by Dan Mitchell | Aug 2, 2023 | Big Government, Blogs, Economics, Government Spending
I’m not a big fan of Moody’s, Fitch, and Standard & Poor’s. As I explained in this 2011 interview, these credit rating firms don’t provide much insight, at least with regards to assessing whether governments can be trusted to honor their...
by Robert O'Quinn | Jul 25, 2023 | CF&P Foundation Prosperitas Studies, Publications
[PDF Version] Federal Spending Primer, Part I: Budget Basics By Robert P. O’Quinn* This primer explains the core features of federal budgeting. The first section defines key concepts related to spending, revenue, loans, and debt. The second section...
by Dan Mitchell | Jul 6, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
I sometimes disagree with the Committee for a Responsible Federal Budget because they mistakenly focus on reducing deficits and debt, which makes them very vulnerable to supporting counterproductive tax increases (such as...
by Dan Mitchell | Jun 29, 2023 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new Long-Term Budget Outlook and I will continue a now-annual tradition (see 2018, 2019, 2020, 2021, 2022) of sharing some very bad news about America’s fiscal future. Here’s the most...
by Dan Mitchell | May 29, 2023 | Big Government, Blogs, Government Spending
Looking just at fiscal policy, who is the worst president in American history? Based on historical data from the Office of Management and Budget, I calculated a few years ago that Richard Nixon was the biggest spender, followed by Lydon...
