A parody of Keynesian spending.

Before our depressing discussion today about the fiscal impact of entitlement programs (Social Security, Medicare, Medicaid, EITC, Food Stamps, welfare, and Obamacare, etc), here’s a video of how it all began. I think this is a great introduction to the issue, particularly since you learn how “public choice” (i.e., politicians engaging in self-serving behavior) played a key role in the development […]

Politicians in Washington have been trying to buy votes with proposals to expand Social Security.

Do you want the bad news or the worse news?

Employers don’t create jobs out of a sense of charity.

Bloomberg is less rational today.

We should be very concerned.

A President Warren would make a bad situation even worse.

A private pension fund with these numbers would have been shut down a long time ago.

Many developed nations already have fully or partly privatized systems.