Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal collapse. But that’s the good news – at least relatively […]
read more...I’ve posted several times about the dangers of creating too much government dependency, including a set of cartoons that illustrates how small welfare states inevitably erode social capital and create big welfare states. So you will understand that I am utterly depressed by this new chart from the Wall Street Journal showing that nearly half […]
read more...I recently posted an excellent video showing how the War on Poverty has been a disaster for both taxpayers and poor people. Let’s now look at a specific example of the income-redistribution racket. Professor Thomas Sowell has a superb column, which begins by noting that the left tried to build support for more income redistribution […]
read more...Only the federal government could be this stupid. We have two very big problems in our nation. o First, we have a giant, bloated federal government that is spending too much money, putting us at serious risk of a Greek-style fiscal crisis at some point in the future. o Second, the social capital of our […]
read more...During his 1976 campaign for the GOP presidential nomination, Ronald Reagan popularized the notion of “welfare queens” who bilked redistribution programs for thousands of dollars. It has since become non-PC to use such a term, but that’s never stopped me. Here’s a report of a wretched welfare queen who is mooching off taxpayers and should […]
read more...Treasury Secretary Tim Geithner may be most famous in the United States for cheating on his taxes (you can even buy a t-shirt to acknowledge his tax dodging), but he’s becoming a punch line in the rest of the world for different reasons. I wrote two years ago about Chinese students erupting in laughter after […]
read more...The Center for Budget and Policy Priorities is a left-wing group in Washington that advocates for bigger government and higher taxes. In an effort to promote more redistribution, they recently put together a map showing how welfare benefits varied by state. We’re supposed to look at the map and conclude that welfare benefits are too […]
read more...The Census Bureau has just released the 2010 poverty numbers, and the new data is terrible. There are now a record number of poor people in America, and the poverty rate has jumped to 15.1 percent. But I don’t really blame President Obama for these grim numbers. Yes, he’s increased the burden of government, which […]
read more...Last week, I wrote about an utterly reprehensible welfare mom in the United Kingdom who had the gall to blame the government when one of her 11 kids was arrested for rioting. Surely, I thought, she was the perfect symbol of the moral depravity caused by welfare state dependency. But I may have been wrong. […]
read more...Every so often, I can’t resist condemning someone for grossly immoral behavior. I beat up on Robert Murphy for stealing the value of someone else’s property. I attacked Olga Stefou for symbolizing the looter-class mentality of Greece. And I mocked Michael Wolfensohn for ratting out a couple of kids who were having an unlicensed (gasp!) […]
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