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Where Are the European Spending Cuts?

by Dan Mitchell | May 5, 2013 | Big Government, Blogs, Economics, Government Spending, Keynesian

Paul Krugman recently tried to declare victory for Keynesian economics over so-called austerity, but all he really accomplished was to show that tax-financed government spending is bad for prosperity. More specifically, he presented a decent case against the...

Barack Obama’s $8 Trillion Output Gap

by Dan Mitchell | Apr 21, 2013 | Big Government, Blogs, Economics

I’m not a very exciting guy. It’s Saturday afternoon and I’m perusing the Budget and Economic Outlook from the Congressional Budget Office. But sometimes it pays to be a nerd because I just found an interesting tidbit of information. Here’s what CBO says about the...
The Fuse Is Burning Brightly on France’s Fiscal Time Bomb

The Fuse Is Burning Brightly on France’s Fiscal Time Bomb

by Dan Mitchell | Apr 5, 2013 | Big Government, Blogs, Government Spending

It’s been more than three weeks since I targeted French fiscal policy for abuse and more than one week since I wrote something negative about the French fiscal system. I must be slowing down as I get older, so it’s time of rectify this oversight. My fundamental...

California’s Golden Bureaucrat Snags $400K of Yearly Compensation – for the Rest of Her Life!

by Dan Mitchell | Mar 28, 2013 | Big Government, Blogs, Government Spending, Taxation

Check out some of the ridiculous details about the woman who has earned the title of California’s Golden Bureaucrat. Alameda County supervisors have really taken to heart the adage that government should run like a business — rewarding County Administrator Susan...

Good News: We’re Heading in the Wrong Direction at a Slower Pace

by Dan Mitchell | Mar 27, 2013 | Big Government, Blogs, Government Spending, Taxation

In recent months, people have asked me why I’m acting all giddy and optimistic. Am I hooked on cocaine? Have I fallen in love? Did I inherit several million dollars? These questions started after I said the fiscal cliff was a smaller loss than I expected. Then people...
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