Local governments in Texas have accumulated excessive public debt. Strict reforms are necessary to restore fiscal discipline. Key points: In fiscal year 2025, local government borrowing reached nearly $561 billion in combined principal and interest, which is $17,706 in debt per capita. From 2016 to 2025, total local debt rose from $331.8 billion to $561...
In their apartments and homes, the Soviet citizens of Leningrad huddled in fear, wincing at every slam of the door, every step on stairs, every spoken word outside. Stalin’s Great Terror was upon them, and the relentless machine of his NKVD churned on, arresting and grinding up dissidents, disfavored minorities, and people that were just...
Recently, former President Trump floated the idea of creating “a government efficiency commission a federal commission to audit the entire federal government.” And even better, he suggested putting Elon Musk in charge of the commission, saying he is a great “cost-cutter.” Unleashing a commission of this nature on the federal government, led by a titan...