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...
by Dan Mitchell | Aug 1, 2011 | Big Government, Blogs, Government Spending, Taxation
Politicians last night announced the framework of a deal to increase the debt limit. In addition to authorizing about $900 billion more red ink right away, it would require immediate budget cuts of more than $900 billion, though “immediate” means over 10 years and...
by Dan Mitchell | Jul 29, 2011 | Big Government, Blogs, Government Spending
In the spirit of the budget battle, readers have to eat their peas (i.e., endure my analysis) before getting to the dessert menu of jokes from the late-night comics. The big news today is that Speaker Boehner had to cancel a vote on his “Budget Control Act” last...
by Dan Mitchell | Jul 28, 2011 | Big Government, Blogs, Government Spending, Taxation
In an ideal world, GOPers would hold firm and not pass any debt limit until Democrats agreed to enact something like the Ryan plan/Cut-Cap-Balance. But I’ve never thought that was a realistic strategy. When we got to the drop-dead point, Obama would have Geithner or...
by Dan Mitchell | Jul 26, 2011 | Blogs, Government Spending, Taxation, VAT
I testified before the House Ways & Means Committee earlier today. As always, my trip inside the belly of the beast was an interesting adventure. The tax-writing committee was holding a hearing on the value-added tax. I was on a panel with five other witnesses,...
