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"This Week in Government Failure"
by Tad DeHaven
"China Currency Hearings a Distraction"
by Daniel Griswold
"And the Last Shall Be First"
by Andrew J. Coulson
Cato: Waste, Fat, and Fraud Doesn't Cut It
It has been nearly two years since President Obama vowed to go through the budget "line by line—eliminating those programs we don't need." Since then, he has signed into law an $800 billion "stimulus" package and a massive new health care entitlement—adding trillions of dollars in unfunded liabilities to our grandchildren's tab.
In a new full page ad appearing in the Wall Street Journal, the New York Times, the Washington Post, the Los Angeles Times, Politico, and the Washington Examiner, the Cato Institute points the President to DownsizingGovernment.org, where we have begun posting the results of our page by page, line by line review of the federal budget.
The Future of the Bush Tax Cuts
As Congress returns for its final session before the elections, the issue of whether to extend the Bush tax cuts appears to be a major one. Recently, House Minority Leader John Boehner suggested that Republicans might not oppose plans to extend the cuts for all but the wealthiest households. Cato scholar Jeffrey A. Miron argues, "To restore vitality to U.S. capitalism, the president needs to show real faith in that capitalism. Extending the Bush tax cuts is a good place to start."
- "Obama's Plan to Raise Tax Rates," by Chris Edwards
- "The Something-for-nothing Quandary," by Tad DeHaven
- "Why the Bush Tax Cuts Worked," by Jeffrey A. Miron
- More Cato Research on Tax Policy
Short Sales Bans: Shooting the Messenger?
Short selling is a strategy employed by investors who believe a stock or other financial instrument will soon fall in price. In response to the recent financial crisis, many governments chose to ban or restrict short sales, hoping to mitigate the impact of the stock market downturn. In a new paper, author and finance professor Laurence Copeland looks at the arguments for and against banning short selling, and concludes that the benefits of stock selling and buying freedom outweigh the short-run uncertain benefits of artificially propping up particular companies' stock prices and partially reducing volatility.
- "Short Sales Bans: Shooting the Messenger?," by Laurence Copeland
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The Struggle to Limit Government
This book assesses the highs and lows of the nearly 30-year struggle to limit government—Reagan's successes and failures, the drift away from Reagan's legacy, and George W. Bush's rejection of limited government—and concludes that the last elections were a repudiation of the failed Bush presidency, not limited government.
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The Right to Earn a Living
For many people, owning a business is the American dream, but attaining that dream has grown increasingly difficult due to laws and regulations that interfere with an individual's right to earn a living. Timothy Sandefur, who has defended many citizens against government restrictions on their economic liberty, charts the history of this fundamental right and its prospects for the future.
Terrorizing Ourselves
Explores disciplined approaches to terrorism and dismantles the flawed thinking that dominates today's national security policy, exposing how politicians manipulate fear for political purposes and anxiety about terrorism is driving military adventurism, exploding the national debt, militarizing domestic affairs, and shifting expenditures away from other urgent priorities.
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