by Dan Mitchell | Jul 9, 2014 | Big Government, Blogs, Health Care, Welfare and Entitlements
I wrote a few weeks ago about the hidden economic damage of Obamacare, particularly the harm to the job market. Today, let’s get further depressed by looking at the ever-worsening fiscal damage of the law. Here’s some of what Chuck Blahous of Mercatus wrote about this...
by Dan Mitchell | Jul 8, 2014 | Big Government, Blogs, Economics, Government Spending
I’ve shared lots of data and evidence about the harmful economic impact of government spending. Simply stated, budgetary outlays divert resources from more productive uses.And this results in labor and capital being misallocated, leading to less economic output....
by Dan Mitchell | Jul 6, 2014 | Blogs, Economics, Financial Privacy, Tax Competition, Taxation
I’ve argued that subsidies for the Paris-based Organization for Economic Cooperation and Development are the most destructively wasteful outlays in the federal budget. At least on a per-dollar-spent basis. But what if we did the same exercise on the tax side of...
by Dan Mitchell | Jun 26, 2014 | Blogs, Economics, Health Care, Taxation
Obamacare resulted in big increases in the fiscal burden of government(ironically, it would be even worse if Obama hadn’t unilaterally suspended parts of the law). The legislation increased government spending, mostly for expanded Medicaidand big subsidies for private...
by Dan Mitchell | Jun 18, 2014 | Blogs, Economics, Tax Competition, Taxation
I wrote the other day that Americans, regardless of all the bad policy we get from Washington, should be thankful we’re not stuck in a hellhole like Venezuela. But we also should be happy we’re not Europeans. This is a point I’ve made before, usually accompanied by...
