Among those who understand government has a severe spending problem, there are considerable differences on what exact spending should be reduced. For a long time the focus has been on eliminating government waste, “porkbarrel” projects and earmarks. The spotlight has recently begun to shine on unsustainable entitlement spending (Social Security, Medicare, and Medicaid). Still others […] Read More >>
You’ve heard all about the “balanced approach” to the government debt problem. It goes something like this: We can’t balance the federal budget with spending cuts alone, so we’re going to need to increase taxes (on the wealthiest Americans). Never mind taxing the wealthy by a rate of 100 percent would barely dent this year’s […] Read More >>