Marc Joffe is a state policy analyst at the Cato Institute.
No, the United States Has Not Always Paid Its Debts
There are five instances of the Treasury defaulting on the debt.
There are five instances of the Treasury defaulting on the debt.
A Chavez-style socialist is the leading contender to become the nation's next president.
Puerto Rico is temporarily free from Buy American restrictions on crucial protective medical gear thanks to FEMA.
The island's population has fallen dramatically even as Spanish speakers from other nations are desperate for a new home.
And the biggest liabilities don't even appear on the official balance sheet.
The administration's spending blueprint continues the fiscal decline that began during the Bush era.
The pharmaceutical market is anything but free at present.
There is greater danger in not engaging Vladimir Putin.
Debt relief and privatization are the only ways to fix its fiscal mess.
Reason is an independent, audience-supported media organization. Your investment helps us reach millions of people every month.
Yes, I’ll invest in Reason’s growth! No thanksEvery dollar I give helps to fund more journalists, more videos, and more amazing stories that celebrate liberty.
Yes! I want to put my money where your mouth is! Not interestedSo much of the media tries telling you what to think. Support journalism that helps you to think for yourself.
I’ll donate to Reason right now! No thanksPush back against misleading media lies and bad ideas. Support Reason’s journalism today.
My donation today will help Reason push back! Not todayBack journalism committed to transparency, independence, and intellectual honesty.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges central planning, big government overreach, and creeping socialism.
Yes, I’ll support Reason today! No thanksSupport journalism that exposes bad economics, failed policies, and threats to open markets.
Yes, I’ll donate to Reason today! No thanksBack independent media that examines the real-world consequences of socialist policies.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges government overreach with rational analysis and clear reasoning.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges centralized power and defends individual liberty.
Yes, I’ll donate to Reason today! No thanksYour support helps expose the real-world costs of socialist policy proposals—and highlight better alternatives.
Yes, I’ll donate to Reason today! No thanksYour donation supports the journalism that questions big-government promises and exposes failed ideas.
Yes, I’ll donate to Reason today! No thanksDonate today to fuel reporting that exposes the real costs of heavy-handed government.
Yes, I’ll donate to Reason today! No thanks