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Why Are Geithner and Bernanke Trying to Panic Financial Markets with Debt Limit Demagoguery?

by Dan Mitchell | Apr 15, 2011 | Big Government, Blogs, Economics, Government Spending

By taking advantage of  “must-pass” pieces of legislation, Republicans have three chances this year to restrain the burden of government.  They didn’t do very well with the ‘CR fight” over appropriated spending for the rest of FY2011, which was their first...

Obama’s Budget Plan: Class-Warfare Tax Policy and Bureaucrat-Controlled Health Care

by Dan Mitchell | Apr 14, 2011 | Big Government, Blogs, Economics, Taxation

President Obama didn’t offer a budget plan yesterday. The White House hasn’t released anything beyond a set of talking points. But that’s not terribly surprising since his speech was really the opening salvo of his 2012 reelection fight. And it’s clear that a central...

I Wish I Had Been Wrong about the Budget Deal

by Dan Mitchell | Apr 14, 2011 | Big Government, Blogs, Government Spending

Some people thought I was being unfair when I referred to the budget deal as a kiss-your-sister agreement. But as more information is revealed, it looks like the GOP got the short end of the stick – largely because they were afraid of a government shutdown (even...

Obama’s Tax Increase Trigger: Punishing Taxpayers with Automatic Tax Hikes When Politicians Overspend

by Dan Mitchell | Apr 13, 2011 | Big Government, Blogs, Government Spending, Taxation

Responding to widespread criticism of his AWOL status on the budget fight, President Obama today unveiled a fiscal plan. It already is being criticized for its class warfare approach to tax policy, but the most disturbing feature may be a provision that punishes the...

Happy Tax Freedom Day!

by Dan Mitchell | Apr 12, 2011 | Big Government, Blogs, Government Spending, Taxation

If you are an average American, today is a great day. According to the Tax Foundation, you have finally worked long enough and earned enough money to satisfy the annual tax demands of federal, state, and local governments. This means you now get to keep any additional...
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