Author Archives : Dan Mitchell
If You Want Jobs and Growth, Keep in Mind that Obamanomics also Doesn’t Work on the State Level
The Tax Foundation in Washington does some great work on fiscal issues, but I also admire their use of maps when they want to show how various states perform on key indicators. They’re best known for “Tax Freedom Day,” which measures how long people have to work each year before they’ve earned enough to satisfy […]
read more...
Big Government Is the Disease that Enables Corruption, Campaign Contriibutions Are Merely a Possible Symptom
When I write about the importance of understanding the difference between a disease and its symptoms, I’m almost always seeking to help people understand why it’s important to focus on the problem of government spending rather than the side-effect of government borrowing. But the same analogy is useful when looking at issues such as lobbying […]
read more...The Sick Joke of Obama’s Shutdown Strategy
Even though it’s an uphill battle, I’m glad there are some lawmakers willing to fight Obamacare. They realize a hard battle today could help save America from genuine fiscal crisis in the future. I don’t know how this government-shutdown battle (which is morphing into a debt-limit battle) will end, but I’m hopeful the taxpayers get […]
read more...
Make-Believe Debt Limit Hysteria from the Political Establishment
It appears that the government shutdown, which technically is a battle over annual appropriations legislation for so-called discretionary spending, is going to drag on for a while. The Obama Administration has shown zero willingness to negotiate, even though Republicans have made a series of offers to resolve the conflict. And the longer this fight lasts, […]
read more...Cheered on by the OECD, Japan Announces Higher VAT Rate to Enable Bigger Government
If you have any long-term Japanese investments, sell them soon. In part, that’s because the Japanese Prime Minister announced another Keynesian spending binge earlier this year – even though several so-called stimulus plans in Japan have flopped over the past two decades (Keynesian economics doesn’t work anywhere, but that’s a topic for another day). Adding […]
read more...
The Shutdown Fight: Can Advocates of Fiscal Responsibility Overcome the Combined Forces of Obama, Lobbyists, and the Media?
I’m not overly optimistic about the outcome of the government shutdown fight. In part this is because our system of government, based on separation of powers, means it is very difficult to change the status quo. This system, by the way, generally has been good for the country. It probably helps to explain why the […]
read more...
Is Today – the Anniversary of the Income Tax – the Worst Day in American History?
There have been some unfortunate and dark days in American history, but what was the worst day? Some obvious choices include December 7, when the Japanese bombed Pearl Harbor, and September 11, when the terrorists launched their despicable attack. Another option (somewhat tongue in cheek) might be January 20 since Republican partisans would say that’s […]
read more...
What if We Had a Government Shutdown and Nobody Noticed or Cared?
What’s the likely outcome of the government shutdown fight? Well, in my libertarian fantasy world, we leave it closed. Or at least we never bother to reopen counterproductive bureaucracies such as the Department of Education, Department of Agriculture, Department of Energy, Department of Housing and Urban Development, Department of Commerce, Department of Transportation, etc, etc. […]
read more...
Maybe the Real Lesson Is that It’s Best to Shut Down the Federal Government Before a New Fiscal Year Begins
The politicians, bureaucrats, lobbyists and interest groups in Washington are hyperventilating that the federal gravy train may get sidetracked for a day or two by a shutdown fight between Republicans and Democrats. I’m not sure why they’re so agitated. After all, the shutdown is really just a slowdown since only non-essential bureaucrats are sent home. […]
read more...