by Dan Mitchell | Sep 22, 2010 | Big Government, Blogs, Government Spending, Taxation
John Podesta of the Center for American Progress had a column in Politico yesterday asserting that “closing the budget gap entirely on the spending side would require draconian programmatic cuts.” He went on to complain that there are some people who “refuse to look...
by CF&P | Sep 21, 2010 | Big Government, Blogs, Taxation
Our tax system in America is an absurd nightmare, but at least we have some ability to monitor what is happening. We can’t get too aggressive (nobody wants the ogres at the IRS breathing down their necks), but at least we can adjust our withholding levels and control...
by Dan Mitchell | Sep 17, 2010 | Big Government, Blogs, Government Spending
Not that we need more evidence, but here are two new items confirming the absurdity of thinking that bigger government is stimulus. First, we have a story from Los Angeles revealing that the city only created 55 jobs with $111 million of stimulus funds. This...
by Dan Mitchell | Sep 15, 2010 | Big Government, Blogs, Economic Growth, Government Spending, Taxation
Alberto Alesina of Harvard’s economics department summarizes some of his research in a column for today’s Wall Street Journal. He and a colleague looked at fiscal policy changes in developed nations and found very strong evidence that spending reductions boost growth....
by Dan Mitchell | Sep 13, 2010 | Big Government, Blogs, Government Spending
Dana Milbank of the Washington Post wrote this weekend that critics of Keynesianism are somewhat akin to those who believe the earth is flat. He specifically cites the presumably malignant influence of the Cato Institute. Keynes was right, and in this case it’s...
