by Dan Mitchell | May 23, 2017 | Big Government, Blogs, Government Spending
It’s both amusing and frustrating to observe the reaction to President Trump’s budget. I’m amused that it is generating wild-eyed hysterics from interest groups who want us to believe the world is about to end. But I’m frustrated because I’m reminded of the terribly...
by Dan Mitchell | Apr 27, 2017 | Blogs, Economics, Taxation
I expressed pessimism yesterday about Trump’s tax plan. Simply stated, I don’t think Congress is willing to enact a large tax cut given the nation’s grim fiscal outlook. In this Fox Business interview, I elaborated on my concerns while also pointing out that the plan...
by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending, Taxation
Based on new 10-year fiscal estimates from the Congressional Budget Office, I wrote yesterday that balancing the budget actually is very simple with a modest bit of spending restraint. If lawmakers simply limit annual spending increases to 1 percent annually, the...
by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending
The Congressional Budget Office, as part of The Budget and Economic Outlook: 2017 to 2027, has just released fiscal projections for the next 10 years. This happens twice every year. As part of this biannual exercise, I regularly (most recently here and here) dig...
by Dan Mitchell | Dec 24, 2016 | Big Government, Blogs, Economics, Government Spending
What could be more fun than to spend the day before Christmas reading about fiscal policy? I realize there are probably endless ways to answer that question, particularly since normal people are probably more concerned about the rumor that the feds are going to arrest...
