Preface -- The coming financial crisis : it's worse than you think -- Is the United States becoming Greece? -- The debt deniers -- It's about entitlements, stupid -- Social security : facing up to ponzi -- Medicare: the 800/pound gorilla -- Medicaid : strike two for government health care --...

In 1995, the Cato Institute published a groundbreaking study, The Work Versus Welfare Trade-Off, which estimated the value of the full package of welfare benefits available to a typical recipient in each of the 50 states and the District of Columbia. It found that not only did the value of such...