Government borrowing is a source of many evils, writes Sheldon Richman, not least of which is that for decades it made big government appear cheaper than it is. Could the federal government spend nearly $4 trillion a year if it had to raise every penny through taxation? Unlikely. A tax revolt would have been ignited. But let the government borrow a trillion dollars a year, more than 40 cents of every dollar spent, and government looks relatively inexpensive—or it did before things got so out of hand that everyone could see the looming danger. Most people pay no attention to how much interest the government must pay each year to its creditors, but interest payments have been running at over $400 billion a year. December's payment alone was $95.7 billion.
California Tried To Fine a Company $10,000 for Ordering Blind People Ubers and Lyfts Without a Permit
GoGo Grandparent gives people without smartphones a way to use rideshare services. Regulators think that's a problem.
"There is no room in mainstream conservatism or at YAF for holocaust deniers, white nationalists, street brawlers, or racists."
"Meth. We're On It."
Regulation and litigation rule the day, but sometimes cash should be king.