The Washington Post is a left-wing newspaper, so I’m never surprised to find examples of biased reporting. Last month, for instance, I made fun of the Post for asserting that Germany was “fiscally conservative.” I also mocked the Post last March, when a reporter…
Daily Analysis
Europe’s Fiscal Crisis Is Caused by too Much Government, and Deficits and Debt Are Merely Symptoms of that Problem
I don’t expect a good outcome to the European fiscal crisis, largely because nobody seems to understand that the real problem is excessive government spending. The economic illiterates in the press sometimes say the fight in Europe is between austerity and…
What’s More Compassionate for the Poor, Dependency or Self-Reliance?
I’ve written a couple of times about the Food Stamp program, citing ridiculous examples of waste, fraud, and abuse. These include: Using food stamps to buy luxury coffee at Starbucks. Buying steaks and lobster with food stamps. The Obama Administration rewarding…
Illinois Leftist Does a Facepalm, Confirming that Higher Taxes Enable Higher Spending While Trying to Make the Opposite Point
Two days ago, I explained that tax increases are bad policy. More specifically, I warned that giving more money to government exacerbates fiscal problems because politicians respond to the expectation of more revenue by spending more than otherwise would be the case….
Making Obama Seem Reasonable by Comparison, Merkel and Sarkozy Propose Higher Taxes to “Strengthen Growth Now”
The German Chancellor and French President have put together a plan to boost growth. Sounds like a good goal, but what specifically are they proposing? Some of the obvious ideas include: Lowering tax rates to boost incentives for productive behavior. Reducing the…
The “Cougar” Edition of Great Moments in Political Correctness
I try not to get too wound up about political correctness. As a general rule, it’s best to make fun of the that crowd, which is why I have shared PC versions of ‘Twas the Night Before Christmas and the Fable of the Ant and the Grasshopper. Every so often, though, I…
Illinois Downgrade Provides More Evidence that Higher Taxes Make Fiscal Problems Worse, not Better
I don’t blame the Democrats for wanting to seduce Republicans into a tax-increase trap. Indeed, I completely understand why some Democrats said their top political goal was getting the GOP to surrender the no-tax-hike position. I’m mystified, though, why some…
ABC News Produces Empty and Biased Story on Mitt Romney and Tax Havens
Exactly 10 days ago, I predicted that the press would attack Mitt Romney for using tax havens. In that post, I wrote that, “…based on the questions, it appears that the establishment media wants to hit Romney for utilizing tax havens… As far as I can tell, none of…
Another Much-Needed Defense of Tax Competition and Tax Havens by a British Politician
I sometimes make fun of the English, for reasons ranging from asinine laws to milquetoast politicians to horrid healthcare policy. But at least some U.K. elected officials are willing to stand up for tax competition and fiscal sovereignty by defending low-tax…
Obama Administration Supports Rogue IRS Regulation in Order to Please Europeans, Even though It Will Undermine American Banks and Hurt the U.S. Economy
I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force financial institutions to report the deposit interest they pay to foreigners, is bad…