Commentary

Today, Medicare and Medicaid both mark their 55th birthdays. But hold the cake. There's not much to celebrate on this anniversary. You'd be hard pressed to find two more wasteful, fraud-ridden programs than Medicare and Medicaid. They grow less fiscally sustainable with each passing year. And they routinely...

The California Public Employees’ Retirement System, which has a history of making poor choices, plans to become a lending institution. A healthy pension fund wouldn’t be making such a risky decision. Still hurting from $100 billion in losses from the Great Recession, CalPERS was bruised again...

Despite the surge of new cases of COVID-19, increases in the percentage of positive tests, and scores of ICUs at or near capacity, some commentators are still saying things like, “The so-called surge in cases is more fake news pushed by media cheerleaders eager to destroy...