I’d say only a government would be stupid enough to sign a contract that obligates them to pay somebody more than $100K each year for doing nothing, though it’s possible the corporate bureaucrats at the auto companies may have done something equally stupid in their deals with the UAW. But the real lessons to be […]
read more...I’m just back from a swing through Canada, giving speeches for the Fraser Institute to audiences in Vancouver, Calgary, and Toronto. I’ve been talking about the size of government and the future of capitalism. As you might imagine, several people have asked about the battle in America over government-run healthcare and how the system in […]
read more...While speaking in Canada last week, I authored a column in the Financial Post. I hope the entire piece is worth reading, but here are a few of the highlights: The Obama Administration claimed that spending more money would keep the unemployment rate below 8% in the United States, yet it climbed to 10%. The […]
read more...Ronald Reagan was born 99 years ago on this date. The tribute is moving, but this video underscores what made Reagan special. Unlike most Republicans today, he actually believed in freedom.
read more...As I noted a few days ago, Paulson’s bailout was the worst possible way to do a bad thing. To the extent that the government had to inject money into the financial system, I explained, it would have been far better to use the “FDIC Resolution” approach, which at least addresses the moral hazard issue […]
read more...This may not be as dumbfounding as being told not to advertise for reliable people in England, but I certainly was shocked to see that nearly one-in-five federal bureaucrats is paid more than $100,000 – and that doesn’t even include overtime and bonuses! Or how about the fact that number of bureaucrats making more than […]
read more...Steve Chapman skewers Republicans for being the party of big government when they were in power, but also notes that they are right to criticize Obama’s reckless fiscal policies. Chapman hopes that the GOP will actually propose to shrink the burden of government. A good start would be an apology for all the wasteful programs […]
read more...This Bloomberg article reinforces the theme that bureaucrats have plush sinecures while workers in the productive sector of the economy are facing difficult times. But the most shocking number is that state and local governments have underfunded pensions for bureaucrats by $1 trillion, not to mention $500 billion of unfunded health care promises. Needless to […]
read more...Maybe I have an outdated copy, but I don’t see college football listed in the enumerated powers of the Congress. And it doesn’t seem to be mentioned in any of the amendments. Yet the busybodies in Washington now want to exert their control over how the college football national championship is decided?!? Somebody needs to […]
read more...If you work for the government and you want to feel good about living on Easy Street, check out this link from the Goldwater Institute. But if you’re a taxpayer and don’t want to deal with high blood pressure, you might want to avoid even this small excerpt: …government employees of all stripes have manipulated […]
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