For a country still gasping to recover from the Great Recession, disability payments from Social Security have evolved into a lifeline and an economic trap for millions of Americans, threatening the program with insolvency. |
So many cities are under financial siege that they are ready to abandon their collective-bargaining agreements even if they have emergency procedures in place like Detroit and even if it means antagonizing completely, and probably permanently, their public-sector unions. More |
Corporate welfare in the federal budget costs taxpayers almost $100 billion a year. More |
The next president may have to save us from Greece's fate. More |
Politicians are constantly looking for ways to keep enacting expensive new regulations and dispensing goodies without adding to the budget or the deficit. It’s a way to curry favor with voters, who tend to like freebies but dislike paying the costs. One such trick is the unfunded mandate, and it needs to be reined in. More |
Is the Obama administration targeting the most successful poverty-reduction program in decades? More |
The modern regulatory state is a bipartisan enterprise: During the half-century before President Obama's election, the greatest growth in regulation came under Presidents Richard Nixon and George W. Bush. And the Bush administration set the stage for many of the Obama initiatives that Republicans are now attacking. More |
In the next two decades, their political power will wane, and America will finally achieve meaningful K-12 reform. More |
Most Americans (84 percent) exceed their parents’ income at a similar stage. Income gains were sizable across the economic spectrum. There's more good news, according to a new study. More |
We don't improve our material well-being by depriving ourselves of the chance to get more goods for less money. More |