Our debt is out of control - nearly 70% of our economy, and it's projected to reach Greek-like levels in just 15 years. What to do? Many politicians say: stimulate!

John Maynard Keynes believed that. Last night on the O'Reilly Factor, Bill attacked me for defending Ron Paul's criticism of Keynes and the Fed. It's hard to make points over Bill's interruptions, so I'll make some here... continue reading »

How can the big spenders still call proposed budget cuts "draconian"?

"Stimulus" dollars went to fund a study on teaching Chinese prostitutes to drink responsibly. That was one of the ridiculous spending programs I highlighted in my last special "The Money Hole."

But it's just one of many. Every year, Uncle Sam gives about $150 million to Brazilian cotton farmers. Why?... continue reading »

The media spent so much time covering union protests in Wisconsin, that I mostly missed a much bigger protest over much bigger (17,000 government workers fired!) cuts in Puerto Rico.

When Luis Fortuno became governor in 2009, Puerto Rico's economy was a mess.

Or, as he told me:

"Not just a mess. We didn't have enough money to meet our first payroll."... continue reading »