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Senator Corker’s CAP Act: A Better Version of Gramm-Rudman to Reduce the Burden of Government

by Dan Mitchell | Apr 4, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation

This Thursday, April 7, Senator Corker of Tennessee will be the opening speaker at the Cato Institute’s conference on “The Economic Impact of Government Spending” (an event that is free and open to the public, so register here if you want to attend). The Senator will...

A Victory for the Laffer Curve, a Defeat for England’s Economy

by CF&P | Apr 3, 2011 | Blogs, Economics, Laffer Curve, Taxation

A new study from the Adam Smith Institute in the United Kingdom provides overwhelming evidence that class-warfare tax policy is grossly misguided and self-destructive. The authors examine the likely impact of the 10-percentage point increase in the top income tax...

If the Obama-GOP Budget Deal Is a Kiss-Your-Sister Agreement, Claudia Schiffer Ain’t My Sibling

by Dan Mitchell | Mar 31, 2011 | Big Government, Blogs, Government Spending

Press reports indicate that there is a tentative agreement between Republicans and Democrats to trim $33 billion of spending for the remainder of the current fiscal year. Here are a few blurbs from a story in The Hill. A source familiar with the talks said members of...

Budget Battle Update: It’s About Preparing for the Inevitable Fight, not Forcing a Shutdown

by Dan Mitchell | Mar 29, 2011 | Big Government, Blogs, Government Spending

According to news reports, Democrats and Republicans are unlikely to reach any sort of budget agreement before April 8, when a short-term spending bill for the current fiscal year expires. Barring some new development, this could mean a shutdown of the non-essential...
The Stupid Party Strikes Again: Republicans May Raise Debt Limit in Exchange for Symbolic BBA Vote

The Stupid Party Strikes Again: Republicans May Raise Debt Limit in Exchange for Symbolic BBA Vote

by Dan Mitchell | Mar 25, 2011 | Big Government, Blogs, Government Spending

The old joke in Washington is that Democrats are the evil party and Republicans are the stupid party (which is why you should guard your wallet and freedom whenever you hear talk of “bipartisanship”). The GOP definitely is doing what it can to prove that at least one...
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