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To Be Fair, Obama’s Responsibility for the Downgrade Is only 15 Percent

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...

What Are the Consequencs of the Obama Downgrade?

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...

The Clown Prince of Europe

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...

Spending Is Nuts, the Debt Deal’s a Joke, and Some Big Fights Remain

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...

Where Are the Spending Cuts?

by Dan Mitchell | Aug 1, 2011 | Big Government, Blogs, Government Spending

Considering the Democrats control the Senate and the White House, I actually think the Republican leadership did a decent job in the debt negotiations. Of course, I had low expectations, but did anybody expect miracles with Obama in the White House? As you might...
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