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...
by Dan Mitchell | Apr 9, 2011 | Big Government, Blogs, Government Spending
There were reports about 10 days ago that the crowd in Washington reached a budget deal, for the remainder of the 2011 fiscal year, with $33 billion of cuts. That number was disappointingly low. I wrote at the time that if this was a kiss-your-sister deal, we didn’t...
by Dan Mitchell | Apr 7, 2011 | Big Government, Blogs, Government Spending
Just days after the introduction of a very good plan by the Chairman of the House Budget Committee, leaders from the Republican Study Committee in the House of Representatives have introduced an even better plan. In a previous post, I compared spending levels from the...
by Dan Mitchell | Apr 6, 2011 | Big Government, Blogs, Government Spending
Washington is filled with groups that piously express their devotion to balanced budgets and fiscal responsibility, so it is rather revealing that some of these groups have less-than-friendly responses to Congressman Ryan’s budget plan. The Committee for a Responsible...
by Dan Mitchell | Apr 5, 2011 | Big Government, Blogs, Economics, Government Spending
Forget all this talk about giant “spending cuts” of $6.2 trillion in Congressman Ryan’s budget plan. That’s music to my ears, but it’s also based on Washington’s bizarre budget math – i.e., the screwy system where politicians can increase spending but say they’re...
