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New European Central Bank Study Finds that Government Spending Undermines Growth
The fiscal policy debate often drives me crazy because far too many people focus on deficits. The Keynesians argue that deficits are good for growth and this leads them to… Read more
The Revised Bowles-Simpson Tax-Hike Plan Might Be even Worse than the Previous Version
I wrote last September that the budget plan put forward by Erskine Bowles and Alan Simpson was fatally flawed. There were some positive features in the plan, to be sure,… Read more
An Aggravating Reminder of Government Waste on Tax Day
Remember the Spending Quiz from 2010, which asked people to guess whether absurd examples of government waste were true or false? Well, we have a new video on government waste,… Read more
Entitlement Spending Is America’s Biggest Fiscal Challenge, but Discretionary Spending Is Still Far too High
If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social Security, Medicare, Medicaid, and Disability are all fiscal train wrecks today,… Read more
Burden of Government Spending Will Be $2 Trillion Higher in 2023 According to Obama’s Budget
If you include all the appendices, there are thousands of pages in the President’s new budget. But the first thing I do every year is find the table showing how… Read more
Debunking Krugman’s European Austerity Narrative
Statists are in a tough position. For years, they’ve been saying the United States should be more like Europe. And, as shown in these very funny cartoons by Michael Ramirez… Read more
Early Details Show Obama Will Propose a Bait-and-Switch Budget Plan Containing Higher Taxes and More Spending
Are we about to see a new kinder-and-gentler Obama? Has the tax-and-spend President of the past four years been replaced by a fiscal moderate? That’s certainly the spin we’re getting… Read more
The Fuse Is Burning Brightly on France’s Fiscal Time Bomb
It’s been more than three weeks since I targeted French fiscal policy for abuse and more than one week since I wrote something negative about the French fiscal system. I… Read more
What’s the Right Point on the Laffer Curve?
Back in 2010, I wrote a post entitled “What’s the Ideal Point on the Laffer Curve?“ Except I didn’t answer my own question. I simply pointed out that revenue maximization… Read more
California’s Golden Bureaucrat Snags $400K of Yearly Compensation – for the Rest of Her Life!
Check out some of the ridiculous details about the woman who has earned the title of California’s Golden Bureaucrat. Alameda County supervisors have really taken to heart the adage that… Read more
