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Higher Revenues with Lower Taxes? The Laffer Curve Explained
The idea that higher revenues can be raised by lowering tax rates seems counter intuitive to many. In fact, politicians who campaign on lowering taxes are often derided as liars, especially in light of budget deficits. It is often asked: how can anyone promise to cut taxes when the government is already short on revenue?…

What’s the Best Way to Fight Poverty?
More Government isn’t the Answer It’s easy to become disheartened when one realizes how many Americans don’t have homes or enough to eat. Despite plenty of charities and government programs being aimed at the problem, it continues. Poverty withstands our best efforts to address it. What if we are focusing too much on the symptom…

10 Federal Programs That Failed Miserably
Photo by wallyg 5. The Environmental Protection Agency Created by an Executive Order signed by President Richard Nixon in 1970, the EPA was created to “protect human health and the environment.” These aims are allegedly achieved by writing (and enforcing) regulations based on laws passed by congress. The agency employs nearly 16,000 people and has…

10 Steps to Fix the US Budget
6. Eliminate the Department of Education Eliminate an entire department, you ask? Yes. Absolutely. The funny thing about the Department of Education is despite trillions in federal dollars poured into it, the Department has failed to achieve even a slight increase in student performances since it was created in the 1970’s. 40 years and unfathomable…

10 More Ways the Government Wastes Your Money
Photo by faungg’s photo 5. FEMA spent $202 000 to rebuild a golf course The federal government rebuffed pleas for assistance from Austin, Texas homeowners that were directly impacted by what some called the storm of the century, but paid hundreds of thousands of dollars to rebuild local golf courses. Last October, Central Texas, including…

10 Sobering Facts About the National Debt
7. Baseline Spending Increases Baseline budgeting is a Washington term that means projected spending increases are included into the budget every year at around 7% in order to cover inflation. This automatic 7% increase has been happening since 1974. Politicians love to make marginal cuts in future spending and claim they are cutting government, even…