I've written before about our exploding national debt. But all the trillions and billions can be hard to comprehend. It's why this image from a chain e-mail has gone viral:... continue reading »

A member of the European Parliament, Daniel Hannan, worries about what he calls "The New Road To Serfdom." He says Europe is imploding, and it should be a warning to America.

I interviewed him for my FBN show. And expand on his argument in my syndicated column this week:... continue reading »

The Deficit Supercommittee will probably not reach an agreement by its Wednesday deadline - and the result might be 1.2 trillion in "automatic cuts" over the next 10 years. $600 billion of that would come out of the defense budget.

Politicians howl about that.

"We cannot put America's safety in jeopardy by virtue of the failure of this committee," Romney said... continue reading »

The media tell us the best chance for a deficit-cutting deal that might be supported by both Congress and President Obama is something close to what's been proposed by the so-called "Gang of Six" senators. They claim their plan would reduce deficits by $3.7 trillion over 10 years.

But Cato's Chris Edwards points out, "The Gang outline has a few specific cuts, but the document mainly consists of promises to restrain spending and raise taxes in the future."... continue reading »