Cato scholars examine federal, state, and local spending and tax issues from a limited government perspective. They explore the benefits of lower-rate tax systems, the distortions caused by government spending, and the dangers of rising debt. A guiding principle for budget policy is federalism, the idea that federal activities should be limited and that most government activities are better handled by the states.
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Social Securitys Financial Crisis: The Trust Fund Myth Uncovered
Most people misunderstand the Social Security trust fund, believing it holds real financial assets that ensure future benefits. But there’s a big problem.
