by Dan Mitchell | Sep 19, 2013 | Big Government, Blogs, Government Spending
As we get closer to the debt limit, the big spenders in Washington are becoming increasingly hysterical about the supposed possibility of default if politicians lose the ability to borrow more money. I testified yesterday to the Joint Economic Committee on “The...
by Dan Mitchell | Sep 18, 2013 | Big Government, Blogs, Government Spending, Taxation
We have an amazing man-bites-dog story today. Let’s begin with some background information. A member of the European Commission recently warned that: “Tax increases imposed by the Socialist-led government in France have reached a “fatal level”…[and] that a series of...
by Dan Mitchell | Sep 17, 2013 | Big Government, Blogs, Economics, Government Spending
I’m testifying tomorrow to the Joint Economic Committee about “The Economic Costs of Debt-Ceiling Brinkmanship.” I won’t give away what I’m going to say (though you can probably figure out my views rather easily by reading this, this and this), but I do want to share...
by Dan Mitchell | Sep 5, 2013 | Blogs, Economics, Tax Competition, Tax Havens, Taxation
I’m very worried about America’s fiscal future. Simply stated, data from several sources (BIS, OECD, and IMF) indicates that we face a future Greek-style fiscal crisis unless policy makers implement genuine entitlement reform. Unfortunately, politicians have little...
by Dan Mitchell | Sep 4, 2013 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation
I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The federal government is in deep trouble because of unsustainable entitlement programs...
