Chris Edwards | All Articles

Chris Edwards
Chris Edwards
  • Subscribe to RSS
  • Bio

      Chris Edwards

      Chris Edwards is editor of Cato’s

Government Debt: Jefferson And Gallatin Were Right

A pro-Euro protestor holds a Greek national flag and a European Union flag during a rally in front of the parliament building, in Athens, Greece, June 30, 2015. REUTERS/Yannis Behrakis

The world economy is getting rattled this week by the consequences of excessive government debt. Greece may be cut off from its international creditors, and Puerto Rico announced that it cannot make full payments on its massive debt. In both cases, years of excessive spending are sadly dealing a crushing blow to the living standards of millions average citizens.

Martin O’Malley’s Terrible Fiscal Record

9:18 AM 04/27/2015

Former Maryland Governor Martin O’Malley is readying himself for a White House run. His recent rhetoric on economics shows that he will run to the left of Democratic frontrunner Hillary Clinton. After two terms of an unpopular left-wing president, that is surely the last thing the country needs.

Tax Day: Not Painful Enough

12:17 PM 04/14/2015

A lot of people hate Tax Day. Filling out tax forms is drudgery, and being forced to pay cash to the IRS is painful, especially since the taxes fund so many wasteful activities. Taxes are not the price of a civilized society as liberals claim, but the price of a government cluttered with failed and harmful programs.

Thankfully, Obama’s Dumb Capital Gains Plan Is Going Nowhere

11:52 AM 01/20/2015

President Obama’s new tax proposals show that he is not interested in bipartisan tax reform. The plan to be outlined in his State of the Union address is anti-growth, anti-savings, and pro-complexity. Left-wing political consultants might like the plan, but not serious tax reformers. Obama himself has called for simplifying the tax code, but his proposals — including the expansion of tax credits — would make the code more complicated.

Why Ending FEMA Will Improve Disaster Response

3:49 PM 11/18/2014

Under the U.S. Constitution, the powers delegated to the federal government are “few and defined,” as James Madison noted in Federalist 45, while the powers of the states “will extend to all the objects which, in the ordinary course of affairs, concern the lives, liberties, and properties of the people.”

10 ways the Income Tax harms civil liberties

10:33 AM 04/11/2014

The Internal Revenue Service scandal over the targeting of conservative groups has highlighted the agency’s power to obstruct our political freedoms. Filing taxes every April also drives home how the government reduces our freedom.

Cutting the $4 trillion budget

4:23 PM 02/13/2014

Media attention on the federal budget usually focuses on contentious issues, such as the debt limit, food stamp cuts, and Republican cave-ins. But let’s look at the big picture: What does the government spend almost $4 trillion of our money on each year?

The real lesson of Bridgegate: Privatize the Port Authority

5:01 PM 01/17/2014

USA Today reports: “The Port Authority, which operates the bridge at the heart of a New Jersey scandal, says a key appointee of Gov. Chris Christie directed the controversial closing of access lanes to the George Washington Bridge ... David Wildstein and Bill Baroni, who were appointed to the Port Authority by Christie, have resigned in the wake of the scandal.”

Why is the federal government so wasteful?

6:12 PM 01/08/2014

I’ve followed federal budget issues for two decades, and there has been a never-ending stream of scandals regarding wasteful spending. Programs do not work, officials get caught frittering away taxpayer money, and many unscrupulous people are ripping off federal benefits. The Obamacare website disaster and the recent (and huge) disability fraud bust in New York City are just the latest scandals.

The budget deal is a huge Republican cave-in

10:03 AM 12/11/2013

Republicans in Congress have put in a dismal fiscal performance in 2013. The party could not come together to defund the disastrous Obamacare law. No progress was made tackling entitlements or eliminating programs. Republicans joined with Democrats to move ahead the wasteful farm bill. And the year began with a large income tax increase.

The Income Tax: A century is enough

12:20 PM 10/03/2013

Alexander Hamilton won in the end. As Treasury Secretary in the 1790s he championed an array of “internal” taxes to supplement federal revenues from import tariffs. Thomas Jefferson despised Hamilton’s internal taxes as assault on liberty, and when elected in 1800 he made sure that they were abolished.

End federal aid photo-ops, by ending federal aid

4:07 PM 09/13/2013

I was struck by a photo and story in the Washington Post and Baltimore Sun earlier this week. A group of high-powered politicians had assembled at the Port of Baltimore for a ceremony to roll out a federal grant for seaport investment. The group included the vice president of the United States, the two U.S. senators from Maryland, the Secretary of Transportation, and numerous other important political leaders.

Why economic growth depends on reforming Social Security

4:51 PM 08/06/2013

Rivers of red ink continue to flow from the federal budget, and we still face an entitlement spending crisis. But you wouldn’t know it from the priorities of the two political parties: President Obama has been busy pushing for more “investment” spending, and the Republicans have been consumed by the administration’s scandals.