The United States must race for economic growth. Both political parties are addicted to spending. We need to tax consumption, not investment. We need to do so because the federal deficit approaches 100% of gross domestic product. The outlook is bad. It shows deficits are set to rise faster than nominal GDP growth, real growth plus inflation, […]

Americans look to the federal government to keep the economy strong. It is the top concern voters want the president and Congress to address. But the federal government is wholly unsuited to bring about changes that can have a positive effect on the economic fortunes of Americans. In fact, it often makes things worse when […]

Social Security, the so-called “third rail” of politics, is ever-present in federal elections. And usually, it features in presidential elections.  Democrats accuse Republicans of seeking to slash seniors’ benefits. Republicans, meanwhile, pressure Democrats regarding the tax increases necessary to keep Democrats’ promises to pay all benefits in full, despite Social Security’s $24 trillion-plus long-term funding […]