What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.
John StosselGovernment is so big today that more than half the population gets a major part of its income from the state.
John StosselFreedom works, and government, when it grows beyond the barest minimum, keeps people poor.
John StosselAsking someone in the media about liberal bias is like asking a fish about water. 'Huh, what are you talking about? Where is it?'
John StosselIf individuals can take from a common pot regardless of how much they put in it, each person has an incentive to be a free rider, to do as little as possible and take as much as possible because what one fails to take will be taken by someone else.
John StosselPeople vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.
John Stossel