Tag: balanced budget
How Leviathan Grew in 2019

The U.S. Treasury Department has released its final monthly treasury statement for the federal government’s 2019 fiscal year, including its final accounting for the entire year. It paints a scary picture of how the growth of government spending is behind the government’s resurgent annual budget deficit, which totaled $984 billion for the year, narrowly...
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Can Congress Restrain Its Promiscuous Spending?

What would it take to balance the U.S. government’s budget over the next 10 years?

Libertarian: What’s in a Label?

John Stossel (who’s leaving ABC to join the Fox Business Network) gave a well-received talk at my university yesterday titled “Freedom and Its Enemies.” Several times during the talk he referred to himself as a libertarian. Sometimes the libertarian label seems like a liability for people who are both (1) serious about substantially reducing...
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Can the Rampaging Leviathan Be Stopped or Slowed?

In a recent commentary titled “Diagnostics and Therapeutics in Political Economy,” I endeavored to show that an analytical understanding of past growth in the government’s size, scope, and power does not permit us to prescribe effective means of stopping or slowing this growth, particularly any simple “silver bullet” remedy, and I specifically disclaimed any...
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Too Close for Comfort

When Franklin D. Roosevelt was campaigning for reelection in 1936, his opponents began to call attention to the president’s failure to keep the promises he had made while campaigning for election in 1932. Roosevelt had promised, among other things, that he would balance the budget, yet in the fiscal years 1934, 1935, and 1936, which...
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In Defense of the (Relatively) Great Warren G. Harding

The latest ratings of presidential greatness tells us more about the priorities of historians than it does about the presidents. The following were rated as the greatest presidents: Lincoln, Washington, Franklin D. Roosevelt, Theodore Roosevelt, and Harry Truman. There is merit to the high rating for Washington. As to the others, they include a...
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