The total federal government spending in 2013 totaled $3,454,253,000,000—over $3.4 trillion—encompassing defense, highway and transportation costs, public education, immigration services, and government worker salaries, to name a few.
Matt Damon made headlines a few years ago when he went on an expletive-laced screed about teachers’ poor (not his word, but close) salaries. It’s personal to him because Damon’s mother is an early childhood education professor.
Let’s agree with Damon that good teachers should earn a lot. The job can be very demanding, and it is crucial to society. So what would it take to pay teachers a great salary — say, something around $90,000 a year or more? That’s actually possible, without raising taxes or adding to the great American debt mountain. Here are three major barriers to that.
The biggest fallacy regarding Social Security is that it would be easier politically to cut Social Security benefits rather than to fundamentally reform the way the program works, so as[...]