by Dan Mitchell | Jun 20, 2010 | Bailouts, Big Government, Blogs
I hope the title to this blog post is completely wrong, but the news out of Europe is very grim. Politicians have been over-spending and going deeper and deeper into debt. This negatively affects the private sector in the usual ways (higher taxes, unproductive...
by Dan Mitchell | Jun 6, 2010 | Blogs, Europe
The Secretary of the Treasury is a comedian as well as a tax cheat. At least that’s the only rational interpretation of his recent statements in Europe, where he used the do-as-I-say-not-as-I-do routine while pretending to tell the Europeans to be fiscally...
by Dan Mitchell | Jun 4, 2010 | Bailouts, Blogs, Europe
In an uncharacteristic display of fiscal rectitude, Senators voted 94-0 against the Greek bailout. But don’t get too excited. They only voted to instruct the White house to oppose the bailout in the absence of a plan to pay back the money. Needless to say, the...
by Dan Mitchell | May 28, 2010 | Bailouts, Big Government, Blogs, Europe
Americans should not get too smug about the troubles in Europe because the Bush-Obama policies of wasteful spending are bringing us down the same path. The latest evidence comes from a well-researched article about personal income in USA Today showing that the share...
by Dan Mitchell | May 24, 2010 | Bailouts, Big Government, Blogs, Uncategorized
TARP was awful and the GM-Chrysler bailout was terrible, but those wretched pieces of legislation would be surpassed by something even more reprehensible if politicians sign on to this terrible idea to bail out the bloated pension plans of state and local government...
