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This Cartoon Is Very Funny, but also Does a Great Job of Teaching Economics

by Dan Mitchell | Apr 18, 2011 | Blogs, Economics, Welfare and Entitlements

Economists often do a crummy job of teaching people about the impact of fiscal policy on the labor force, largely because we put people to sleep with boring discussions about “labor supply” decisions (my blog post from last year perhaps being an example of this...
The IRS: Even Worse Than You Think

The IRS: Even Worse Than You Think

by Dan Mitchell | Apr 17, 2011 | Big Government, Blogs, Economics, Flat Tax, Taxation

Since it is tax-filing season and we all want to honor our wonderful tax system, let’s go into the archives and show this video from last year about the onerous compliance costs of the internal revenue code. Narrated by Hiwa Alaghebandian of the American Enterprise...

Why Are Geithner and Bernanke Trying to Panic Financial Markets with Debt Limit Demagoguery?

by Dan Mitchell | Apr 15, 2011 | Big Government, Blogs, Economics, Government Spending

By taking advantage of  “must-pass” pieces of legislation, Republicans have three chances this year to restrain the burden of government.  They didn’t do very well with the ‘CR fight” over appropriated spending for the rest of FY2011, which was their first...

Obama’s Budget Plan: Class-Warfare Tax Policy and Bureaucrat-Controlled Health Care

by Dan Mitchell | Apr 14, 2011 | Big Government, Blogs, Economics, Taxation

President Obama didn’t offer a budget plan yesterday. The White House hasn’t released anything beyond a set of talking points. But that’s not terribly surprising since his speech was really the opening salvo of his 2012 reelection fight. And it’s clear that a central...

Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend

by Dan Mitchell | Apr 13, 2011 | Big Government, Blogs, Government Spending, Taxation

Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the...
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