Social Security’s $30 Trillion Fiscal Time Bomb

I don’t give the issue much attention on this blog, but I’m very interested in Social Security reform. I wrote my dissertation on Australia’s very successful system of personal retirement accounts, for instance, and I narrated this video on Social Security reform in...

Illinois Leftist Does a Facepalm, Confirming that Higher Taxes Enable Higher Spending While Trying to Make the Opposite Point

Two days ago, I explained that tax increases are bad policy. More specifically, I warned that giving more money to government exacerbates fiscal problems because politicians respond to the expectation of more revenue by spending more than otherwise would be the case....