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Part 2: A Conversation with Hoover Institution Milbank Senior Fellow Niall Ferguson and CNN's Fareed Zakaria
Join Niall Ferguson and Fareed Zakaria for a dynamic conversation on the state of democracy, the
rising tide of populism, and the powerful forces reshaping the global order—from AI and geopolitical fragmentation to cultural polarization and eroding inst
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video
Entitlements: A Collision Course With Fiscal Reality
Our major federal entitlement programs operate as pay-as-you-go systems—the payroll taxes of today
's workers are transferred to current beneficiaries. While there were roughly 40 workers for every beneficiary in the 1940s, today there are just three.
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