by Dan Mitchell | Feb 27, 2013 | Big Government, Blogs, Government Spending, Taxation
The number one goal for fiscal policy is to reduce the burden of government spending. The simple way to achieve this goal is to adhere to Mitchell’s Golden Rule and and make sure the private sector grows faster than the public sector. But when politicians fail to...
by Dan Mitchell | Feb 26, 2013 | Big Government, Blogs, Government Spending
Sigh. I feel like a modern-day Sisyphus. Except I’m not pushing a rock up a hill, only to then watch it roll back down. I have a far more frustrating job. I have to read the same nonsense day after day about “deep spending cuts” even though I keep explaining to...
by Dan Mitchell | Feb 25, 2013 | Big Government, Blogs, Government Spending
I shared a couple of amusing sequester cartoons the other day, and I’ve previously written about the absurdity of anti-sequester hysteria in Washington when all it means is that the federal budget will grow by $2.4 trillion over the next 10 years rather than $2.5...
by Dan Mitchell | Feb 23, 2013 | Blogs, Economics, Laffer Curve, Taxation
ll statists want much bigger government, but not all of them are honest about how to finance a Greek-sized welfare state. The President, for instance, wants us to believe that the rich are some sort of fiscal pinata, capable of generating endless amounts of tax...
by Dan Mitchell | Feb 21, 2013 | Big Government, Blogs, Government Spending
Notwithstanding hysterical rhetoric from the White House, the bureaucracies, and the various pro-spending lobbies in Washington, the sequester does not mean “vicious” or “draconian” spending cuts. I wish that was the case. All it does is restrain spending so that it...
