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European Political Elite React to Deteriorating Fiscal Outlook with Decisive Moves to…Kill the Messenger

by Dan Mitchell | Jul 6, 2011 | Big Government, Blogs, Government Spending

I’m not a big fan of the rating agencies. I’ve warned in TV interviews that they generally wait too long before downgrading profligate governments. So when the rating agencies finally catch up to everyone else and lower their outlook for failing welfare states such as...

The “Tax Expenditure” Con Job

by Dan Mitchell | Jun 30, 2011 | Big Government, Blogs, Economics, Taxation

e left is desperately trying to maneuver Republicans into going along with a tax increase. And they are smart to make this their top goal. After all, it will be very difficult – if not impossible – to increase the burden of government spending without more revenue...

Andrew Sullivan Has No Idea What He’s Talking about, but I Agree with His Conclusion

by Dan Mitchell | Jun 22, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian

Even though he’s become rather partisan in recent years, I still enjoy an occasional visit to Andrew Sullivan’s blog. But I was rather amused last night when I read one of his posts, in which he was discussing whether government spending helps or hurts economic...

IMF Recommendation for Europe: Double Down on the Approach that Caused the Sovereign Debt Crisis

by Dan Mitchell | Jun 21, 2011 | Big Government, Blogs, Economics, Government Spending

Many European nations face a sovereign debt crisis because of excessive spending caused by too much redistribution. The obvious – and only – solution to this crisis is to reverse the policies that caused the problem. So take a wild guess about what the International...

The Economy Will Suffer if Republicans Sell Out on Taxes

by Dan Mitchell | Jun 17, 2011 | Big Government, Blogs, Taxation

News reports indicate that the left is putting enormous pressure on Republicans to sell out as part of the “Biden Group” negotiations between Congress and the Vice President. I explained the other day why the left is so anxious to get GOPers to surrender on the tax...
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