by Dan Mitchell | Aug 5, 2011 | Big Government, Blogs, Economics, Government Spending
We all know about the wretched failure of Obama’s stimulus, and we can update the chart showing that the joblessness rate is two-and-one-half percentage points higher than the White House claimed it would be at this point if we flushed $800 billion down the Washington...
by Dan Mitchell | Aug 2, 2011 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation
Now that the debt-limit fight is basically over (the Senate will join the House in approving it later today), we need to immediately prepare for the next stage in the fight to stop big government and restore economic liberty. President Obama and other leftists clearly...
by Dan Mitchell | Jul 30, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
While driving home last night, I had the miserable experience of listening to a financial journalist being interviewed about the anemic growth numbers that were just released. I wasn’t unhappy because the interview was biased to the left. From what I could tell, both...
by Dan Mitchell | Jul 19, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
The on-again, off-again “Gang of Six” has come back on the scene and is offering a “Bipartisan Plan to Reduce Our Nation’s Deficits.” The proposal is quite similar to the one put forth by the President’s Simpson-Bowles Commission, which isn’t too surprising since some...
by Dan Mitchell | Jul 14, 2011 | Big Government, Blogs, Economics, Government Spending
The United States has been on a decade-long spending binge. Thanks to the profligate policies of both Bush and Obama, the burden of federal spending has climbed to about 25 percent of economic output, up from 18.2 percent of GDP when Bill Clinton left office. The...
