By using borrowed money to sustain levels of spending that current state taxes can’t sustain, Perdue and legislative leaders have set the stage for future tax hikes.
If you think about it, public approval of social institutions tends to vary according to size.
Separating the decision to tax from the decision to spend is not a good policy response to past fiscal mismanagement. It will only guarantee future fiscal mismanagement.
Publicly held federal debt will rise from the equivalent of 41 percent of the nation’s economy in 2008 to 65 percent in 2010 and a staggering 82 percent by 2019.
We’ve had a preview of how the new American corporatist state would operate, thanks to the proliferation of corporate welfare deals.
The latest vice championed by government is that North Carolinians ought to spend beyond their means and stop saving for a rainy day.
A cautionary tale from Dr. Seuss offers plenty of wisdom as we cope with the ill effects of a federal bailout boondoggle.
Tough economic times bring the need for even greater dedication to the principles of market success, not abandonment of the market in favor of government handouts. The idea of pleasing the customer — first by attracting their business, then by gaining their loyalty — absolutely cannot be ignored in a system in which consumers are free to choose.
When government decides to "save" an industry, that decision takes vital resources away from other industries and entrepreneurs who drive economic growth.
Your grandkids will hang on your every word as you tell the tale of how you were there when Bailout Nation was born.
In this moment of panic, posturing, and grave threat to freedom and prosperity, it’s important for everyone to grasp the meaning behind the term “moral hazard.”
