Why is America ... rich? That's the question I ask on this week's show (Thursday @ 9pm ET on FBN). Of course, many American don't feel particularly "rich" at the moment,  but if you look at the most of the world, America is rich. In fact, for most of human history, poverty has been the norm. What did America and other wealthy countries do that the rest of the world didn't? Two things: they offered their citizens rule of law and economic freedom... continue reading »

This Friday at 10pm, Fox News will broadcast my heated argument with NYC Transit Worker’s Union President John Samuelsen.  It’s part of my special, “The Battle for the Future.” Samuelsen, of course, argues that its ridiculous for me to say that “union thugs are bankrupting America.”   We also have a confrontational exchange about sick days.  I said:  “One fourth of your workers took more than 15 sick days. In the private sector, they wouldn’t last long doing that.” He responded, “About 25% of our work force are women... continue reading »

This chart tells the story.  Our government has already spent thirteen trillion more dollars than it has taxes to cover. Tonight's show (FBN @ 9pm ET) is all about why we're bankrupting America and what we can do about it. The future looks ugly... continue reading »

I have a new documentary airing this weekend (Saturday @ 9pm ET and Sunday @ 8pm & 11pm ET) called, "The Battle for the Future." Let's face it: The news is ugly.  Big government keeps growing. The Federal government alone now spends $10,000 per American, pushing our debt to more than $13 Trillion. Total government spending eats up 40% of the economy! Yet the Progressives who rule elite colleges teach that government spending solves problems... continue reading »

Union protestors, angry over government spending cuts, shut down transportation in France and England today. The AP reports:

French unions challenged unpopular President Nicolas Sarkozy with a major nationwide strike over plans to raise the retirement age from 60 to 62, shutting down trains, planes, buses, subways, post offices and schools. ... continue reading »

The economy continues to show few signs of life. No matter what special tricks government employs to stimulate economic growth, unemployment remains high  .   Yet   the Washington Post writes that "Corporate profits are soaring. Companies are sitting on billion of dollars of cash. And still, they've yet to amp up hiring or make major investments." So, where are the jobs? Why aren't companies investing this money, hiring new workers, and ramping up production?... continue reading »

James Farrell, from the Fox News Brainroom, writes:

The New York Times has finally discovered what everyone else (including Obama economic advisor Larry Summers) has long recognized: extending the duration of unemployment benefits increases the duration of unemployment...

A Times reporter looked at Denmark... continue reading »

Ted DeHaven at Cato points me to the new Bureau of Economic Analysis report that shows government workers continue to gain on the private sector workers who struggle to pay for what Washington doles out... continue reading »

This week the NY Times expressed outrage at Congress’ reluctance to extend federal unemployment benefits.  

 “Desperately needed unemployment benefits have been held hostage …The right thing to do is obvious. The House and Senate should immediately extend unemployment benefits and aid to states...”  ... continue reading »

Now that more Americans are aware of the federal government’s irresponsible spending, today’s WSJ gives The Manhattan Institute's Steve Malanga space to remind us that many state politicians are just as bad.

"State and local borrowing as a percentage of U.S. GDP has risen to an all-time high of 22% in 2010."... continue reading »