Part two of a two-part series. Spending on entitlements is mandatory, but paying for them is often pushed into the future. In spite of all the tax revenue used to…
Federal Help Often Hurts
Part one of a two-part series. Federal entitlement programs, which are created to address social issues, often make matters worse. They also cost more than initially projected and they are…
Entitlements Are Bankrupting America
Since the end of World War II, federal tax revenue has grown 15% faster than national income. Federal spending, though, has grown 50% faster. These two statistics should scare all…
Medicare Is Already Broke
Last week we noted that the Social Security system is going broke. Medicare, though, which provides for the health of America’s seniors is already broke. With 77 million baby boomers…
Wages Will Increase When Productivity Does
There are three things we can say about income with a degree of certainty: You’re earning less than you did before the financial crisis. You are overdue for a raise.…
AP Poll: Americans Want Less Economic Growth
Well, here’s a shocker. A new AP poll shows that a majority of Americans want a higher minimum wage. They also want paid sick leave and parental leave, free community…
Only a Half Trillion Dollars
It’s a sign of how much trouble we’re in when a budget deficit of a half trillion dollars seems like fiscal restraint. It is progress, given that annual budget deficits…