The excessive welfare state has greatly undermined incentives to be productive.

Unfortunately, it still focuses on the symptom of red ink rather than the real problem of excessive spending.

Joe Biden’s new budget will make America’s fiscal crisis even worse.

The Greatest Ponzi Scheme on Earth releases on March 19.

The symptom of red ink is much worse than the official numbers.

Behold the breakneck speed of bureaucratic action.

We have a spending problem, not a revenue problem.

Worrying about a perfect storm of bad policy, eroding societal capital, and demographic decline.

This is a remarkable achievement.

The budget numbers are grim, but have passed a point of no return?