Why Pakistan is in fiscal trouble.

The role of excessive spending in creating economic instability.

Remember, spending is the problem.

This is one of the dumbest spending programs yet.

The book isn’t all bad news.

Potential good and bad for the year ahead.

The annual “best and worst” column features elections in Argentina and Colorado, positive education developments, and Chinese regression.

All the new spending and all the new debt will produce bad results.

Reckless fiscal policy at some point will produce a crisis.

Can a bipartisan commission save our fiscal future?