Third Time's the Charm?
Plus: House Speaker Elon Musk, the value of the debt ceiling, and D.C.'s shut down specials.
Government Spending
The Spending Bill Would Fund Censorship
Republicans should not give any more money to the Global Engagement Center.
Disaster Spending
Plus: A failed return to regular order, COVID-era spending scandals, and yet another city tries to shut down a local church's homeless shelter.
Taxpayers Outside Maryland Shouldn't Pay To Rebuild a Toll Bridge Inside Maryland
Part of the 1,500-page spending bill Congress is expected to pass this week would obligate federal taxpayers to fund the Key Bridge replacement.
Holiday Spending Spree
Plus: More funding for the "disinformation" censors, more fines for cashless businesses, the link between pandemic shutdowns and murder rates, and more...
Social Security Is Deeply Unfair. The Social Security Fairness Act Won't Fix That.
What is paid out to Social Security beneficiaries is not a return on workers' investments. It's just a government expenditure, like any other.
Senate Tees Up $200 Billion Social Security Giveaway to Public Sector Workers
The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.
Federal Government Has 'Grown Too Big, Promised Too Much, Subsidized Too Many,' Warns Former GAO Boss
This week's House Budget Committee hearing showed bipartisan agreement about the seriousness of America's fiscal problems.
Keeping These Tax Cuts Is a Bad, Expensive Idea
Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.
Musk's Department of Government Efficiency Can—and Should—Tackle Medicare and Social Security
Doing nothing will lead to Medicare benefits being cut by 11 percent and Social Security Benefits being cut by 23 percent in less than a decade.
DOGE Sets Its Sights on High-Speed Rail
After nearly two decades and billions in federal funding, California’s high-speed rail project still isn’t up and running.
Bidenomics Goes Out With a Whimper
There's a good reason Biden eventually stopped saying Bidenomics. Americans didn't like the results of his economic policies.
The PPP Was a COVID-Era Disaster. Trump Wants To Promote the Guy Who Ran It.
After overseeing the pandemic-era Paycheck Protection Program (PPP), which was a bloated, wasteful mess, Michael Faulkender is failing up.
The Department of Energy Misspent Nearly $1 Billion in 2024
While $1 billion is a drop in the wasteful spending bucket, fiscal irresponsibility of all sizes must be eradicated.
Now More Than Ever, Reason Needs Your Help To Abolish Everything
It's Giving Tuesday, and we're asking for your support.
Promises To Cut $2 Trillion Clash with Trump's Expensive Plans
Ambitious budget cuts will meet political reality in Trump’s second administration.
Congress Is Fiscally Reckless. Will Lawmakers Step Up?
Trump is talking about cutting government spending, but that's mostly in Congress' hands.
DOGE Can Succeed by Scaling Back Its Ambitions
The new advisory group promises bold savings and massive spending cuts, but without any expertise in the federal budget, it’s likely to be all bark and no bite.
Democrats Did Themselves No Favors by Veering Hard to the Left
Economics likely spelled doom for Harris, but extreme ideology sealed her party’s fate.
The Clock Is Running Out for Student Loan Forgiveness
With only months left in his term, Biden wants to forgive the loans of nearly eight million borrowers experiencing "hardship."
How Elon Musk and DOGE Can Deliver on Smaller Government
Plus: a listener asks the editors why it is acceptable to allow unrestricted border crossings into the United States without penalty.
Pentagon Fails 7th Audit in a Row but Hopes To Pass by 2028
Congress required all federal agencies to submit annual financial reports in 1990. The Pentagon finally got around to complying in 2018, and it still hasn't passed an audit.
Social Security Approaches Its Day of Reckoning
Americans should plan for their futures rather than relying on a nonexistent Social Security “trust fund.”
The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It?
It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the economy.
DOGE's Chances Are Slim, but It Might Be Our Only Hope
Congress and the president show no interest in cutting government. Maybe outsiders can get it done.
To Cut Wasteful Spending, Start With Energy Subsidies
Ending the government’s preferential treatment of energy technologies is the best way to ensure long-term economic and environmental sustainability.
Abolish the Department of Education
The federal government furnishes a relatively tiny amount of K-12 funding—but the feds need relatively little money to exert power.
Abolish Federal Student Loans
Easily accessible student loans give colleges an incentive to raise tuition.
Abolish the Department of Transportation
When money comes down from the DOT, it has copious strings attached to it—strings that make infrastructure more expensive and less useful.
Abolish FEMA
FEMA has given Americans every reason to believe it is highly politicized, a poor steward of federal resources, bad at establishing priorities, and often unable to communicate clearly to people in distress.
Trump's First Term Wasn't Fiscally Responsible. Will His Second Be Different?
Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
The Impact of Trump's Cost-Cutting Initiative Hinges on What He Means by 'Government Efficiency'
Narrowly understood, the president-elect's familiar-sounding plan to tackle "massive waste and fraud" may not give us "smaller government" in any meaningful sense.
Feds Approve $80 Million Budget for 'Private' Horse Racing Regulator
The government should exit the multi-million-dollar business of preventing horse doping.
To Succeed at Cutting Government, Musk and Ramaswamy Must Take on Entitlements
When it comes to cutting waste, fraud, and abuse, what's lacking is not ideas but the political will to act on them.
Trump Has No Discernible Interest in Fiscal Responsibility
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
How Donald Trump and Elon Musk Could Cut $2 Trillion in Government Spending
If Musk is truly serious about fiscal discipline, he'll advise the president-elect to eschew many of the policies he promised on the campaign trail.
The Next President Should Abolish Everything
In the Abolish Everything issue, Reason writers make the case for ending the Fed, the Army, Social Security, and everything else.
The House Is Democrats' Best Chance To Check Trump's Executive Powers
With control of the House still undecided, a Democratic majority could serve as the strongest check on Trump's worst impulses.
Countries With Economic Freedom Are Far Better Off
Even the poorest citizens of free countries fare better than the middle classes in economically repressive nations.
Pentagon Paid Nearly 8,000 Percent Markup on Boeing's Bathroom Soap Dispenser
The Air Force paid nearly $150,000 above market value for airplane bathroom fixtures, a Department of Defense watchdog found.
Where Is Trump's Plan To Cut Spending?
The former president says the government should be funded like it was in 1890. So where's the plan to reset spending to 1890s levels?
One-Third of Expensive Border Surveillance Towers Don't Work
Decades of border surveillance programs have spent billions of dollars but achieved little.
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
Biden Thinks He Found a Student Loan Loophole
Is this latest attempt at student debt forgiveness a serious policy or a pre-election ploy?
Donald Trump and Kamala Harris Keep Making Economically Illiterate Promises
These policies may sound good on paper—but they would be disastrous in reality.
Oklahoma Loosens Rules for Mandatory Classroom Bibles
The good news is that schools won't be forced to stock Trump-endorsed Bibles. The bad news is that they're still being forced to supply Bibles.
Biden and Harris' Record on Spending and Debt Is a Tragedy of Epic Proportion
When they entered the White House, the budget deficit was a pandemic-influenced $2.3 trillion, and it was set to fall to $905 billion by 2024. It's now twice what it was supposed to be.
