do my eyes deceive me? Has you-know-what frozen over? Something strange clearly has happened in the universe, because the Washington Post’s editorial page has published a very sensible piece about the Postal Service, noting the system is fundamentally unsound and stating that privatization is the only realistic long-term option: Approaching the limits of its federal […]