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How Did Federal Surpluses Become Huge Deficits? (Hint: It Wasn't Because of...
Click here for a printer-friendly version of this article.Non-partisan analysts agree that the federal government faces an enormous budget shortfall. This shortfall cannot be resolved unless we...
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Tax Cuts, Spending Multipliers, and Economic Growth
Click here for a printer-friendly version of this article.Few policy issues generate more controversy among analysts and policymakers than the economic effects of tax cuts and increases in government...
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ObamaCare's Heavy Toll on Middle Class Americans
President Obama likes to say his campaign is about building up the middle class, but his signature initiative in office — ObamaCare — will pile thousands of dollars in new taxes and higher health costs...
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The Turnaround Washington Needs: Governor Romney’s most important mission, if...
Former Massachusetts Governor Mitt Romney spent many years at Bain Capital, which specializes in “turning around” failing businesses. Bain, and companies like it, invests in firms with broken business...
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The Next Four Years of Fiscal Conservatism: What Must Be Done to Sustain the...
Yesterday the nation paused to celebrate the second inauguration of President Obama and to listen to his second-term plans as laid out in his inaugural address. At the same time, we at e21 believe this...
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Ten Things the Latest CBO Report Tells Us about Federal Finances
Earlier this week the Congressional Budget Office (CBO) released its updated outlook for the federal budget. Here are ten lessons it teaches us about the troubled state of federal finances.Federal debt...
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The Incredible Lowering of the Medicare Drug Benefit Baseline
This week, President Obama took credit for the slowdown in health care cost inflation, proclaiming in his State of the Union address that “[a]lready, the Affordable Care Act is helping to slow the...
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The Obama Budget’s Long-Run Savings Delusion
Among the spurious contentions made by President Obama’s FY 2014 Budget submission, none is bigger that the claim that enactment of its policy proposals in full would completely erase the long-run U.S....
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The Regulatory Future
[This is the fourth in a multi-part series on streamlining government services. See part 1 here. See part 2 here. See part 3 here.]To some extent, the regulatory rationality we addressed in the...
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A Guide to the 2013 Medicare Trustees Report
[This is the second of two articles summarizing the findings of the 2013 Social Security and Medicare trustees’ reports. See part 1 here.]As one of the programs’ two public trustees it has become my...
View ArticleGov’s unhelpful help: Insolvent local gov’ts still trapped
In mid-May, Gov. Cuomo supposedly solved a big problem: what to do about New York’s insolvent cities, towns, and counties. Yet Cuomo designed his new state-run “financial restructuring board” to be...
View ArticleMore Bankruptcies Won’t Solve Cities’ Crises
In debating the meaning of Detroit’s collapse, commentators on the right and the left have found evidence for the benefits of municipal bankruptcy as a way to put distressed cities back on track.“More...
View ArticleObamaCare And Regulatory Lock-In Threatens The Biggest Healthcare Tech...
We are entering an era of big government medicine. Few could claim that ObamaCare hews to the market principles of Adam Smith, or state’s rights, or individual choice. And Silicon Valley’s DNA of...
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Syria fight came at just the right time for Obama
As Washington waits to see if Russian President Vladimir Putin can cobble together a deal that will save members of Congress from having to vote on military action in Syria, the question is: Why...
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6 Changes That Would Improve Obamacare
Now that President Obama has delayed the employer penalty for not providing health insurance until 2015, as well as the requirement that people applying for health insurance on the exchanges provide...
View ArticleBusinesses Should Fear States' Big Pension Debts
In late June the ratings agency Moody’s issued a report recalculating states’ pension debts using more conservative metrics than the states themselves apply. Whereas states claim they’ve funded about...
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Republicans and the Budget: Where to Bargain, where to Resist
Last month, President Obama released his $3.77 trillion budget for fiscal year 2014. Not surprisingly, it doesn’t do nearly enough to put the United States on a sound economic footing, particularly...
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The Indebted States of America
Maria Pappas, the treasurer of Cook County, Illinois, got tired of being asked why local taxes kept rising. Betting that the answer involved the debt that state and local governments were accumulating,...
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The UAW Turns Its Crippling Sights South
Having helped to cripple the economies of Michigan, Ohio, and other northern states as well as contributing to the recent bankruptcy of Detroit, the United Auto Workers is turning its attention to more...
View ArticleThere is NO Right to Strike Against the Public
A strike by Bay Area Rapid Transit (BART) unions is paralyzing San Francisco and surrounding areas. It has left some 400,000 daily riders stranded or forced to drive, which has clogged highways and...
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