by Dan Mitchell | Oct 27, 2015 | Big Government, Blogs, Economics, Government Spending
During the 1980 presidential campaign, Ronald Reagan famously said “there you go again” when responding to one of Jimmy Carter’s attacks. Well, the Gipper’s ghost is probably looking down from Heaven at the new budget deal between congressional leaders and the Obama...
by Dan Mitchell | Jul 29, 2015 | Big Government, Blogs, Economics, Government Spending
Remember the big debt limit fight of 2013? The political establishment at the time went overboard with hysterical rhetoric about potential instability in financial markets. They warned that a failure to increase the federal government’s borrowing authority would mean...
by Dan Mitchell | Dec 2, 2014 | Big Government, Blogs, Economics, Government Spending
It’s time to puncture the myth that libertarians are congenitally dour and pessimistic. We’re going to look at some fiscal data that must be very depressing for President Obama and other advocates of big government. But that means this information must be very good...
by Dan Mitchell | Nov 18, 2014 | Big Government, Blogs, Government Spending
Notwithstanding the landslide rejection of Obama and his policies in the mid-term election, I don’t think this will produce big changes in policy over the next two years. Simply stated, the GOP does not have the votes to override presidential vetoes, so there’s no...
by Dan Mitchell | Aug 20, 2011 | Blogs, Uncategorized
…Well, I’m not sure what it means. But it sure doesn’t make sense when you look at the big picture. A credit card company wouldn’t increase a deadbeat’s credit limit, so why is it a sign of fiscal prudence to give Uncle Sam more borrowing authority? That being said, I...
