No, the HEROES Act Doesn't Let Biden Forgive Student Loans
"If it was an emergency, why wait three years to provide the forgiveness? Why present it in a political framework, as fulfilling a campaign promise?" said one higher education expert.
Government Spending
Paul Krugman Says Social Security Is Sustainable. It's Really Not.
Krugman sees benefit cuts as "a choice" but believes that implementing a massive tax increase on American employers and workers would be "of course" no big deal.
Biden's 'Buy American' Promise Is a Lot More Complicated and Bureaucratic Than It Seems
An escalator in a subway station is considered a "component" but a fire suppression system in the same station is considered a "finished product." Why? Because the bureaucrats say so.
During Surprise Trip to Kyiv, Biden Promises Endless Support for Ukraine War
Plus: The National Endowment for Democracy ends funding of conservative media blacklist, the U.S. Supreme Court will hear major internet free speech case, and more...
Want Less Corruption? Try Having Smaller Government.
People can never be made incorruptible. We can, however, design governmental systems filled with checks and balances that limit the temptations.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
U.S. Will Add $18.8 Trillion in New Debt by 2033
Plus: Age verification for social media, a bill to ban cannabis "gatherings," and more...
Bad Schools Aren't Always Underfunded
"More money can help schools succeed, but not if they fritter those extra resources in unproductive ways," says one researcher.
Under No Circumstances Did Joe Biden Save Social Security
Plus: a listener question on prohibition and a lightning round on the editors' favorite Super Bowl moments
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
The State of Our Union Sucks
The bipartisan (if shouty!) embrace of big-government nationalism ensures our populist moment won't end any time soon.
Mike Pompeo Says He 'Grew Up Libertarian'
These days, he may run for president. His politics have changed.
Biden Promises To Let Social Security's Ship Keep Sinking
Biden vowed to block any attempts to cut Social Security benefits, and Republicans made it clear that they have little appetite to try it.
Republicans and Democrats Face Impasse Over Cutting Spending Versus Raising Taxes
Plus: Court denies motion to suppress January 6 geofence warrant, Texas may ban some immigrants from buying property, and more...
By Shooting Down Balloon, the Expensive, Useless F-22 Fighter Finally Won a Dogfight
After $67 billion and more than 20 years, the F-22 finally won a dogfight against an unarmed, nearly immobile opponent.
Ron DeSantis Wants $12 Million To Transport Migrants 'From Any Point' in the U.S.
The Florida governor wants to fund more migrant stunts, despite claiming that his budget will “keep more money in the pockets of Floridians.”
Democrats Say They Support Green Energy. Why Do Their Policies Say Otherwise?
If you look closely, you'll find a lot of contradictions.
COVID Stimulus Spending Played 'Sizable Role' in Inflation
Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.
Are We Making Any Progress on Police Brutality?
Plus: The editors consider the ongoing debt ceiling drama and answer a listener question about ending the war on drugs.
If Republicans Want To Cut Spending, They Should Start With the Pentagon
Sen. Rand Paul says Republicans "have to give up the sacred cow" of military spending in order to make a deal that will address the debt ceiling and balance the budget.
Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
Government Watchdog Finds $60 Billion in Pandemic Unemployment Fraud, Suggests Maybe Doing Something About It
Despite multiple warnings in the past, the Department of Labor has yet to implement a comprehensive strategy for detecting unemployment insurance fraud.
Donald Trump and J.D. Vance Say No Cuts for Social Security. That's Impossible.
Social Security benefits will be cut automatically in less than a decade unless Congress shores up the program before it hits insolvency. Ignoring that is not a solution.
Virginia Is Considering 4 Different School Choice Bills
At least four different bills are before the General Assembly that would empower parents to use education funds in ways they see fit.
The GOP's Current Plan To Cut Spending Is a Political Failure
Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.
Pentagon Can't Account for $220 Billion of Gear Given to Contractors
The actual total is probably higher according to the Government Accountability Office's new report.
No, Recycling Will Not Save the Environment
Despite what you may have heard, many "recyclables" sent to recycling plants are never recycled at all.
Cutting Government Back to Last Year's Size Shouldn't Be 'Impossible' or 'Severe'
Taking stock of the utterly unserious fiscal policy discourse in Washington.
Whatever the Fate of the Fair Tax Act, Congress Should Still Abolish the IRS
Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.
To Win the Speakership, Kevin McCarthy Had To Promise To Cut Spending. Good.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
The Best Inflation News This Week Actually Came Out of Congress
Inflation fell to 6.5 percent in December, but new House rules ensure that Congress will have to consider the inflationary impact of future spending bills.
Did the House Rebellion Against Kevin McCarthy Have an Upside?
Plus: a lightning round recollection of comical political fabulists
Finally Approved as House Speaker, McCarthy Aims To Cut IRS Funding
Plus: More documents showcase government pressure on social platforms, appeals court to reconsider ban on nonviolent felon gun ownership, and more...
Fixing Congress' Broken Appropriations Process Is Worth This Mess
This week's Republican revolt against Kevin McCarthy is actually a rank-and-file revolt against the top-down process that both parties have used to control the House in recent years.
In 2022, the IRS Went After the Very Poorest Taxpayers
Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.
Ignoring the Anti-McCarthy Faction's Avowed Goals, The New York Times Sees Only 'Chaos and Confusion'
The paper attributes the fight over the election of the next House speaker to "anti-establishment fervor" and a lust for "personal power."
Government Spending Billions To Expand Broadband but Can't Tell Who Needs It
The Federal Communications Commission uses broadband coverage maps that are so severely flawed, states started shelling out to make their own.
The GOP Split on Ukraine Aid Isn't Really About Ukraine
For most aid critics, the urge to cut off Kyiv appears unconnected to any sort of principled realism, non-interventionism, or even isolationism.
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
Charity and Capitalism Are Better Than Government
When I was young, I assumed government would lift people out of poverty. But those policies often do more harm than good.
Why Take Responsibility When You Can Blame Somebody Else?
The year’s highlights in buck passing feature petulant politicians, brazen bureaucrats, careless cops, loony lawyers, and junky journalists.
The Senate's Passage of the $1.7 Trillion Omnibus Spending Bill Is a Bipartisan Failure
A rushed process once again created a bad result.
The Failure To Enact Marijuana Banking and Crack Sentencing Reforms Is a Window on Congressional Dysfunction
Although both bills have broad bipartisan support, they never got a vote in the Senate and were excluded from the omnibus spending bill.
Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
By Abolishing Fares, Big Cities Embrace Transit's Death Spiral
Transit officials and transit-boosting politicians in D.C., L.A., and New York City are warming to the idea of being totally dependent on taxpayer subsidies.
