The Fiscal Future

Mark J. Warshawsky at AEI: Last week, the Treasury Department released, with no fanfare, the massive Financial Report (FR) of the US Government. Using an accrual accounting basis, rather than a cash basis, the FR shows a much poorer picture of the current finances of...

A Source of Populist Anger

John LeBoutillier: In our country during these past 45 years, the Big Business Mentality has resulted in an enormous income disparity/pay gap in corporate America, which is contributing to the divisiveness in our country. Can we blame workers for protesting when their...

The Steep Costs of “Buy American”

Derek Thompson at The Atlantic (h/t Jacob Smagula): [A “Buy American” policy] typically raises costs. The U.S. should be concerned about building more and building faster. To take one example: A disgraceful new report on New York’s Metropolitan Transit...

Tim Scott on Radio

Yesterday, U.S. Senator Tim Scott (R-S.C.) joined Sandra Smith on “America Reports” to discuss the devastating lack of leadership from the White House that has resulted in economic decline and threats from our adversaries. The Senator also encouraged the American...

Chinese Debt Bomb is Ticking

Minxin Pei at Nikkei Asia: Ever since China began to binge on debt to fuel its growth in 2009, many have wondered how long the party could go on. To the chagrin of many bearish observers, predictions of a financial crisis have not panned out. Today, China’s...