As the Senate and Congress ready themselves for a debate over tax reform, Dan Mitchell, a senior fellow at the Cato Institute, writes that the policymakers should ignore the shouting of class warriors and, like Reagan, focus on the entire economy. Faster economic growth is the best solution to the problems of everyone in the […]
Trump Keeping Promises, With No Help from the GOP
Despite a Congress and Senate that appear to be determined to do absolutely nothing until at least 2018, President Donald Trump has been ticking off a number of promises kept to voters. At The American Conservative, Pat Buchanan writes that the GOP coalition has gone to war against itself. This obviously can’t be a good […]
Political Hand-Wringing Our New Version of Fun?
Heather Wilhelm writes in NRO: (B)ut let’s move on to the pressing national issue of Melania Trump’s high heels. In case you missed it, several of our nation’s leading media outlets staged a collective freakout over the fact that the first lady wore fancy shoes to board a plane for a Hurricane Harvey publicity visit. […]
Fuzzy Math Can’t Hide This State’s Pension Trouble Anymore
For years I have warned against over optimistic return expectations on pension funds (See here, here, here, here, here, and here for starters). States like Illinois are known to have unrealistic pension expectations, but new rules forcing states into more rational calculations for their pension fund returns have outed Minnesota as another pension fund risk […]
U.S. Air Force Testing Dangerous Gravity Bomb
The U.S. Air Force recently tested its most advanced nuclear weapon, the B61-12 gravity bomb. This new bomb, dubbed the B61-12 LEP, is part of the B61 life extension program. The Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) and the U.S. Air Force completed two qualification flight tests of a B61-12 gravity bomb […]
Should the U.S. Cut Japan and South Korea Some Slack?
For generations now the United States has implemented policies limiting the armament of Japan and South Korea. Each is now an ally, but limited by military weakness. What good is having an ally that’s so weak they can’t contribute to their own defenses? Doug Bandow, a senior fellow at the Cato Institute, has written in […]
What Can We Learn from Denmark?
Under the heading of “even a blind squirrel finds a nut,” Denmark targets deep tax cuts. What are we waiting for? Peter Levring writes at Bloomberg: By encouraging more people to work, the government expects to generate more revenue via sources such as value-added tax, Jensen said during a press conference in Copenhagen. “There’s still […]
Greetings from Estonia
A Teachable Moment in the Law of Unintended Consequences
Guess what? Despite environmentalists’ outrage, Americans can once again purchase bottled water within our national parks. Yes, it’s the end of an Obama-era policy seeking to reduce plastic waste. Which is a good thing, you are likely thinking. But read below what actually happened after America’s Park Service spent millions of dollars on water fountains […]
Scheuer: Trump Should Purge General Officers Corps
Michael Scheuer, former head of the CIA’s bin Laden unit, urges President Trump to purge the general officers corps for reasons including: –They and their predecessors have not won a war since 1945. In truth, they have won nothing in the most war-filled 72 years in American history. –They have regularly betrayed the military men […]
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