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New CBO Numbers Show a Remarkably Simple Path to a Balanced Budget

by Dan Mitchell | Feb 6, 2014 | Big Government, Blogs, Government Spending, Health Care

A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the economy than they previously predicted. Of course, many people...

Yet another Example of the Failure of Keynesian Economics

by Dan Mitchell | Feb 1, 2014 | Big Government, Blogs, Economics, Government Spending, Keynesian

Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement...

We Need a Debate about the Size of Government, but It Helps to Understand Basic Fiscal Facts

by Dan Mitchell | Jan 30, 2014 | Big Government, Blogs, Government Spending, Taxation

Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a wink of sleep thinking about deficits, but I toss and turn all night fretting about the overall burden of...

New Mercatus Fiscal Ranking Shows the Real New Jersey Scandal

by Dan Mitchell | Jan 20, 2014 | Big Government, Blogs, States

If you’re a libertarian, you generally don’t act and think like other people. Most folks, when they heard about Governor Christie’s bridge-closing scandal, focused on the potential political ramifications. But not me. My immediate reaction was to think that the...

Mirror, Mirror, on the Wall, Which Nation Has Increased Welfare Spending the Fastest of All?

by Dan Mitchell | Jan 18, 2014 | Big Government, Blogs, Government Spending, Welfare and Entitlements

There’s an old joke about two guys camping in the woods, when suddenly they see a hungry bear charging over a hill in their direction. One of the guys starts lacing up his sneakers and his friend says, “What are you doing? You can’t outrun a bear.” The other guys...
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