by Dan Mitchell | Oct 26, 2011 | Blogs, Taxation, VAT
The Secretary of the Treasury, Tim Geithner, is infamous for conveniently forgetting to pay tax on $80,000 of income and then getting kid-glove treatment from the IRS when his crime was uncovered. Not only did Geithner avoid even a slap on the wrist, he was confirmed...
by Dan Mitchell | Sep 29, 2011 | Bailouts, Blogs
One almost feels sorry for Treasury Secretary Tim Geithner. He’s a punchline in his own country because he oversees the IRS even though he conveniently forgot to declare $80,000 of income (and managed to get away with punishment that wouldn’t even qualify as a slap on...
by Dan Mitchell | Sep 16, 2011 | Big Government, Blogs, Economics, Government Spending, Tax Harmonization, Taxation
This is either frightening or hilarious. The people in Washington who are trying to make America more like Europe are advising the Europeans to double-down on the awful policies that have pushed the continent’s welfare states to insolvency. Here are some of the...
by Dan Mitchell | May 14, 2011 | Big Government, Blogs, Economics, Government Spending
There’s a lot of buzz about a Wall Street Journal interview with Stanley Druckenmiller, in which he argues that a temporary delay in making payments on U.S. government debt (which technically would be a default) would be a small price to pay if it resulted in the...
by Dan Mitchell | Apr 15, 2011 | Big Government, Blogs, Economics, Government Spending
By taking advantage of “must-pass” pieces of legislation, Republicans have three chances this year to restrain the burden of government. They didn’t do very well with the ‘CR fight” over appropriated spending for the rest of FY2011, which was their first...
