President Obama is increasing government spending even faster than the budget numbers imply. That’s because some of his increased spending is disguised as cuts in taxes. 

The current crisis of the European single currency was an accident waiting to happen. The adverse consequences of imposing a single currency on a disparate group of countries were initially hidden by the short-run advantages that the weakest countries enjoyed when they adopted the euro in 1999—and…

The cap and trade legislation supported by the Obama administration is a stealth strategy for a massive long-term tax increase. It is a large tax on all American households, and the tax burden rises in future years without any need for further legislation. It will evolve into an enormous new source…