“First, and most obviously, the U.S. government’s fiscal situation is very bad, getting worse, and driven mainly by unsustainable entitlement programs that grow faster than the economy and inflation, regardless of available revenues.” What you’ve just read comes to us from Cato Institute vice president Scott Lincicome, and he could perhaps be persuaded that it's an implicit rejection of deep market signals.
While government spending is by far the biggest, most anti-freedom and anti-growth tax on the American people, there’s no evidence supporting Lincicome’s claim that “the U.S. government’s fiscal situation is very bad, getting worse.” Market signals explain why.
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