$69 Trillion of World Debt in One Infographic

The U.S. is also the world’s largest economy in nominal terms, putting the debt to GDP ratio at 104.3%. Other stand outs from the list above include Japan, which has the highest debt to GDP ratio (237.1%), and China , which has increased government debt by almost $2 trillion in just the last two years. Meanwhile, the European economies of Italy and Belgium check the box as other large debtors with ratios topping 100% debt to GDP.

Perils of the New Keynesians

To the extent that government can stimulate growth, it’s through structural reforms that improve the investment climate: Cut red tape. Reduce workplace regulation. Fast-track tax cuts. Fix the state-based payroll taxes and stamp duties on property that stifle labour mobility. Make the 30 per cent company tax rate more internationally competitive. Break the construction union’s monopoly power. Restore monetary policy to its appropriate role of maintaining price stability.

Hungary Shows the Way to Help Threatened Christians, Yazidis of Syria, Iraq

Other traditionally deeply Christian nations like Spain, Portugal, Italy and Ireland need to jump on board too and follow Hungary’s bold lead. The parties that still –laughingly – dare to call themselves Christian Democrats in the European parliaments need to throw their cowardly and contemptible “me-too” open borders liberalism and cultural appeasement overboard at long last too.

Come on Treasury, Time Doesn’t Stand Still

The structural tax cuts would replace the Low-Middle Income Tax Offset (LMITO), which does nothing to improve economic efficiency, and will cost the budget about 10% more than expected. Further, all future federal governments should follow the lead of the UK Treasury in using dynamic tax analysis to give accurate information on economic efficiency and revenue estimates.

Food Is Freedom: How Washington’s Food Subsidies Have Helped Make Americans Fat and Sick

Beyond the simple fact that a tax on meat would be yet another example of government overreach, there are other problems with a meat tax. It is also based on a subjective and dubious interpretation of the effects of meat on both the environment and on personal health. Such a tax would, like existing taxes on sugar and tobacco products, disproportionately impact the poorest Americans.

America’s Financial Suicide: The Budget Deficit Rises 26% in One Year as Federal Spending Spirals Wildly out of Control

We are in the process of committing national financial suicide, and most Americans don’t seem to care.  As  you will see below, the federal budget deficit for the fiscal year that ended on September 30th was the largest in 7 years.  In fact, it was actually 26 percent larger than last year.  Federal spending is wildly out of control, and “non-discretionary spending” is projected to go through the roof in the years ahead.  Under our current system, it is literally going to be impossible to turn things around.  As the Baby Boomers continue to retire, the amount of resources demanded…

Solving Wicked Problems

Education is a ‘wicked problem’ if you go by Australian Public Service Commission criteria. The APSC has long claimed that some policy areas are so complex that they are “highly resistant to resolution.”

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