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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.
Withholding needed arms from Taiwan in the present makes a future conflict--and US intervention therein--more likely. A cordial relationship with Beijing today wouldn't seem to be worth the future costs to the United States.
The imbalance in global trade, as China has a surplus and the United States has a deficit, may matter little economically, but the political situation may be more dire, as the world seems to be marching towards a trade war.
Right now, even if the IMF or the World Bank were to call out, key constituencies are not listening.
Here’s the problem: The president never defines what he means by “fair.” And this is for a simple reason: his definition is simply not recognizable to most Americans.
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.
It is troubling that a resource-rich, commodity-based economy such as Australia's is managing to run an outsized external current account deficit at a time of record-high commodity prices.
It’s hardly a surprise that the president’s narrowly focused plan falls short on the fiscal front, with the debt projected to weigh in at a staggering 76 percent of annual GDP in 2022 and poised to rise further in subsequent decades.







