Spending is the underlying issue, but excessive debt can cause its own problems.

In last night’s debate, President Obama once again bragged about pouring  taxpayer dollars into GM and Chrysler, while chastising Mitt Romney for wanting to “let Detroit go bankrupt.” Presuming that Detroit in this context refers to the auto companies that received a bailout, this charge makes no sense. They did go bankrupt. The problem, as […]

The Center for Freedom and Prosperity Foundation (CF&P) released today its latest “Economics 101” video, which disputes the oft-repeated claim that the auto bailouts were a success.

This mini-documentary from the Center for Freedom and Prosperity Foundation explains why the auto bailout was bad news for the economy — and for the rule of law.

Most of us have probably heard the joke about the moronic salesman who admitted to losing money on each sale but was hoping to make it up with higher volume. E.J. Dionne of the Washington Post is taking this financial approach to a new level. His column today asserts the auto bailout was a success […]