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Continued Spending Restraint Can Quickly Balance the Budget

by Dan Mitchell | Jan 26, 2015 | Big Government, Blogs, Government Spending, Taxation

Just like the swallows return each year to Capistrano, I eagerly await the Congressional Budget Office’s release of its annual Economic and Budget Outlook. But not just because I’m a fiscal wonk. I also like perusing this publication to find CBO’s “baseline” forecast...

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...

European Politicians Love the Underground Economy…When It Means They Can Spend More Money

by Dan Mitchell | Jul 11, 2014 | Big Government, Blogs, Economics, Europe, Government Spending

Libertarians tend to like – or at least have a grudging respect for – the underground economy. For instance, even if we’re personally very straight-laced, we don’t like government prohibitions against gambling, drugs, and prostitution. This is why we’re not upset when...

Bragging about the Debt Brake…but Failing to Explain What Makes It Successful

by Dan Mitchell | Apr 27, 2014 | Big Government, Blogs, Economics, Government Spending

What happens when you mix something good with something bad? To be more specific, what happens when you have a big success story, like the spending cap in Switzerland that has dramatically slowed the growth of government, and then expect intelligent and coherent...
The Golden Rule of Spending Restraint

The Golden Rule of Spending Restraint

by Dan Mitchell | Apr 7, 2014 | Big Government, Blogs, Economics, Government Spending

My tireless (and probably annoying) campaign to promote my Golden Rule of spending restraint is bearing fruit. The good folks at the editorial page of the Wall Street Journal allowed me to explain the fiscal and economic benefits that accrue when nations limit the...
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