by Dan Mitchell | Nov 16, 2014 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) are congressional bureaucracies that wield tremendous power on Capitol Hill because of their role as fiscal scorekeepers and referees. Unfortunately, these bureaucracies lean to the left. When...
by Dan Mitchell | Nov 13, 2014 | Blogs, Economics, Taxation
I don’t pretend that tax reform, by itself, will create economic Nirvana. After all, the experts who measure economic policy and economic performance say that only about 20 percent of a nation’s prosperity is determined by fiscal policy. Nonetheless, I’m a big fan of...
by Dan Mitchell | Nov 12, 2014 | Big Government, Blogs, Economics, Free Market
Some of my left-wing friends have groused that Democrats didn’t do well in the mid-term elections because they failed to highlight America’s strong economic performance. I’m tempted to ask “what strong economic performance?!?” After all, median household income...
by Dan Mitchell | Nov 11, 2014 | Big Government, Blogs, Economics, Government Spending
I’ve argued that we’ll get better government if we make it smaller. And Mark Steyn humorously observed, “our government is more expensive than any government in history – and we have nothing to show for it.” But can these assertions be quantified? I had an email...
by Dan Mitchell | Nov 6, 2014 | Big Government, Blogs, Economics, Welfare and Entitlements
The Pope recently made news by urging more compassion for the less fortunate, and he specifically said that raising the issue will lead some to think he’s a communist. Here are some excerpts from a news report in the U.K.-based Independent. In one his longest speeches...
