by Dan Mitchell | Feb 27, 2016 | Big Government, Blogs, Economics, Europe, Government Spending, Taxation
With both Hillary Clinton and Bernie Sanders agitating for higher taxes (and with more than a few Republicans also favoring more revenue because they don’t want to do any heavy lifting to restrain a growing burden of government), it’s time to examine the real-world...
by Dan Mitchell | Feb 6, 2016 | Big Government, Blogs, Economics, Government Spending
Whenever there’s a fight over raising the debt limit, the political establishment gets hysterical and makes apocalyptic claims about default and economic crisis. For years, I’ve been arguing that this Chicken-Little rhetoric is absurd. And earlier this week I...
by Dan Mitchell | Aug 6, 2015 | Big Government, Blogs, Government Spending, Taxation
I have a very mixed view of the Committee for a Responsible Federal Budget, which is an organization representing self-styled deficit hawks in Washington. They do careful work and I always feel confident about citing their numbers. Yet I frequently get frustrated...
by Dan Mitchell | Aug 2, 2015 | Big Government, Blogs, Economics, Government Spending
I wrote last month that the debt burden in Greece doesn’t preclude economic recovery. After all, both the United States and (especially) the United Kingdom had enormous debt burdens after World War II, yet those record levels of red ink didn’t prevent growth. Climbing...
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...
