by Dan Mitchell | Dec 29, 2012 | Blogs, Taxation
By the time you read this post, it’s possible that the buffoons in Washington will have announced a deal on the fiscal cliff. Or perhaps we’ll have another month or more of fake drama. Regardless of when the deal is announced, I fear the final result will be some sort...
by Dan Mitchell | Dec 6, 2012 | Big Government, Blogs, Economics, Taxation
The politicians claim that they are negotiating about how best to reduce the deficit. That irks me because our fiscal problem is excessive government spending. Red ink is merely a symptom of that underlying problem. But that’s a rhetorical gripe. My bigger concern is...
by Dan Mitchell | Dec 3, 2012 | Blogs, Economics, Taxation
Earlier this year, I explained that tax revenues would soon climb above their long-run average of 18 percent of GDP, even if the 2001 and 2003 tax cuts were made permanent. In other words, the nation’s fiscal challenge is entirely the result of a rising burden of...
by Dan Mitchell | Dec 1, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
If done well, an image can say a thousand words. The Heritage Foundation shows us what Obama has in mind when he talks about a “balanced” plan. This chart, while horrifying and visually powerful, actually understates the case against Obama. The President is not...
by Dan Mitchell | Nov 30, 2012 | Big Government, Blogs, Europe, Government Spending, Taxation
Washington frustrates me. The entire town is based on legalized corruption as an unworthy elite figure out new ways of accumulating unearned wealth by skimming money from the nation’s producers. But one thing that especially irks me is the way people focus on the...
