Why it’s a basket case.

Amazing what the absence of an income tax can do.

What Do Greece, the United States, and the Cayman Islands Have in Common? At first, this seems like a trick question. After all, the Cayman Islands are a fiscal paradise, with no personal income tax, no corporate income tax, no capital gains tax, and no death tax. By contrast, Greece is a bankrupt, high-tax welfare […]

Exactly 10 days ago, I predicted that the press would attack Mitt Romney for using tax havens. In that post, I wrote that, “…based on the questions, it appears that the establishment media wants to hit Romney for utilizing tax havens… As far as I can tell, none of these reporters have come out with […]

Actually, the answer is all of the above. He pontificates about debt, but he voted for the fake stimulus and budget-busting Obamacare legislation. He’s a preening self-styled deficit hawk, but the nation’s four largest deficits have occurred since he became Chairman of the Senate Budget Committee. As Chairman of the Budget Committee, with a bloated […]

If misery loves company, we can be very happy with these two stories about over-compensated bureaucrats from outside our borders. The first comes from Europe, where the Daily Telegraph reports that pension costs are skyrocketing for bureaucrats with the European Commission and other European Union entities. With the average pension being more than $88,000 per […]