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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...

More Anti-Factual Analysis from Paul Krugman

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

I don’t know whether to be impressed or horrified by Paul Krugman. I’m impressed that he’s always “on message.” No matter what’s happening in America or around the world, he always has some sort of story about why events show the need for bigger government. But I’m...

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...
A Fair – but Ultimately Misleading – Critique of GOP Budgets

A Fair – but Ultimately Misleading – Critique of GOP Budgets

by Dan Mitchell | Mar 25, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation

Last week, I applauded the Chairmen of the House and Senate Budget Committees for proposing budgets that complied with my Golden Rule, which means the burden of government would grow slower than the private sector. But my praise was limited because neither budget is...

Chairmen of House and Senate Budget Committees Propose Good Budgets, Particularly Compared to Obama’s Spendthrift Plan

by Dan Mitchell | Mar 19, 2015 | Big Government, Blogs, Economics, Government Spending

Earlier this year, President Obama proposed a budget that would impose new taxes and add a couple of trillion dollars to the burden of government spending over the next 10 years. The Republican Chairmen of the House and Senate Budget Committees have now weighed in....
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