Creative accounting by the Clinton administration has taken the government's budgetary imbalances out of the media's spotlight. But there is no basis for believing that we are entering a new era of fiscal responsibility. Deficits are likely to dominate future decades just as they dominated the past three.
Privatization is code for an expensive mandatory savings program.
They said the deficit meant they could not cut taxes. What's the latest excuse?
Will government use any trick to get more revenue? Have a look at what's happening to the oil industry.
Far from having been reformed, much less abolished, welfare continues to grow. The most recent example is the attempt by the Clinton administration to convince Americans that there is a "child care crisis," which can only be "solved" through expansion of government. The welfare state has become a deeply destructive but sadly unavoidable fact of life in modern society.
When Clinton declared he would use budget surpluses to "fix" Social Security, the ruse was obvious. He was trying to forestall the only moral use of any surplus: cutting taxes. But a few days later, a very strange trend began to develop. Clintons words were endorsed and echoed by D.C. conservatives and libertarians.
It was a news story to end all news stories—literally. The announcement that a giant asteroid was headed for the vicinity of the earth caused a momentary sensation.
Seen and heard almost everywhere in New York are these four words: "Hey, you never know." It's the slogan of the New York State Lottery Commission, and it is used to trick people into a self-imposed form of higher taxation.
