โข
The pension funding deficit of OECD countries could be twice the size of global GDP within a decade.
When comes to spending, there are no adults in the house, only a bunch of spending addicts.
Keynesians believe that during recessions lunches really are free.
Every year or so, Congress reauthorizes a package of expiring tax provisions commonly known as “tax extenders.” Usually, these extenders grant some economic privilege tailored to some particular group or business interest.
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
โข
The amount of public debt to be serviced is huge and growing, and weโre in uncharted territory now.
Advocates of new government programs often promise that their programs are budget neutral โ meaning that adoption of these programs will not increase net government spending. It’s never true.
Government spending and borrowing has been and will continue to be seriously out of control, with dire longer-run consequences if not addressed, while addressing it would be far less of a fiscal disaster than it will be if the country is left to follow its current course.
โข
Strong centralized nation-states are good at marshaling resources to defeat other nations in wars. But how have more recent โwarsโ weโve fought against drugs, poverty, and terrorism turned out? Society has gone through staggering changes since 1941, and so have the problems we face. The left should think long and hard about these changes before…
โข
The pension funding deficit of OECD countries could be twice the size of global GDP within a decade.
When comes to spending, there are no adults in the house, only a bunch of spending addicts.
Keynesians believe that during recessions lunches really are free.
Every year or so, Congress reauthorizes a package of expiring tax provisions commonly known as “tax extenders.” Usually, these extenders grant some economic privilege tailored to some particular group or business interest.
Any defense of or desire for fiscal restraint and less government spending and borrowing are entirely out the window.
โข
The amount of public debt to be serviced is huge and growing, and weโre in uncharted territory now.
Advocates of new government programs often promise that their programs are budget neutral โ meaning that adoption of these programs will not increase net government spending. It’s never true.
Government spending and borrowing has been and will continue to be seriously out of control, with dire longer-run consequences if not addressed, while addressing it would be far less of a fiscal disaster than it will be if the country is left to follow its current course.
โข
Strong centralized nation-states are good at marshaling resources to defeat other nations in wars. But how have more recent โwarsโ weโve fought against drugs, poverty, and terrorism turned out? Society has gone through staggering changes since 1941, and so have the problems we face. The left should think long and hard about these changes before…
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