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Least Surprising Headline Ever – another Giant Cost Overrun and Huge Delay for a Pork-Barrel Infrastructure Project

When politicians create programs and announce projects, they routinely lie about the real costs. Their primary goal is to get initial approval for various boondoggles and they figure it will be too late to reverse path once it becomes apparent that something will cost for more than the initial low-ball estimates. Obamacare is a classic […]

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The Negative Macroeconomic Impact of Overpaid Bureaucrats

Last year, I shared some remarkable research from the Organization for Economic Cooperation and Development about the negative relationship between government spending and economic performance. The economists at the Paris-based bureaucracy looked at data from its member nations (primarily Europe, North America, and the Pacific Rim), discovered that the countries with bigger government experienced less […]

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Trump, Entitlements, and America’s Potential Greek Future

At the risk of sounding like a broken record (or like Donald Sutherland in Animal House), I’m going to repeat myself for the umpteenth time and state that the United States has a big long-run problem. To be specific, the burden of government spending will inexorably climb in the absence of big reforms. This isn’t […]

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All I Want for Christmas Is…a Spending Cap

What could be more fun than to spend the day before Christmas reading about fiscal policy? I realize there are probably endless ways to answer that question, particularly since normal people are probably more concerned about the rumor that the feds are going to arrest Santa Claus. But America’s fiscal future is very grim, so […]

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Help Veterans by Abolishing the Veterans Administration

With Christmas approaching, people are putting together their lists for Santa Claus. I’m not sure I’ll find any of these things under my tree, but here’s what I want. Get rid of the Department of Housing and Urban Development. Shut down the Department of Agriculture. Eliminate the Department of Transportation. Abolish the Department of Education. […]

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More Tax Dollars for Government Schools ≠ Better Education

While I have great fondness for some of the visuals I’ve created over the years (especially “two wagons” and “apple harvesting“), I confess that none of my creations have ever been as clear and convincing as the iconic graph on education spending and education outcomes created by the late Andrew Coulson. I can’t imagine anyone […]

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