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Tag Archives: fiscal policy

Playing Hardball on a Government Shutdown Is the only Short-Run Way to Make Fiscal Progress

Playing Hardball on a Government Shutdown Is the only Short-Run Way to Make Fiscal Progress

I haven’t written much about the budget fights over a government shutdown, Obamacare, the continuing resolution, and the debt limit for the simple reason that the battles are mostly about… Read more »

Medicare: Recipients Pay for Hamburger, They Get a Hamburger, but Taxpayers Are Being Charged for a Steak

Medicare: Recipients Pay for Hamburger, They Get a Hamburger, but Taxpayers Are Being Charged for a Steak

One of the challenges of good entitlement reform (or even bad entitlement reform) is that recipients think they’ve “earned” benefits. If you tell them that programs such as Medicare are… Read more »

Testifying to the Joint Economic Committee about “Debt Limit Brinksmanship”

Testifying to the Joint Economic Committee about “Debt Limit Brinksmanship”

As we get closer to the debt limit, the big spenders in Washington are becoming increasingly hysterical about the supposed possibility of default if politicians lose the ability to borrow… Read more »

A Rare Sign of Fiscal Sanity in France

A Rare Sign of Fiscal Sanity in France

We have an amazing man-bites-dog story today. Let’s begin with some background information. A member of the European Commission recently warned that: “Tax increases imposed by the Socialist-led government in… Read more »

It’s Amazingly Simple to Balance the Budget

It’s Amazingly Simple to Balance the Budget

I’m testifying tomorrow to the Joint Economic Committee about “The Economic Costs of Debt-Ceiling Brinkmanship.” I won’t give away what I’m going to say (though you can probably figure out… Read more »

Tax Havens and Tax Competition Are Crucial if We Want to Restrain Predatory Government

Tax Havens and Tax Competition Are Crucial if We Want to Restrain Predatory Government

I’m very worried about America’s fiscal future. Simply stated, data from several sources (BIS, OECD, and IMF) indicates that we face a future Greek-style fiscal crisis unless policy makers implement… Read more »

Turning New York City into Detroit?

Turning New York City into Detroit?

I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The… Read more »

Mirror, Mirror, on the Wall, Barack Obama (Surprisingly) Is Not the Biggest Spender of All

Mirror, Mirror, on the Wall, Barack Obama (Surprisingly) Is Not the Biggest Spender of All

I got involved in a bit of a controversy last year about presidential profligacy. Some guy named Rex Nutting put together some data on government spending and claimed that Barack… Read more »

Least. Surprising. Headline. Ever.

Least. Surprising. Headline. Ever.

As illustrated by this chart, economists are lousy forecasters. To be more specific, economists are no better than fortune tellers when trying to make short-run macroeconomic forecasts. Heck, if we… Read more »

The Common-Sense Case for Dynamic Scoring

The Common-Sense Case for Dynamic Scoring

As regular readers know, one of my great challenges in life is trying to educate policy makers about the Laffer Curve, which is simply a way of illustrating that government… Read more »