Jason Furman and Austan Goolsbee, two top economists for the Obama campaign, recently wrote an opinion-editorial defending Obama’s increasingly frightening tax plan. The piece aims to proclaim the virtues of doling bread and circuses to the masses, and to justify one of the largest tax increases in American history. Obviously, this deserves some examination since [...]

Here’s the latest gem from Obama: a second mega-billion economic stimulus, financed by punitive taxes. The “emergency measure” would send individuals and families $500 and $1000, respectively. This is the epitome of political pandering, but is cheered on by the clueless media and Obama’s mindless myrmidons.
The Keynesian logic behind these rebates is that returning tax [...]

Theoretically, imposing high taxes on the rich is a handy way to acquire additional tax revenue with minimal political fallout. As a small minority assailed by class warfare and wealth envy, few object to steepening our progressive taxes. Apparently, the repugnance of voting over what to do with a minority’s property- two wolves and a [...]

The insolvency of Social Security has haunted Washington for years. The death knell of this financial apocalypse is the looming retirement of the so-called ‘Baby Boomer’ generation. When this occurs, retirees will discover that the government squandered their savings long ago.
The program was first ratified by FDR in 1935, along with other misguided Keynesian flops. [...]