by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending, Taxation
Based on new 10-year fiscal estimates from the Congressional Budget Office, I wrote yesterday that balancing the budget actually is very simple with a modest bit of spending restraint. If lawmakers simply limit annual spending increases to 1 percent annually, the...
by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending
The Congressional Budget Office, as part of The Budget and Economic Outlook: 2017 to 2027, has just released fiscal projections for the next 10 years. This happens twice every year. As part of this biannual exercise, I regularly (most recently here and here) dig...
by Dan Mitchell | Dec 24, 2016 | Big Government, Blogs, Economics, Government Spending
What could be more fun than to spend the day before Christmas reading about fiscal policy? I realize there are probably endless ways to answer that question, particularly since normal people are probably more concerned about the rumor that the feds are going to arrest...
by Dan Mitchell | Aug 23, 2016 | Big Government, Blogs, Government Spending
It’s not a big day for normal people, but today is exciting for fiscal policy wonks because the Congressional Budget Office has released its new 10-year forecast of how much revenue Uncle Sam will collect based on current law and how much the burden of government...
by Dan Mitchell | Jul 16, 2016 | Big Government, Blogs, Economics, Government Spending
If you asked a bunch of Republican politicians for their favorite fiscal policy goals, a balanced budget amendment almost certainly would be high on their list. This is very unfortunate. Not because a balanced budget amendment is bad, per se, but mostly because it is...
