Alice in Wonderland Economics

Is there a taxpayer in America who does not think that a large share of America’s taxes go to wasteful, extravagant, or unnecessary programs, asks David Boaz, executive vice president of the Cato Institute. “Federal spending has doubled in the Bush-Obama years. From entitlements to corporate welfare to radically higher military spending to unused NASA towers, surely ever members of both parties should hold firm on the budget caps agreed to in 2011….”

As David explains, Americans have become used to these incomprehensible levels of deficits and debts. It was once rare to acknowledge or be warned of trillions of dollars of debt. Read more from David Boaz here on why, as America’s slow recovery slugs along, “the economy doesn’t need another $75 billion of deficit spending.”

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.