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Blog

Divided government has kept budget deficits in check, but a spending explosion is on the horizon

The Congressional Budget Office has released its annual budget outlook for the next decade, showing that the budget deficit will continue to fall in the current fiscal year, as well as next year, before gradually beginning to rise steadily again, thereafter. The media mostly talking about this aspect of the report. The Associated Press, for example, ran with the headline: "CBO: Budget deficit to shrink to lowest level since Obama took office."

01/26/2015
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Blog

Barack Obama plans to pay for budget-busting spending increases with growth-stunting tax hikes

President Barack Obama has tipped his hand on how he plans to pay for his budget-busting spending increases. Media reports indicate that he plans to roll out several tax hikes totalling $320 billion in his State of the Union address on Tuesday, including raising the capital gains rate and imposing a tax on big banks' liabilities.

01/20/2015
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Blog

House Democrat who worries about Guam tipping over doubts regulations hurt the economy

Rep. Hank Johnson (D-GA) has a history of making peculiar remarks that have often become the butt of jokes on talk radio. In a 2010 committee hearing, for example, he expressed his "fear" that Guam would "tip over and capsize" due to overpopulation. In April 2013, while the lower chamber was debating the Helium Stewardship Act, he told his colleagues to "[i]magine...a world without balloons."

01/13/2015
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Op-ed Placement

Regulations Are Stifling Economic Growth

As the size and scope of government have expanded, regulators have come to play a much larger role in our day-to-day lives. The advent of the administrative state has created a web of regulations covering everything from design standards for electric appliances to new rules that require hotels and restaurants to accommodate miniature horses as service animals. All too often, common sense is being replaced with exacting statutes and regulations that dictate very specific forms of compliance.

09/03/2014
Central Planners' Latest Buzzphrase: Promise Zones
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Blog

Central Planners' Latest Buzzphrase: Promise Zones

The White House is touting something called "Promise Zones" as a model to spur economic growth. These areas feature federal spending with the usual strings attached, attempting to spur economic growth and civic renewal. What the country needs is not set of federally micromanaged zones, but to restore the original American promise for all of the us: here we can be free.

01/13/2014
National Equal Pay Day: President Obama's Great Distraction
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Blog

National Equal Pay Day: President Obama's Great Distraction

President Barack Obama declared April 9 “National Equal Pay Day,” – a date chosen to supposedly mark how long into the new year women have to work to match the male median wage of the previous year. Obama has repeatedly lamented that women earn “up to 23% less on average” than men do; it’s a good talking point for a president who captured more than half of votes cast by women in 2012.

04/09/2013
Your Guide to the National Debt (Part 4)
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Blog

Your Guide to the National Debt (Part 4)

“Never complain of that of which it is at all times in your power to rid yourself.” – Adam Smith quoting Greek Stoic philosopher Epictetus, chapter I, section II, and part VII of The Theory of Moral Sentiments, originally published in 1759.The national debt is a tremendous burden on our country, ourselves, and our posterity.

01/24/2013