DOGE Can Succeed by Scaling Back Its Ambitions
The new advisory group promises bold savings and massive spending cuts, but without any expertise in the federal budget, it’s likely to be all bark and no bite.
Social Security
Social Security Approaches Its Day of Reckoning
Americans should plan for their futures rather than relying on a nonexistent Social Security “trust fund.”
Abolish Social Security
Stop robbing poor, hard-working Peter to pay well-off, retired Paul.
Trump's First Term Wasn't Fiscally Responsible. Will His Second Be Different?
Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
To Succeed at Cutting Government, Musk and Ramaswamy Must Take on Entitlements
When it comes to cutting waste, fraud, and abuse, what's lacking is not ideas but the political will to act on them.
Trump Has No Discernible Interest in Fiscal Responsibility
The president-elect’s record and campaign positions belie Elon Musk’s talk of spending cuts.
Neither Trump Nor Harris Wants To Drain the Swamp. They Want You To Join It.
Both candidates have promised a litany of special favors to handpicked constituencies. If you don't fit into the right categories, you'll pay the price.
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
Donald Trump and Kamala Harris Keep Making Economically Illiterate Promises
These policies may sound good on paper—but they would be disastrous in reality.
Biden and Harris' Record on Spending and Debt Is a Tragedy of Epic Proportion
When they entered the White House, the budget deficit was a pandemic-influenced $2.3 trillion, and it was set to fall to $905 billion by 2024. It's now twice what it was supposed to be.
Chase Oliver on Budget Cuts, War, and Immigration
"Right now, we need to get ourselves at least to a balanced budget, and that involves cutting a lot of the third rails of American politics," the Libertarian presidential nominee tells Reason.
Don't Expect a Return to the Trump Economy
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Bob Murphy: How Bad Is the National Debt?
Economist Bob Murphy explains the technical details of government debt and why Modern Monetary Theory is so dangerously wrong.
Trump and Harris' Economic Plans Are Depressingly Similar
Both campaigns represent variations on a theme of big, fiscally irresponsible, hyper-interventionist government.
The U.S. Can't Afford To Cut Taxes on Social Security Benefits
The campaign promise from Donald Trump sounds nice, but it would be disastrous when considering the program is already racing toward insolvency.
Chase Oliver: Q&A With the Controversial Libertarian Party Candidate
The 2024 Libertarian Party presidential candidate speaks out about the Israel-Hamas war, the authoritarian impulses of both Donald Trump and Kamala Harris, and homophobia within his own party.
Lessons for the U.S. from Japan's Lost Decade
Facing an economic downturn in the 1990s, Japan racked up debt. America should not repeat that mistake.
The Real Economic Catastrophe Will Be Caused by the U.S. Debt
Should we blame Biden and the politicians applauding him for their unwillingness to address our looming fiscal disaster?
Trump and Harris Are Just Making It Up as They Go
Both are embracing a total policy nihilism and turning the election into a cynical pander-off.
We Showed Trump Voters the National Debt
We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.
Republicans Hammer Biden on Inflation. But Do They Have a Better Plan?
Opening night of the Republican National Convention programmed a central issue with a Trumpian twist: "Make America Wealthy Again."
The 2024 GOP Platform Promises To 'Make America Affordable Again.' So Why Are They Embracing Fiscal Insanity?
Although former President Donald Trump's deregulatory agenda would make some positive changes, it's simply not enough.
Republicans Confirm Their Plan To Let Social Security Go Insolvent
Which party can do the least to fix America's troubled old-age welfare system?
The National Debt Is Crossing an Ominous Line
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
'I Don't Support Mandates From Government': John Stossel Interviews Libertarian Presidential Nominee Chase Oliver
The candidate makes the case against the two-party system.
Eating Doritos While Drowning in Debt
Plus: A listener asks if there are any libertarian solutions to rising obesity rates.
The National Debt Is Now So High That Every American Essentially Owes $100,000
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
Why aren't politicians on both sides more worried than they seem to be?
Social Security and Medicare Are Going Insolvent. Neither Biden nor Trump Has a Plan for It.
Social Security is expected to hit insolvency in 2035, while the portion of Medicare that pays for hospital visits and other medical care will be insolvent by 2036.
The Real Tax Gap
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
Biden and Trump Try To Wish Away the Looming Entitlement Crisis
Neither presidential candidate is willing to back the reforms necessary to close the gap between revenue and benefits.
Biden's Antitrust Case Against Apple Is Truly Stupid
Plus: A listener asks about the absurdity of Social Security entitlements.
A GOP Plan To Raise the Retirement Age Reveals How Unserious Washington Is About Social Security
An obvious, tepid reform was greeted with shrill partisan screeching.
Biden's Proposed Corporate Tax Hike Will Punish the Average American
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
Patrick Ruffini: Why Blacks and Hispanics Are Turning to Trump
The Republican pollster argues that the "working class is concentrated in states that are more electorally significant to the outcome of the election."
Biden Says He'll Make the Wealthy Pay More To Fix Social Security. Here's Why That Won't Work.
Raising the payroll tax cap could generate up to $1 trillion over 10 years, but Social Security faces a $2.8 trillion deficit.
A Bipartisan Tax Hike Won't Fix This Deficit
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
Brian Riedl: Who Bankrupted Us More—Trump or Biden?
"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."
Politicians Need To Stop Pretending the National Debt Is Sustainable
The reality raises questions about the kind of future we want to leave for the next generation.
20 Percent of Welfare Spending Goes to the Households Taxed To Fund It
It's not robbing Peter to pay Paul. It's more like robbing Peter to pay Peter.
Why America Should Be More Like Sweden (It's Not What You Think!)
Sweden reformed socialistic aspects of its pension system and introduced partial privatization.
DeSantis, Haley Highlight the Republican Party's Deeply Unserious Approach to Social Security
A decade ago, DeSantis was supporting real efforts at reforming Social Security. Now, he's refusing to even acknowledge the problem.
On Economic Issues, the Populist Right and Left Share a Lot of Common Ground
That's bad news for Americans.
Yes, Heavy Regulation Hurts the Economy. Just Look at France.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Here's One Way To Move Toward Responsible Government and Sane Fiscal Policy
The Copenhagen Consensus has long championed a cost-benefit approach for addressing the world's most critical environmental problems.
Are Republicans Finally Getting Serious About Social Security?
This week's debate was the first signal that the party's next presidential nominee might actually understand the entitlement crisis.
