by Dan Mitchell | May 25, 2016 | Big Government, Blogs, Government Spending
I wrote last year about why Puerto Rico got into fiscal trouble. Like Greece and so many other governments, it did the opposite of Mitchell’s Golden Rule. Instead of a multi-year period of spending restraint, it allowed the budget to expand faster than the private...
by Andrew F. Quinlan | May 6, 2016 | Opinion and Commentary
This article appeared on The Daily Caller on May 5, 2016. Earlier this week, Puerto Rico’s Governor Garcia Padilla (D) announced the island would default on a $422 million debt payment. Padilla’s move is in part an effort to get Congress to pass a rescue package by...
by Brian Garst | Jan 25, 2016 | Opinion and Commentary
This article appeared on The Daily Caller on January 22, 2016. Puerto Rico’s fiscal mess has Congress working frantically to provide “relief.” The island territory is overloaded with debt and cannot meet its obligations, and House Speaker Paul Ryan set March as a...
by Dan Mitchell | Nov 25, 2015 | Big Government, Blogs, Health Care
Shortly after Obamacare was enacted, I started writing about groups victimized by the law. But after highlighting how children, low-income workers, and retirees were disadvantaged by government-run healthcare, I soon realized that I wasn’t saying anything new or...
by Dan Mitchell | Aug 7, 2015 | Blogs, Economics
Is the third time the charm, at least for bailouts? First, we had the TARP bailout in the United States, and that turned out to be a corrupt mess. Second, we had the Greek bailout, which has squandered hundreds of billions of euros to prop up a welfare state. Now we...
