by Dan Mitchell | Jul 28, 2011 | Big Government, Blogs, Government Spending, Taxation
In an ideal world, GOPers would hold firm and not pass any debt limit until Democrats agreed to enact something like the Ryan plan/Cut-Cap-Balance. But I’ve never thought that was a realistic strategy. When we got to the drop-dead point, Obama would have Geithner or...
by Dan Mitchell | Jul 27, 2011 | Blogs, Taxation
I testified earlier today before the Joint Economic Committee about budget process reform. As part of the Q&A session after the testimony, one of the Democratic members made a big deal about the fact that federal tax revenues today are “only” consuming about 15...
by Dan Mitchell | Jul 26, 2011 | Blogs, Government Spending, Taxation, VAT
I testified before the House Ways & Means Committee earlier today. As always, my trip inside the belly of the beast was an interesting adventure. The tax-writing committee was holding a hearing on the value-added tax. I was on a panel with five other witnesses,...
by Dan Mitchell | Jul 21, 2011 | Big Government, Blogs, Government Spending
Kudos to the Concerned Women for America, not only for this clever video, but also for putting the focus on the burden of government spending rather than the symptom of too much red ink.
by Dan Mitchell | Jul 19, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
The on-again, off-again “Gang of Six” has come back on the scene and is offering a “Bipartisan Plan to Reduce Our Nation’s Deficits.” The proposal is quite similar to the one put forth by the President’s Simpson-Bowles Commission, which isn’t too surprising since some...
