The U.S. Government's Bad Credit Means Higher Costs for Us All
Federal officials ignore repeated warnings, and we all pay the price.
Budget
The U.S. Credit Rating Just Dropped. It's Time for Radical Budget Reform.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
Is the Budget Process Broken, or Is Congress Just Refusing To Do Its Job?
Since Congress designed and implemented the last budget process in 1974, only on four occasions have all of the appropriations bills for discretionary spending been passed on time.
U.S. Credit Rating Downgrade Is a Sign of Government Dysfunction
The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.
The Southern Poverty Law Center Makes Millions Trafficking Hate
The Center has gotten rich in part thanks to its "hate map," which smears many good people.
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
Police Seized Innocent People's Property and Kept It for Years. What Will the Supreme Court Do?
Civil forfeiture is a highly unaccountable practice. The justices have the opportunity to make it a bit less so.
Is Debating Debt Policy Actually Terrorism?
The fight over the debt ceiling has foreshadowed how the policy debates of the presidential election cycle are likely to go.
The Next President Needs To Cut Spending
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
There Is No Party of Immigration in American Politics
Plus: A listener question concerning the key to a libertarian future—should we reshape current systems or rely upon technological exits like bitcoin and encryption?
Did California Gov. Gavin Newsom's Luck Finally Run Out?
After getting lucky for his first few years in office, Newsom now faces his first major budgetary crisis. How he responds will show a lot about his leadership skills.
Biden Falsely Bragged About Lowering the Budget Deficit. Now, It Is Predictably Rising Again.
Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.
Vivek Ramaswamy Is Wrong About the National Debt
We can't grow our way out of its ruinous economic impact. The only way forward is to cut spending.
The Clock Is Ticking: U.S. Could Default on Debt Payments by June 1
It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.
Joe Biden Wants 4 More Years 'To Finish the Job.' What Job?
Plus: A listener question scrutinizing current attitudes toward executive power
Don't Believe the Media Fearmongering About Spending Cuts
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
The House GOP Debt Ceiling Plan Would Restore Spending Caps. Good.
The most important part of the Limit, Grow, Save Act is the limits.
These Members of Congress Have a Revolutionary Idea: Write and Pass a Budget the Old-Fashioned Way
A return to so-called normal order wouldn't fix all of Washington's many problems, but it would be a step in the right direction.
Don't Give the Federal Trade Commission a Big Budget Just To Punish Big Firms
FTC Chair Lina Khan has an agenda that's against big companies, not for consumer well-being.
To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Congress Hasn't Passed a Budget on Time in 27 Years
Congress' end-of-year rush to fund the federal government has become the norm.
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Ridiculous Spending on Museums May Be Here To Stay
Handouts for tourist-trap museums will be part of the federal funding battleground in the next two years.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
Under No Circumstances Did Joe Biden Save Social Security
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
Ron DeSantis Wants $12 Million To Transport Migrants 'From Any Point' in the U.S.
The Florida governor wants to fund more migrant stunts, despite claiming that his budget will “keep more money in the pockets of Floridians.”
Review: Knock at the Cabin and To Leslie
Shyamalan’s latest twist and a most unexpected Oscar nom.
The GOP's Current Plan To Cut Spending Is a Political Failure
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Cutting Government Back to Last Year's Size Shouldn't Be 'Impossible' or 'Severe'
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
A New FBI Building Would Cost Billions. Do We Even Need One?
Congress' end-of-the-year omnibus bill was delayed by arguments over where to build the new facility.
Subsidies To Help Workers Would Hurt Poor People
Some people would benefit. Others would lose money or be rendered unemployable.
Congress' Lame-Duck Legislators Want To Spend Money Like We're Still in a Pandemic
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
Biden's Spending Spree Is Unprecedented
Instead of redirecting course, Biden is continuing Trump’s spending legacy.
A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
The U.K.'s New 'Free Market' Prime Minister Is Fighting Inflation With Price Controls
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
Biden Says the Deficit Is Falling. Actually, It's Rising.
Under Biden, Trump, and Obama, government federal spending almost doubled.
Gov. Newsom Proposes Eliminating One of California's Many Marijuana Taxes
The cultivation tax has driven up the cost of growing cannabis, fueling illegal operations and the state’s enormous black market.
The Defense Budget Keeps Ballooning To Fund Fleeting U.S. Primacy
The proposed defense budget reaches $813 billion, and politicians still can’t think critically about how to spend it.
Joe Biden Wants To Spend How Much? On What Now?
Plus: What is the libertarian stake in the culture war over school curriculums?
Biden Is Clueless About Inflation
The president's $5.8 trillion budget shows he wants more of the same government spending that is already sending prices through the roof.
Joe Manchin on Biden's Wealth Tax: 'You Can't Tax Something That's Not Earned.'
Joe Manchin keeps saying out loud the part that Joe Biden would rather keep quiet.
Biden Is Trying To Pass a Wealth Tax—Again. It Could Be Unconstitutional.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
Blame Biden for High Gas Prices
The president is running from his own hefty contributions to record gas prices and inflation.