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New CBO Numbers Confirm Simple Task of Balancing the Budget with Modest Spending Restraint

It’s not a big day for normal people, but today is exciting for fiscal policy wonks because the Congressional Budget Office has released its new 10-year forecast of how much revenue Uncle Sam will collect based on current law and how much the burden of government spending will expand if policy is left on auto-pilot. […]

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Hillary’s Statist Agenda

I’ve been accused of making supposedly inconsistent arguments against Hillary Clinton. Make up your mind, these critics say. Is she corrupt or is she a doctrinaire leftist? I always respond with the simple observation that she’s both. Not that this should come as a surprise. Proponents of bigger government have long track records of expanding […]

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Japan’s Slow-Motion Fiscal and Monetary Suicide

Remember Bill Murray’s Groundhog Day, the 1993 comedy classic about a weatherman who experiences the same day over and over again? Well, the same thing is happening in Japan. But instead of a person waking up and reliving the same day, we get politicians pursuing the same failed Keynesian stimulus policies over and over again. […]

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The Growing Crisis of Excessive and Unfunded Retirement Benefits for State and Local Bureaucrats (and a Libertarian Quandary)

I’ve written (some would say excessively) about the fact that America has too many bureaucrats and that they’re paid too much. That’s true in Washington. That’s true at the state level. And it’s true for local governments. But since I’m a big believer in beating a dead horse, let’s revisit this issue. We’ll narrow our […]

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Deciphering Hillary’s Statist Economic Plan: A Helpful Translation into English

I need combat pay. Or maybe some kind of bonus for pain and suffering. First, I had to watch Donald Trump’s incoherent speech on the economy and try to decipher his mish-mash economic plan. And then, without the benefit of a lengthy vacation or counseling for post-foolishness stress disorder, I had to endure Hillary Clinton’s […]

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The Penny Plan Is a Spending-Cap Formula to Make the Trump Tax Cuts Feasible

I don’t like election years because the policy debate tends to revolve around the various proposals put forth by candidates. And since those ideas generally don’t make much sense, it’s a frustrating period. But the silver lining to that dark cloud is that it does create opportunities to comment on what the candidates are saying…and […]

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