by Dan Mitchell | Jul 30, 2010 | Big Government, Blogs, Taxation
Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t work because politicians never follow through on promised spending cuts. This is a very relevant argument since Obama’s so-called...
by Dan Mitchell | Jul 27, 2010 | Big Government, Blogs
Professor Larry Kotlikoff has some very sobering analysis of America’s fiscal status. Instead of just looking at current deficits, he examines the “present value” of all future expenditures and revenues. Simply stated, America is in worse shape than Greece because of...
by Dan Mitchell | Jul 24, 2010 | Blogs, Government Spending
The Washington Examiner explains that America’s Founders would be aghast to see how modern politicians have accumulated $trillions of debt. That may be true, but the editorial is nonetheless unsatisfactory because it’s quite likely that the founders would be even more...
by Dan Mitchell | Jul 15, 2010 | Big Government, Blogs, Taxation
This MSNBC interview was halfway through before I got a chance to talk, so I was beginning to think I was a victim of bias, but then the host mentioned Greece degenerating like a scene out of Atlas Shrugged. I’m not sure what to think, but I did get in some good shots...
by Dan Mitchell | Jul 13, 2010 | Big Government, Blogs, Taxation
Investor’s Business Daily has an excellent editorial on fiscal policy, and not just because they quote me. They understand that America’s fiscal problem is spending rather than deficits. They also realize that tax increases are completely misguided since the economy...
