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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...

Balanced Budget Requirements Don’t Work as Well as Spending Limits

by Dan Mitchell | May 25, 2015 | Big Government, Blogs, Government Spending

When I first came to Washington back in the 1980s, there was near-universal support and enthusiasm for a balanced budget amendment among advocates of limited government. The support is still there, I’m guessing, but the enthusiasm is not nearly as intense. There are...

Bill Clinton and the Retroactive Application of Mitchell’s Golden Rule

by Dan Mitchell | Apr 1, 2015 | Big Government, Blogs, Economics, Government Spending

It’s amazingly simple to reduce the burden of government spending. Policy makers simply need to impose some modest spending restraint so that government doesn’t grow faster than the economy’s productive sector. In a display of humility that can only be found in...
The Outcome of the Fiscal Fight in Greece and Implications for Spain, Italy, Ireland, Portugal, France, Belgium, Etc

The Outcome of the Fiscal Fight in Greece and Implications for Spain, Italy, Ireland, Portugal, France, Belgium, Etc

by Dan Mitchell | Feb 18, 2015 | Bailouts, Big Government, Blogs, Economics, Government Spending

There’s a big fiscal battle happening in Europe. The relatively new Greek government is demanding continued handouts from the rest of Europe, but it wants to renege on at least some of the country’s prior commitments to improve economic performance by reducing the...

America’s Built-In Greek Fiscal Future

by Dan Mitchell | Aug 1, 2014 | Big Government, Blogs, Government Spending, Welfare and Entitlements

I had a very bad lunch today. But not because of what I ate. My lunch was unpleasant because I moderated anoontime panel on Capitol Hill featuring Senator Ron Johnson of Wisconsin and my Cato colleague Chris Edwards. And I should hasten to add that they were splendid...
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