As soon as the federal government gets into the business of general income security, such as paid family leave, the stage is set for an almost endless entitlement expansion. The proposal that Rubio and the IWF have come up with will open a Pandora’s Box of egalitarian add-ons.
In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.
So long as there are those who believe in socialism, we will always run the risk that they will do to us what their ideological brethren did to Venezuela.
With a mere whisper about reconsidering their investments in US Treasury bonds, Beijing rattled Wall Street and — if ever so briefly — raised our interest rates.
It is simply not possible to grow defense spending without substantial, cost-curbing reforms to the rest of the federal budget.
Unfortunately for both the New York Times and congressional welfare-statists, the article is a journalistic version of Swiss cheese: bland taste and full of holes.
With all conditions fulfilled, Congress would find itself having to choose — and choose fast — between a tax shock and a deficit explosion.
How much more debt can the US government accumulate before the country is hurled into a debt crisis?
Reforming taxes to reduce, or even control, the budget deficit is like a cat trying to catch its own tail. Deficit reduction will require major, structural spending reform, an item that is notably absent from the GOP legislative agenda.
The GOP plan pursues tax revenue on par with growth. The crafters of the reform have even put tax revenue above growth when the two goals conflict.