The U.S. welfare state is rushing toward a fiscal cliff. Without a dramatic cut in government spending or a steep increase in taxes, the nations massive indebtedness will spark a fiscal crisis likely to force citizens and politicians to reassess the governments role in the economy and to consider free-market, civil-society-based alternatives.
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|Other Independent Review articles by Benjamin Powell|
|Spring 2016||Dynamics of Intervention in the War on Drugs|
|Summer 2014||Meet the Old Sweatshops: Same as the New|
|Summer 2008||Globalization and Its Enemies|