by Dan Mitchell | Sep 24, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
The fiscal turmoil in Greece is not about fiscal balance. It’s a fight between looters and moochers such as Olga Stefou, who think taxpayers should endlessly subsidize everything, and the shrinking group of productive people who are pulling the wagon and keeping...
by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
The Congressional Budget Office has just released the update to its Economic and Budget Outlook. There are several things from this new report that probably deserve commentary, including a new estimate that unemployment will “remain above 8 percent until 2014.” This...
by Dan Mitchell | Aug 24, 2011 | Big Government, Blogs, Economics, Government Spending
ust last week, I made fun of Paul Krugman after he publicly said that a fake threat from invading aliens would be good for the economy since the earth would waste a bunch of money on pointless defense outlays. Yesterday, there were rumors that Krugman stated that it...
by Dan Mitchell | Aug 9, 2011 | Big Government, Blogs, Government Spending
I cover a wide range of issues in this interview for Bloomberg Asia. My main theme, not surprisingly, is that government is too big. And I specifically warn about the looming explosion of entitlement spending as the baby boom generation retires.
by Dan Mitchell | Aug 8, 2011 | Big Government, Blogs, Economics, Government Spending
President Obama just spoke about the downgrade and his remarks were very disappointing. He uttered some empty platitudes, offered no plan, (amazingly) called for more government spending, and continued his advocacy of class-warfare taxation. So what does this mean?...
