by Dan Mitchell | Sep 3, 2017 | Blogs, Economics
Government subsidies have an unfortunate habit of causing widespread economic damage and often result in huge burdens for taxpayers (though sometimes consumers are the ones getting pillaged). Fannie Mae and Freddie Mac subsidies contributed to a massive housing...
by Dan Mitchell | Mar 17, 2017 | Big Government, Blogs, Government Spending
President Trump has released his budget blueprint. From a big picture perspective, the size of government won’t change. He’s kicking the can down the road on entitlements, which is obviously disappointing for people who can add and subtract. He does cut some domestic...
by Dan Mitchell | Jan 16, 2017 | Big Government, Blogs, Government Spending
When politicians create programs and announce projects, they routinely lie about the real costs. Their primary goal is to get initial approval for various boondoggles and they figure it will be too late to reverse path once it becomes apparent that something will cost...
by Dan Mitchell | Dec 9, 2016 | Big Government, Blogs, Government Spending, Government Waste
Last month, I explained that America’s fiscal problems are almost entirely the result of domestic spending programs, particularly entitlements. Some critics immediately decided this meant I favored a blank check for the Pentagon, even though I specifically stated that...
by Dan Mitchell | Feb 9, 2016 | Big Government, Blogs, Energy, Government Spending, Taxation
We have good news and bad news. The good news is that President Obama has unveiled his final budget. The bad news is that it’s a roadmap for an ever-growing burden of government spending. Here are the relevant details. The President wants the federal budget to climb...
