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Two months ago, the House adopted a budget resolution that outlines the Republican majority's ambitious plans to slow the growth of federal entitlement spending. If implemented properly, entitlement spending restraint can address the long-term fiscal imbalance in a way that promotes economic growth and freedom.
The White House has proposed a “Buffett Rule” mandating that taxpayers earning more than $1 million pay at least 30% of their income in federal income taxes. The unfairness the Obama administration has identified is only one limited, albeit eye-catching, manifestation of more systemic problems in the tax code.
In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.
Recent economic research suggests that colleges siphon off a significant portion of federal education aid rather than lowering costs to students
The "Buffett Rule's" stated goal of making millionaires pay the same tax rates as the middle class is appealing. Unfortunately, the proposal is based on inaccurate claims about the tax system and its enactment would penalize the investment that fuels long-run economic growth.
President Obama promised that the brunt of any financial reckoning will fall mostly only on those making more than $250,000 annually. Under his healthcare plan, the economic agony starts at income levels that fall much lower than that.
The same money can't be spent twice. ObamaCare tries to do precisely that, and the government will have to borrow the difference.







