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Accelerating on the Path to Greece with Bernie Sanders

Remember when I wrote about a week ago that I was somewhat optimistic about entitlement reform? Well, given what just happened in New Hampshire, I must have been smoking crack. It would now be more accurate to say something will happen with entitlements, but it will be deform rather than reform. That’s because a Bernie […]

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New Obama Budget: The Usual Reckless Spending Hikes…and a Big New Tax on American Energy Consumers

We have good news and bad news. The good news is that President Obama has unveiled his final budget. The bad news is that it’s a roadmap for an ever-growing burden of government spending. Here are the relevant details. The President wants the federal budget to climb by nearly $1.2 trillion over the next five […]

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Educating Congress and Debunking the White House on the Debt Limit

Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I testified about this issue before the Oversight and Investigations Subcommittee of the House Financial Services Committee. […]

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More Arguments against the Value-Added Tax

The left is very clever about accepting “compromise,” so long as the result is a larger burden of government. This is one of the reasons why I’m so concerned about Senator Cruz’s proposal for a value-added tax. Even though he wants a VAT for good reasons (to finance lower tax rates and also to reduce […]

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Time for some Optimism on Entitlement Reform

If pessimism was an Olympic event, I used to think I might be favored to win a medal. After all, growing levels of dependency outside of Washington and rampant corruption inside of Washington sometimes lead me to conclude that America is doomed to a Greek fiscal future. But compared to some people, maybe I’m just […]

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Great News, the Income Tax Is Being Abolished! (but Read the Fine Print)

There is some very good news to share. The income tax will disappear in April. But there’s also some bad news. The income tax is only being abolished in the Caribbean nation of Antigua and Barbuda, and there’s little reason to think that America’s awful internal revenue code will disappear anytime soon. Nonetheless, we should […]

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