Wyoming Liberty Group
In my forthcoming book, Remaking America: Welcome to the Dark Side of the Welfare State, I describe how the welfare state reaches a breaking point where government will run away from its promises to citizens and taxpayers – without cutting taxes to compensate. This one-sided roll-back of government leaves people poorer and contributes to a depression of economic activity in the private sector. America is not quite at this breaking point yet, but we can already see a precipitous preview of what is to come on a large scale. Around the country, governments are bailing out of the hospital business in part due to poor reimbursements from tax-paid Medicare and Medicaid. The Wall Street Journal reports:
By Charles Ware
The meeting’s content, originally planned for two days, was presented in one day to accommodate a tour. Committee members and guests took a tour the of energy projects in the Campbell County area. The result was a very packed meeting with delays in covering topics and frustrated presenters.
In a world where government spending only goes one way, the tiny city of Douglas, WY is showing unusual fortitude in actually cutting government spending. After a series of infrastructural investments, during which the city almost doubled its budget, the city council has done what most politicians could never do: they masterfully resisted a temptation to make the temporarily high level of city spending permanent. The Douglas Budget reports on part of the city’s efforts to return its budget from $22 million to a more regular $11.5 million:
By Jason Williams, WLG Commentary
This past week The Road to Serfdom by economist F. A. Hayek, a book that was published 66 years ago, rose to number one on the Amazon.com bestseller list. Hayek was outraged that intellectuals, the “suppliers of ideas,” were selling central planning despite being in the midst of the horrors committed by the Nazi state. British intellectuals of the time were stone deaf to the loud reality: central planning is not only antithetical to human achievement; it leads to atrocities and all manner of degradation and misery. Politicians then as now, glutton-like, fed on the unhealthy ideas of central planning, expanding the waistline of government to obese proportions.