Looking at Europe’s Self-Inflicted Economic Disaster (and Getting a Glimpse of America’s Obamanian Future)

by Dan Mitchell | Jul 20, 2011 | Big Government, Blogs, Economics, Government Spending

llister Heath is one of the best economic columnists in Europe and his analysis of Europe’s fiscal situation is rather grim. But Americans can’t be smug. This is where the Bush-Obama policies, combined with demographics, are leading America. Here’s Allister’s analysis...

The Gang of Six Is Back from the Dead: Contemplating the Good, the Bad, and the Ugly in their Budget Plan

by Dan Mitchell | Jul 19, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation

The on-again, off-again “Gang of Six” has come back on the scene and is offering a “Bipartisan Plan to Reduce Our Nation’s Deficits.” The proposal is quite similar to the one put forth by the President’s Simpson-Bowles Commission, which isn’t too surprising since some...

The Debt-Limit Fight, “Cut, Cap, and Balance,” and Rescuing America from Greek-Style Fiscal Collapse

by Dan Mitchell | Jul 18, 2011 | Big Government, Blogs, Government Spending

Here’s a new video from the Cato Institute, featuring my pearls of wisdom, along with equally sage commentary from my colleague Chris Edwards. We make two simple points. First, America faces a Greek-style fiscal crisis if we leave the federal budget on autopilot...

The Federal Government Has Been Bailing Out Romneycare, but Who Will Be Available to Bail Out Obamacare?

by Dan Mitchell | Jul 18, 2011 | Big Government, Blogs, Government Spending, Health Care

The Beacon Hill Institute in Massachusetts has just released a very good – but very depressing study. The research finds that costs have jumped under Romneycare, but that’s not surprising. After all, politicians always underestimate the cost of new entitlements. The...

So Long as He Gets What He Wants, Obama Is Flexible in the Budget Negotiations

by Dan Mitchell | Jul 17, 2011 | Big Government, Blogs, Government Spending, Taxation

Appearing on Freedom Watch, I explain that the White House is very flexible. The President will be happy if GOPers cut their own wrists and agree to a tax increase. That means Obama can tax and spend. But he’ll also be satisfied if Republicans approve a “clean debt...