I talked a couple of days ago to Neil Cavuto about whether the Obama Administration is slightly modifying its class-warfare tax policy. As you can see, I’m not overly fixated on the parsing of Biden’s comments since I’m against higher tax rates for anyone. And my…
Daily Analysis
No Matter How Hard He Tries, Obama Will Never Be as Bad as FDR
I’ve explained on many occasions that Franklin Roosevelt’s New Deal was bad news for the economy. And the same can be said of Herbert Hoover’s policies, since he also expanded the burden of federal spending, raised tax rates, and increased government intervention. So…
The Federalism Solution to the Medicaid Nightmare
This election season has seen lots of talk (and demagoguery) about whether investors, entrepreneurs, and small business owners should be hit with class-warfare tax policy. And there’s also been lots of debate about the best way of averting bankruptcy for Medicare,…
European Politicians Share Obama’s View of a “Balanced Approach”
President Obama supports higher taxes, but he usually claims he only wants higher tax rates on evil rich people as part of his class-warfare agenda. Heck, he promised back in 2008 that, “no family making less than $250,000 a year will see any form of tax increase. Not…
Amusing California Satire by Walter Williams, but What if Gov. Brown Takes It Seriously?
I periodically mock the crazy statists of California. The state is almost surely doomed to suffer a Greek-style fiscal chaos. The only unknown is whether Illinois will beat the Golden State into default. The politicians in Sacramento impose very high taxes to fund a…
America’s Best and Worst Governors
One of my favorite Cato Institute publications is the Fiscal Policy Report Card on America’s Governors, which is produced by my colleague Chris Edwards. The report card uses variables such as the burden of government spending and the degree of class warfare tax policy…
How Corrupt Is Washington?
Regular readers know that Washington is a very sleazy city. Just as rats and cockroaches are attracted to a dumpster, con artists and fraudsters are attracted to big government. A bloated budget means many opportunities to get unearned wealth by being politically well…
The Problem Is Federally Subsidized School Lunches, Not Michelle Obama’s Healthy Food Initiative
Some people are grumbling that the First Lady has taken the joy out of school lunches. She’s identified with the “Healthy, Hunger-Free Kids Act of 2010,” which uses federal funding to coerce schools into providing meals with fewer calories. But I think this criticism…
A Sign of the Apocalypse? The French and Italians Are More Fiscally Conservative than Americans!
When I first saw this polling data, I thought we had some great news. After all, it shows that Americans – by a margin of more than 4-to-1 – want to reduce the burden of government spending. This comports with data from previous polls, including the recent survey…
France’s Fiscal Suicide
I try to be self aware, so I realize that I have the fiscal version of Tourette’s. Regardless of the question that is asked, I’m tempted to blurt out that the answer is to reduce the burden of government spending. But sometimes that’s exactly the right prescription,…