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…
Why Interest Rates Will Remain Low
Part two of a two-part series on interest rates and the federal debt. Servicing the federal debt will cost U.S. taxpayers $479 billion this year, even though interest rates are…
More Than $1 Million per Taxpayer Owed – and Climbing
It seemed tragic back in October 1981 when the federal debt reached $1 trillion. How would we ever pay back $1 trillion? The real tragedy, though, is what’s happened since…
Social Insecurity: Another Reason We’re Going Broke
Except for recent contributions, all of the money that you’ve contributed to the Social Security system throughout your lifetime has already been spent. That’s because Social Security is a pay-as-you-go…
Socialism’s Promise: Medicaid for All
For an example of how government entitlements always expand and never contract, consider what’s been happening to Medicaid. Designed to provide health coverage for low-income and disabled Americans, Medicaid was…
More Government, Less Manufacturing
As the first country to mass produce everything from automobiles to computers, America has a well-deserved reputation for innovation, thanks to its manufacturing sector. U.S. government employees, conversely, are most…