Federal tax revenues have skyrocketed. When will enough be enough?

California politicians say that they are trying to punish the rich, but lower-income and middle-class people are suffering a lot of collateral damage.

There are not enough rich people for only class-warfare taxes to finance future entitlement spending.

Has New York already passed the tipping point?

Large tax increases preceded the Great Depression.

Is there an appetite for restraint?

The cause of the U.K.’s fiscal mess.

Even the IMF admits this.

What’s the best response to this slow-motion fiscal disaster?

Spain doubles down.