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...

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...

I Hope I’m Wrong, But Here’s Why Republicans Will Lose the Debt-Limit Fight

by Dan Mitchell | Jul 13, 2011 | Big Government, Blogs, Government Spending, Taxation

There are three reasons why I’m not very hopeful about the outcome of the debt-limit battle. 1. There is no unity in the GOP camp. Republicans have been all over the map during this fight. Some of them want a balanced budget amendment. Some want a one-for-one deal of...