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By Paul Ryan and Les Ford Aug. 20, 2026 - ...America’s safety net is badly broken. It often punishes families who make progress toward financial stability. Parents who work more hours or increase their salaries can lose more in benefits than they gain in income.... a hypothetical single parent in the District of Columbia gains nothing financially as earnings rise from $11,000 to $65,000. When these “benefit cliffs” punish parents for earning more or getting married, they weaken the foundations of self-sufficiency and help transmit poverty from one generation to the next....UBI doesn’t solve any of this and creates another...
By Niall Ferguson Feb. 21, 2025 - What I call Ferguson’s Law states that any great power that spends more on debt service than on defense risks ceasing to be a great power. The insight is not mine but originates with the Scottish political theorist Adam Ferguson, whose “Essay on the History of Civil Society” (1767) brilliantly identified the perils of excessive public debt. Read More
By Ben Sasse July 19, 2026 - The filibuster prevents the dramatic pendulum swings that are the natural result of simple-majority lawmaking. Every election and every vote becomes an existential crisis in a system that no longer plods through checks and balances but instead rushes to European-style referenda.... It’s a partisan’s dream: Court packing, new states, federal takeover of state elections...Sweeping changes to nearly every aspect of national and local life....The reality is that once the dam breaks, the stakes will climb endlessly higher. Read More
By Marian L. Tupy July 20, 2026 - But what makes such conduct possible in the first place? Democrats rightly blame the man....But there is another culprit. The power of the federal government, which commands the fate of every major enterprise in America. A tariff waiver can mean billions for one company and bankruptcy for its rival. An antitrust filing can erase a decade of shareholder value in an afternoon. A procurement decision can build a company, and a regulatory finding can bury one. When the government holds that much influence, officials need not even demand tribute. Tribute arrives on...
By Justice Clarence Thomas- Progressivism was the first mainstream American political movement—...—to openly oppose the principles of the Declaration. Progressives strove to undo the Declaration’s commitment to equality and natural rights, both of which they denied were self-evident....But we were fortunate not to trade our Lockean bounds for the supposedly enlightened world of Hegel, Marx and their followers. Fascism—which, after all, was a national socialism—triggered wars in Europe and Asia that killed tens of millions. The socialism of the Soviet Union and the People’s Republic of China proceeded to kill more tens of millions of their own people. This is...
By Scott Bessent - June 23, 2026 - Economic security begins with the capacity to build, invent, finance and scale the industries that will define the next century, among them semiconductors, artificial intelligence, quantum computing, advanced manufacturing, shipbuilding, critical minerals and pharmaceuticals. More than economic sectors, these are sources of national power. The U.S. must lead in all of them. Read More
By Phil Gramm and John Early - Dec. 17, 2025 - Yet even as our economy has experienced broad-based growth, real federal welfare spending has soared by 765%, more than twice as fast as total federal spending, and now costs $1.4 trillion annually. Were that money simply doled out evenly to the 19.8 million families the government defines as poor, each household would receive more than $70,000 a year. The source of this dramatic mismatch is a fraud built into how various programs determine welfare eligibility: The government doesn’t count any refundable tax credits or benefits that aren’t paid in...
By Mike Pence & Ed Feulner - Summer 2025 - An existential identity crisis now grips the American right. A political movement once united by a commitment to limited government, moral order, and a robust defense of American ideals now appears fractured, its purpose clouded by populist grievances and ideological drift. The urgency of this moment demands a return to first principles, along with a reexamination of what conservatism means and what it seeks to achieve in an age marked by cultural upheaval and political polarization. Read More
By Phil Gramm and John Early - Spending on Medicaid, Internal Revenue Service cash welfare payments (refundable tax credits) and the Supplemental Nutrition Assistance Program (food stamps) has grown in inflation-adjusted dollars by 671%, 1,463% and 289% respectively since 1990. By contrast, total real Medicare, Social Security and defense expenditures have grown by 383%, 186% and 38% respectively. Medicaid absorbs seven times as much general revenue as Social Security—more than Social Security and Medicare combined. Read More
By Phil Gramm and John Early - The Census Bureau fails to count two-thirds of all government transfer payments to households in the income numbers it uses to calculate not only poverty levels but also income inequality and income growth. In addition to not counting refundable tax credits, which are paid by checks from the U.S. Treasury, the official Census Bureau measure doesn’t count food stamps, Medicaid, the Children’s Health Insurance Program, rent subsidies, energy subsidies and health-insurance subsidies under the Affordable Care Act. In total, benefits provided in more than 100 other federal, state and local transfer payments aren’t...
By Joseph C. Sternberg - The truth is much more complex, and politically challenging: While some other economies suppress domestic consumption and subsidize export production, Americans choose to do almost exactly the opposite. Through political choices such as suppressing energy production and distribution, or permitting red tape and the like, or any number of other policy foibles, we make it much harder than it otherwise would be to produce things in the U.S. Meanwhile, you can’t take a step in America without tripping over a consumption subsidy. Most glaring, though, are our entitlements. Social Security, Medicare and Medicaid, not to...
By Phil Gramm and Jodey Arrington - Means-tested social-welfare spending totaled $1.6 trillion in 2023. Welfare spending now absorbs an astonishing 72.6% of unobligated general revenue (total revenue net of Social Security and Medicare payroll taxes and premiums and mandatory interest on the public debt) and is larger than the claims against unobligated general revenue by Social Security (4.1%), Medicare (23.5%) and defense (37.2%) combined. Read More
By Phil Gramm and John Early - Real government transfer payments to the bottom 20% of household earners surged by 269% between 1967 and 2017, while middle-income households saw their real earnings after taxes rise by only 154% during the same period. That has largely equalized the income of the bottom 60% of Americans. This government-created equality has caused the labor-force participation rate to collapse among working-age people in low-income households and unleashed a populist realignment that is unraveling the coalition that has dominated American politics since the 1930s. Read More
By John F. Cogan - Following World War II, and especially during the peak years of the Great Society (1965-74), the federal government greatly expanded its spending on activities that were traditionally regarded as state and local affairs. ... New expenditures on traditionally state and local activities as a share of GDP accounted for more than the growth in total federal spending during this period. ... In other words, the entire increase in national debt is traceable to the federal government’s spending on state and local activities. The abandonment of fiscal federalism has ... begun to undermine our security. National...
By Judy Shelton - Entitlement programs have accounted for all the growth in federal spending relative to gross domestic product in the past 60 years, causing the persistent budget deficits during that period. Entitlement expenditures are determined differently from so-called discretionary programs. Spending on the latter programs is set by fixed appropriations of money. Entitlement expenditures aren’t fixed in advance but determined by the program’s level of benefits, its eligibility rules and economic factors. Jurisdiction for entitlement legislation is dispersed among more than a dozen committees in each congressional chamber....In this system, no committee is accountable for total spending. Each...
By Tunku Varadarajan and John Cochran - The present crisis may “reteach our politicians, officials and commentariat the classic lessons that there are fiscal limits, that fiscal and monetary [policy] are intertwined.” It may also teach them, Mr. Cochrane says, “that a country with solid long-term institutions can borrow, but a country without them is in trouble.” Read More
By Phil Gramm and Mike Solon - Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood. History withholds its wisdom from those who ignore its lessons. Forty years ago this month, the fiscal policy of President Ronald Reagan and the monetary policy of Federal Reserve Chairman Paul Volcker broke the back of the 20th century’s most destructive inflation, ushered in an economic expansion that effectively lasted a quarter of a century, and banished inflation—until now. Read More