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A 21st-Century Spending Cap Would Have Turned Deficits into Surpluses

A 21st-Century Spending Cap Would Have Turned Deficits into Surpluses

by Dan Mitchell | Feb 13, 2020 | Big Government, Blogs, Government Spending

Back in 2012, when America had a budget deficit above $1 trillion, Investor’s Business Daily opined that America’s fiscal mess could have been avoided if politicians had simply adopted a TABOR-style spending cap starting in 1998. As illustrated by the accompanying...
Which Modern President Is the Biggest Spender?

Which Modern President Is the Biggest Spender?

by Dan Mitchell | Feb 11, 2020 | Big Government, Blogs, Government Spending

Trump’s new budget was released yesterday and almost every media outlet wrote about supposed multi-trillion dollar spending cuts when, in reality, the President’s budget actually calls for nearly $2 trillion of additional spending over the next 10 years. The bottom...
The Media’s Pervasively Dishonest Coverage of Trump’s New Budget

The Media’s Pervasively Dishonest Coverage of Trump’s New Budget

by Dan Mitchell | Feb 10, 2020 | Big Government, Blogs, Government Spending

I would prefer not to write about President Trump’s new budget, largely because I know it’s not a serious proposal. Even before he was elected, I pointed out that Trump was a big-government Republican who had no intention of dealing with serious fiscal issues such as...
Bloomberg Proposes Huge Increase in America’s Tax Burden

Bloomberg Proposes Huge Increase in America’s Tax Burden

by Dan Mitchell | Feb 2, 2020 | Blogs, Taxation

One of the most significant developments in 2020 politics is how Democratic presidential candidates have embraced hard-left economic policies. Prominent analysts on the left have noted that even Joe Biden, ostensibly the most moderate of the candidates, has a very...
Chicago’s Continuing Decline…and Inevitable Fiscal Crisis

Chicago’s Continuing Decline…and Inevitable Fiscal Crisis

by Dan Mitchell | Feb 1, 2020 | Big Government, Blogs

Is Greece the international version of New Jersey or is New Jersey the American version of Greece? Is New Jersey the national version of Chicago, or is Chicago the the local version of New Jersey? The answer is yes, regardless of how the question is phrased because –...
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