by Dan Mitchell | Mar 2, 2015 | Big Government, Blogs, Uncategorized, Welfare and Entitlements
In the grand scheme of things, the Export-Import Bank isn’t the worst government program or the one that most needs to be abolished. Entitlement programs are a far bigger threat to America’s long-run fiscal stability the Ex-Im Bank, with Medicaid serving as a...
by Dan Mitchell | Mar 1, 2015 | Big Government, Blogs, Economics, Government Spending
Back in 2012, I shared some superb analysis from Investor’s Business Dailyshowing that the United States never would have suffered $1 trillion-plus deficits during Obama’s first term if lawmakers had simply exercised a modest bit of spending restraint beginning back...
by Dan Mitchell | Feb 28, 2015 | Blogs, Economics
What does World War I have to do with Obamanomics? There’s no real connection, of course, but it did give me an opportunity to present a good analogy. At a conference in London last week, I was discussing with some folks the state of the American economy and the role...
by Dan Mitchell | Feb 27, 2015 | Blogs, Economics, Taxation
On the issue of so-called progressive taxation, our left-wing friends have conflicting goals. Some of them want to maximize tax revenue in order to finance ever-bigger government. But others are much more motivated by a desire to punish success. They want high tax...
by Dan Mitchell | Feb 24, 2015 | Big Government, Blogs, Europe, Welfare and Entitlements
Since I’m in the United Kingdom, it’s appropriate to announce that another Briton has been elected to the Moocher Hall of Fame. Ms. Kay Bird deserves this “honor” because it takes a very reprehensible entitlement mentality to brag about taking a global holiday with...
