From the Downsizing Blog
Beltway Bandits
Next year, the new president will face budget deficits and interest costs spiraling upwards. He or she will need to find spending to cut. How about all the waste and overcharging in federal contracting?
Social Security Is a Legal Ponzi Scheme
Unlike a genuine savings account, where individual contributions accumulate and grow over time, Social Security’s structure is far more akin to a classic Ponzi scheme.
FEMA’s Role in Hurricanes
FEMA is the lead federal agency for natural disaster response, but the American system of disaster response is not a top-down structure imposed by Washington.
Our Debt to the Future?
We, the beneficiaries have a duty to preserve for future generations the conditions necessary for growth and opportunity. But we instead risk leaving them buried under mountains of debt.
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