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American Taxpayers Should Not Bail Out the European Union

by Dan Mitchell | Dec 2, 2010 | Bailouts, Big Government, Blogs

The fiscal disintegration of Europe is bad news, though I confess to a bit of malicious glee every time I read about welfare states such as Greece, Ireland, and Portugal getting to the point where they no longer have the ability to borrow enough money to finance their...

Don’t Blame Ireland’s Mess on Low Corporate Tax Rates

by Dan Mitchell | Nov 18, 2010 | Bailouts, Big Government, Blogs, Economics, Government Spending

Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy...

Will the Federal Reserve’s Easy-Money Policy Turn the United States into a Global Laughingstock?

by Dan Mitchell | Nov 10, 2010 | Big Government, Blogs

One of my first blog posts (and the first one to get any attention) highlighted the amusing/embarrassing irony of having Chinese students laugh at Treasury Secretary Geithner when he claimed the United States had a strong-dollar policy. I suspect that even Tim...

There Is No Libertarian or Conservative Argument for Higher Taxes

by Dan Mitchell | Oct 2, 2010 | Big Government, Blogs, Government Spending, Taxation

Eli Lehrer has an article on the FrumForum entitled “Five Revenue Raisers the GOP Should Back.” He argues it would be good to get rid of preferences such as the state and local tax deduction and the mortgage interest deduction, and he also asserts that there should be...

Overhauling CBO and JCT Is a Real Test of GOP Resolve, not the “Pledge to America”

by Dan Mitchell | Sep 30, 2010 | Big Government, Blogs, Government Spending, Taxation

While I’m glad Republicans are finally talking about smaller government, I’ve expressed some disappointment with the GOP Pledge to America. Why “reform” Fannie and Freddie, I asked, when the right approach is to get the government completely out of the housing sector....
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