August 11, 2026

Are we in the midst of the rise of China and the decline of America? [graphs]

If these days and years will be seen as great, it will be because we will decide in coming months and years what course we will take, pass policies that reverse the trends and return America to its competitive edge and full solvency as the best investment in the world, or whether we will lapse into decline. Will we figure out a way to care for the poor and disadvantaged, to keep our promises to older generations, but refrain from pouring an unbearable burden on our children and grandchildren?

Or, perhaps better said: will we return America to a beacon on a hill, the leader of the free world? [cont…]

Could Congressman Chaffetz save Social Security? [Charts]

Would you believe that Social Security is now running in a deficit? Shocker, right? According to the 2011 Annual Report  (the “Report”) to Social Security and Medicare Boards of Trustees, “Social Security expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983.” Or, in other words, Social Security sent out to retirees […]

Perspectives on last week’s debt debate: two sides of the same coin

How the “left” sees the recent debt ceiling debate/crisis… And how the “right” sees it… Is it any surprise that the politicians had a hard time finding a middle ground? They don’t see eye to eye on what the problem is in the first place. Also, what’s with this “super committee” that’s lacking any deficit […]

From the WSJ: “Republicans and Mediscare”

The reality is that Medicare “as we know it” will change because it must. The issue is how it will change, and, leaving aside this or that detail, the only alternatives are Mr. Ryan’s proposal to introduce market competition or Mr. Obama‘s plan for ever-tightening government controls on prices and care. Republicans who think they […]

Entitlement Reform: Start with Social Security

It is almost cliché for my generation to joke that  Social Security will be gone before we retire.  It may be a stretch, but it really is no joking matter. Social Security is in a bad way, and it is getting worse. The number of Social Security recipients is  growing faster than the number of people paying […]

Book Review: “Comeback America: Turning the Country Around and Restoring Fiscal Responsibility” by David M. Walker

As the former comptroller general of the United States, David Walker knows a little about the fiscal workings of the modern federal government. For fifteen years, he served under both Republican and Democratic presidents from Reagan to Clinton to the Bushes), and had a unique opportunity to call into question the decisions that have lead […]

While the world watches, the world’s largest debtor quibbles…

“The longer Congress fails to act, the more we risk that investors here and around the world will lose confidence in our ability to meet our commitments and our obligations,” Geithner said in a letter to congressional leaders. via Geithner warns U.S. to hit debt ceiling by May 16 | Reuters. Meanwhile, in Congress: A […]