tax cuts

Did the US Government just become insolvent?

by

No. One of the more eye-catching claims doing the rounds this week comes from a Fortune article arguing that the U.S. government is “insolvent”. The evidence? The Treasury’s own financial statements for 2025 show roughly $6 trillion in assets against nearly $48 trillion in liabilities. Add in long-term “unfunded” obligations for Social Security and Medicare … Read more

Shrinking The State | Trump vs Starmer

by

How easy is it to cut the size of Government? The original strapline for my blog right at the start was “small business is good, big government is bad”. Part of my dislike of big government comes from my own experiences as a Civil Servant. This gave rise to Chadwick’s laws of public finance and … Read more