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More Keynesian Primitivism from the Congressional Budget Office

by Dan Mitchell | Aug 12, 2015 | Big Government, Blogs, Government Spending

I never watched That ’70s Show, but according to Wikipedia, the comedy program “addressed social issues of the 1970s.” Assuming that’s true, they need a sequel that addresses economic issues of the 1970s. And the star of the program could be the Congressional Budget...

The Congressional Budget Office’s Semi-Decent Dynamic Scoring of Obamacare Repeal

by Dan Mitchell | Jul 8, 2015 | Blogs, Economics, Health Care

I’m a long-time advocate of “dynamic scoring,” which means I want the Congressional Budget Office and Joint Committee on Taxation to inform policy makers about how fiscal policy changes can impact overall economic performance and therefore generate “feedback” effects....
America’s Greek Fiscal Future

America’s Greek Fiscal Future

by Dan Mitchell | Jun 20, 2015 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements

Last September, I wrote about some very disturbing 10-year projections that showed a rising burden of government spending. Those numbers were rather depressing, but a recently released long-term forecast from the Congressional Budget Office make the 10-year numbers...

Chairmen of House and Senate Budget Committees Propose Good Budgets, Particularly Compared to Obama’s Spendthrift Plan

by Dan Mitchell | Mar 19, 2015 | Big Government, Blogs, Economics, Government Spending

Earlier this year, President Obama proposed a budget that would impose new taxes and add a couple of trillion dollars to the burden of government spending over the next 10 years. The Republican Chairmen of the House and Senate Budget Committees have now weighed in....

Why “Dynamic Scoring” Is Far More Accurate Than “Static Scoring”

by Dan Mitchell | Feb 12, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

I’ve written several times about the importance of appointing sensible people to head the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT). Heck, making reforms to these Capitol Hill bureaucracies is a basic competency test for Republicans....
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