by Dan Mitchell | Oct 11, 2023 | Big Government, Blogs, Taxation
Paul Krugman isn’t always wrong. A few years ago, for instance, he admitted the Laffer Curve is real. And he even once wrote something sensible about tax policy. But those are the exceptions. His usual routine is to pontificate in favor of bigger...
by Dan Mitchell | Oct 7, 2023 | Big Government, Blogs, Government Spending, Taxation
I’ve been warning for many years (including less than two weeks ago) that it would be a big mistake to have a “grand bargain” budget deal that includes tax increases. This is not because of math. It is possible, of course, to have an acceptable...
by Dan Mitchell | Oct 2, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Mostly because of an aging population, entitlement spending in the United States is projected to become a much bigger burden. Without reform of those programs, the U.S. within a few decades will have a European-sized level of government spending....
by Dan Mitchell | Sep 27, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Even though America’s long-run fiscal outlook is very grim, I wrote a two-part series earlier this year (here and here) to explain why the situation is not hopeless. First and foremost, I noted that the only good solution is long-run spending...
by Dan Mitchell | Sep 8, 2023 | Big Government, Blogs, Government Spending, Taxation
The burden of federal spending today is too high, diverting resources from the productive sector of the economy and sapping America’s economic vitality. Unfortunately, today’s bad news about excessive government spending will become tomorrow’s...
