Debt and Deficits
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America Can’t Tariff Its Way Out of This Debt Crisis
Within a decade, every dollar collected in revenue will be spent on health care, Social Security, and interest on existing debt.
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Indebted to the Printing Press: Fiscal Dominance Is No Longer Theoretical
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
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Are Transfers Replacing Work for America’s Poor?
CBO data show that government transfers now account for a historically large share of income among low-income households. Does today’s welfare system encourage mobility or entrench dependency?
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To Save Social Security, Stop Subsidizing Wealthy Retirees
The program was meant to prevent old-age poverty. To achieve that, the fortunate will have to give up what (they were told) was theirs to keep.
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Dollar Weakens as Markets Reprice US Political Risk
The dollar is being treated as a pressure-release mechanism for US debt — and markets are responding by demanding protection against intentional depreciation.
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Medicaid’s Structure Actually Invites Waste and Fraud
Medicaid’s size and complexity create endless opportunities for gaming the rules. Incentives are skewed and accountability is weak, and the taxpayer always foots the bill.
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Rich People Won’t Just Sit Still While You Tax Them
Higher taxes motivate the wealthy to move out of state and take their job-providing, revenue-creating businesses with them.
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Obamacare’s Costly Illusion of Affordability: From Subsidies to Serfdom
The ACA obscures the true costs of healthcare. The government shutdown revealed just how much.
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Why ‘Starving the Beast’ Feeds It Instead
The old fiscal conservative mantra—that cutting taxes restrains government—has failed the test of time. When spending continues on borrowed funds, it’s not the beast that starves, but future taxpayers.
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Milei’s Mandate: Argentina Bets on Austerity Again
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.
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•
America Can’t Tariff Its Way Out of This Debt Crisis
Within a decade, every dollar collected in revenue will be spent on health care, Social Security, and interest on existing debt.
-
•
Indebted to the Printing Press: Fiscal Dominance Is No Longer Theoretical
As debt-service costs surge, deficits pressure the Fed in ways that threaten long-term price stability. Pandemic stimulus has given way to structural imbalance.
-
•
Are Transfers Replacing Work for America’s Poor?
CBO data show that government transfers now account for a historically large share of income among low-income households. Does today’s welfare system encourage mobility or entrench dependency?
-
•
To Save Social Security, Stop Subsidizing Wealthy Retirees
The program was meant to prevent old-age poverty. To achieve that, the fortunate will have to give up what (they were told) was theirs to keep.
-
•
Dollar Weakens as Markets Reprice US Political Risk
The dollar is being treated as a pressure-release mechanism for US debt — and markets are responding by demanding protection against intentional depreciation.
-
•
Medicaid’s Structure Actually Invites Waste and Fraud
Medicaid’s size and complexity create endless opportunities for gaming the rules. Incentives are skewed and accountability is weak, and the taxpayer always foots the bill.
-
•
Rich People Won’t Just Sit Still While You Tax Them
Higher taxes motivate the wealthy to move out of state and take their job-providing, revenue-creating businesses with them.
-
•
Obamacare’s Costly Illusion of Affordability: From Subsidies to Serfdom
The ACA obscures the true costs of healthcare. The government shutdown revealed just how much.
-
•
Why ‘Starving the Beast’ Feeds It Instead
The old fiscal conservative mantra—that cutting taxes restrains government—has failed the test of time. When spending continues on borrowed funds, it’s not the beast that starves, but future taxpayers.
-
•
Milei’s Mandate: Argentina Bets on Austerity Again
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.