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…
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…
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…
Happy Dependence Day
On the fourth of July, we celebrate our freedom from tyranny. Yet King George would be envious of the control the U.S. government, and state and local governments hold over…
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.…