Michael D. Brown

During last night’s radio program I had a discussion with a caller about how much wealth confiscation it would take to fund the federal deficit. The genesis of that call was the recent CBO announcement of the fiscal year-end deficit and it’s scoring of Obama’s millionaire surtax. Seems that surtax will cover four months of [...]

The headlines in today’s news are not encouraging: Treasury Secretary Geithner says jobs created by the stimulus program cost an average $200,000 but were worth it, a super-rich doofus from Google shouts out to Obama at town hall meeting to “raise my taxes,” and Gallup reports that a new survey says half of Americans think [...]

We need this debate. Without it, the United States will never, ever, get its fiscal house in order. And to think that two Republicans are epitomising the polar opposites shows how seriously the debate should be taken. Democrats will necessarily skip this debate, as it goes against their big government nature. A little background. FEMA [...]

While President Obama parties at the White House, S&P lowers America’s credit rating. On April 19, 2011, Treasury Secretary Timothy Geithner assured Americans there was “no risk” of a credit downgrade. Just listen to the first minute, unless you’re a masochist: Watch the latest video at video.foxbusiness.com It happened anyway. After quite incredible reports of [...]

The party is over. The drama ended. So where are we? According to Dan Mitchell of the Cato Institute, only slightly better off than before this deal, but only if you consider how Washington works. In the great scheme of things, we’re not really any better off than before. Here is all you need to [...]

Lately I’ve become discouraged that Congress will do anything about out-of-control spending. They’re too vested in re-election, pandering to special interest groups, lack any political courage, and are generally becoming weasels when it comes to honesty about the current fiscal situation. Until now. But their honesty now makes me even more cynical. I don’t necessarily [...]