Taxes and Spending

Secretary of the Treasury, Jack Lew, released the government's audited financial statement and it make Bernie Madoff's books look like Warren Buffet's financial statements!

Some NATO members are hinting that they're not really willing to fight wars for the sake of other NATO members. 

For the IRS and the federal government in general, the Drug War is just the gift that keeps on giving since the high tax rates can be traced back to a 1980s-era anti-drug law.

It’s laudable when we give gifts that are truly ours to give. This should not be confused with giving away the property of others. In either case, if we want more wealth to give away, we have to produce wealth first.

If our "representatives" in Washington cared anything for fiscal responsibility or keeping costs under control, the US would leave NATO immediately, or at least take a small step in the right direction by expelling Turkey from NATO, ASAP.

In a private market, households bear the costs of their own unhealthy habits. In a socialized economy, everyone bears these costs, and governments know it pays to emphasize this fact, even if the stats turn out to be wrong.

Bribes can work both ways. Sometimes it pays to bribe politicians for what you want. But voters will often happily exchange votes for free stuff. In fact, the latter strategy has been proven to work wonders if one wants a bigger government.

Drafting women into the military has suddenly become the latest frontier in achieving "equality." If we want real equality though, we need only agree to never force men into coerced service to the state, either.

Lately, the Fed has been more and more involved in directly funding the Federal government by handing over Fed revenues to the Treasury. In fact, the Fed is handing over enough money to fund the entire food stamp program, and then some.

In our efforts to soak the present rich we have been soaking the future poor.