The new leftist website, Vox, has an article by Sarah Kliff on Vermont’s experiment with a single-payer healthcare system. But I don’t really have much to say about what’s happening in the Green Mountain State, other than to declare that I much prefer healthcare experiments to occur at the state level. Indeed, we should reform Medicaid andMedicare and also fix the […]
read more...I spoke yesterday to the Memphis Economics Club about America’s looming fiscal crisis, and I did my usual song-and-dance routine about potential Greek-style chaos in the absence of genuine entitlement reform. But I confess I was stumped when, after the speech, someone from the audience asked me what was going on with Obamacare. I can pontificate at […]
read more...Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very perilous future. According to the Bank for International Settlements, the United States is in worse shape […]
read more...Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a wink of sleep thinking about deficits, but I toss and turn all night fretting about the overall burden of government spending. My peculiar focus on the […]
read more...I’ve shared many charts over the years, but two of the most compelling ones deal with poverty. The numbers in this chart, which are based on Census Bureau data and scholarly studies (see here, here, here, and here), show that the poverty rate was steadily falling in the United States – until the federal government decided to launch a so-called […]
read more...America desperately needs genuine entitlement reform to avoid a Greek-style fiscal future. The biggest problems are the health entitlements such as Medicare, Medicaid, and Obamacare, but Social Security also has a huge long-run fiscal shortfall. That’s why I’m a big fan of the very successful reforms in places such as Chileand Australia, where personal accounts are producing big benefits for workers.These systems […]
read more...When you work in Washington (and assuming you haven’t been corrupted), you run the risk of being endlessly outraged about all the waste. But not all waste is created equal. Some examples are so absurd that they deserve special attention. Forcing taxpayers to pay millions of dollars for pro-Obamacare and pro-IRS propaganda. Doing interviews – at a per-person […]
read more...There’s a saying in the sports world about how last-minute comebacks are examples of “snatching victory from the jaws of defeat.” I don’t like that phrase because it reminds me of the painful way my beloved Georgia Bulldogs were defeated a couple of weeks ago by Auburn. But I also don’t like the saying because […]
read more...I’m currently in the Faroe Islands, a relatively unknown and semi-autonomous part of Denmark located in the North Atlantic. Sort of like Greenland, but too small to appear on most maps. I’m in this chilly archipelago for a speech to the annual meeting of the Faroese People’s Party. According to Wikipedia, “the party is supportive […]
read more...I haven’t written much about the budget fights over a government shutdown, Obamacare, the continuing resolution, and the debt limit for the simple reason that the battles are mostly about politics and strategy rather than policy. At the risk of oversimplifying, here’s what’s happening. On one side are those who want to use the debt […]
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