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?...
by Dan Mitchell | Aug 7, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
It was a strange experience to read the comments and emails generated by yesterday’s post on the “Obama downgrade.” Democrats and liberals were upset that I blamed Obama for the downgrade, as you might expect. Republicans and conservatives, however, were agitated that...
by Dan Mitchell | Aug 6, 2011 | Big Government, Blogs, Government Spending
Even though I predicted it had to happen at some point because of the Bush-Obama spending binge and America’s giant long-run entitlement crisis, I confess that I’m somewhat surprised that the United States has suffered a debt downgrade for the first time. That being...
by Dan Mitchell | Aug 4, 2011 | Big Government, Blogs, Government Spending, Tax Harmonization, Taxation
If Jimmy Carter and Barack Obama are neck-and-neck competitors in the contest to be the public face of incompetent statism in America, then the competition in Europe is between Herman van Rompuy and Olga Stefou. But since I’ve already crowned Ms. Stefou as the Queen...
by Dan Mitchell | Aug 2, 2011 | Big Government, Blogs, Government Spending
Here’s the video that won the lucrative Powerline prize. Perhaps not as catchy as the entry I posted a couple of days ago, but very well done, with a proper focus on excessive government. And here’s a video just released by Cato on why the debt deal – at best – is a...
