Debt and Deficits
-
•
How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?
The US government would need to win Powerball more than 1,000 times just to cover this year’s deficit.
-
•
France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
-
•
Escape from New York, 2025 Millionaire Edition
NYC’s highest earners are fleeing, along with $14 billion in gross income. An evacuating tax base risks taking the city’s prestige with it — to Florida.
-
•
Chicago Public Schools Now Have a Junk Credit Rating. What’s Next?
As debt service continues to devour an already unsustainable budget, do not expect student learning outcomes to improve.
-
•
Ivory Tower Debt Trap: Student Loans Distort the American Dream
The ROI on college is plunging. Colleges are failing to educate, and instead loading kids up with unshakable debt and failed ideas.
-
•
Social Security at 90: A Brief History of America’s Sacred Cow
Intended as a self-funding program for the truly desperate, Social Security’s reckless expansion now threatens its ability to deliver for those most in need.
-
•
My Disagreement with John Tamny on SALT Deductions
Lower taxes are a good thing — unless they just shift the cost from overspenders onto taxpayers in the future.
-
•
Trump’s Trade War Undermines the Dollar’s Global Reserve Status
The president wants foreigners to hold investment dollars, and to spend those very same dollars buying US exports. It can’t be done.
-
•
Let Seniors Spend Their Medicare Money
Medicare is messy, wasteful, and prone to fraud. Cash transfers would reintroduce competition and increase innovation. It would also makes us healthier.
-
•
The Real Debt Threat: Government Spending, Not Tax Cuts
Washington’s dismal fiscal situation is driven by out-of-control government. Spending, Congress and Larry Summers, is what keeps the debt mounting.
-
•
How Long Could That $1.8 Billion Powerball Jackpot Fund the Government?
The US government would need to win Powerball more than 1,000 times just to cover this year’s deficit.
-
•
France’s Financial Misery Is a Bad Omen for Other Countries
Financial and debt crises aren’t so much solved as covered up by political actions aimed at alleviating market anxieties.
-
•
Escape from New York, 2025 Millionaire Edition
NYC’s highest earners are fleeing, along with $14 billion in gross income. An evacuating tax base risks taking the city’s prestige with it — to Florida.
-
•
Chicago Public Schools Now Have a Junk Credit Rating. What’s Next?
As debt service continues to devour an already unsustainable budget, do not expect student learning outcomes to improve.
-
•
Ivory Tower Debt Trap: Student Loans Distort the American Dream
The ROI on college is plunging. Colleges are failing to educate, and instead loading kids up with unshakable debt and failed ideas.
-
•
Social Security at 90: A Brief History of America’s Sacred Cow
Intended as a self-funding program for the truly desperate, Social Security’s reckless expansion now threatens its ability to deliver for those most in need.
-
•
My Disagreement with John Tamny on SALT Deductions
Lower taxes are a good thing — unless they just shift the cost from overspenders onto taxpayers in the future.
-
•
Trump’s Trade War Undermines the Dollar’s Global Reserve Status
The president wants foreigners to hold investment dollars, and to spend those very same dollars buying US exports. It can’t be done.
-
•
Let Seniors Spend Their Medicare Money
Medicare is messy, wasteful, and prone to fraud. Cash transfers would reintroduce competition and increase innovation. It would also makes us healthier.
-
•
The Real Debt Threat: Government Spending, Not Tax Cuts
Washington’s dismal fiscal situation is driven by out-of-control government. Spending, Congress and Larry Summers, is what keeps the debt mounting.