Debt and Deficits

Dreamland, USA

by Victor Davis Hanson Tribune Media Services Barack Obama just gave a belated but stern warning about escalating debt — a few weeks after he presented a 2011 budget with a $1.6 trillion annual deficit, the largest shortfall in American history. Share This

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After Obama, the Deluge

by Victor Davis Hanson Tribune Media Services President Obama established a bipartisan debt-reduction commission — and then ignored its findings, which called for unpopular reductions in entitlements and across-the-board spending cuts. Share This

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Pruning Farm Subsidies

by Victor Davis Hanson Tribune Media Services In times of massive deficits, why are we borrowing millions to subsidize profitable agribusiness? Lots of presidents have asked that question. George H. W. Bush tried to cut farm subsidies. Bill Clinton did, too. George W. Bush wanted them ended as well. All failed. Share This

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Bubbles, Bubbles Everywhere

by Victor Davis Hanson Tribune Media Services The 2008 financial crash originated with a housing bubble. Not long ago, the cheap-money policies of the Federal Reserve, the infusion of trillions of dollars in new foreign investment, and the misguided policies of Freddie Mac and Fannie Mae all conspired to extend to millions of Americans lots

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