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 nation’s massive indebtedness will spark a fiscal crisis likely to force citizens and politicians to reassess the government’s role in the economy and to consider free-market, civil-society-based alternatives.
The U.S. Economy
The New Normal and an Unsustainable Future
By Benjamin Powell, Taylor Leland Smith
This
article
appeared in
the Winter 2015/16 issue of The Independent Review.
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(7 pages)
| Other Independent Review articles by Benjamin Powell | ||
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| Summer 2014 | Meet the Old Sweatshops:Same as the New | |
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