Determined to subjugate Taiwan under Chinese Communist Party rule, China is building warships and weapons at a vast pace and scale. Our military — and economy — simply is not ready. If Taiwan falls, the American alliance structure in the Pacific will suffer a potentially deadly blow. China will be able to compel the political […]

The rot runs deeper than we thought.  In May, the public received another update from the Social Security trustees confirming that the Social Security Trust Fund will be insolvent in nine years. But buried in the data was the alarming statistic that the total cost of Social Security insolvency has ballooned to $615 trillion in […]

Industrial policy is back in Washington, D.C., and its supporters are already crediting it with an American manufacturing “boom.”  In one narrow sense, they have a point: Shortly after Congress and the Biden administration authorized trillions of dollars in federal subsidies for renewable energy and semiconductors under the Inflation Reduction Act and the CHIPS and […]

As we celebrated the Fourth of July last week and reflected on the past, present, and future of our nation, I was reminded of something Thomas Jefferson once wrote: “It is incumbent on every generation to pay its own debts as it goes.”   This is a fiscal imperative and moral obligation that has gone ignored […]

Next year is going to see an epic showdown over tax policy. Many provisions of Republicans’ 2017 tax law are set to expire, and most people’s taxes will go up if Congress doesn’t step in. Of special interest to parents, and to Republicans’ growing working-class base, will be how the final compromise treats marriage and […]