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Budget Dishonesty in Washington

Budget Dishonesty in Washington

by Dan Mitchell | Mar 29, 2019 | Big Government, Blogs, Government Spending

Let’s look at an article that combines two things – wasteful spending and Washington dishonesty – that I don’t like and which was published in The Hill. The Senate Budget Committee on Thursday approved a GOP-backed budget resolution that would allow for draconian...
Banging the Drum for Tax Increases at the International Monetary Fund

Banging the Drum for Tax Increases at the International Monetary Fund

by Dan Mitchell | Mar 28, 2019 | Blogs, Taxation

It’s not easy to identify the worst international bureaucracy. Some days, I’m tempted to pick the Organization for Economic Cooperation and Development. After all, the Paris-based bureaucracy is infamous for pushing bigger government and higher taxes. Other days, I...
A Simple Reform to Avert a Future Greek-Style Fiscal Crisis in America

A Simple Reform to Avert a Future Greek-Style Fiscal Crisis in America

by Dan Mitchell | Mar 22, 2019 | Big Government, Blogs, Government Spending

In the absence of genuine entitlement reform, the United States at some point is going to suffer from a debt crisis. But red ink is merely a symptom. I used numbers from Greece in this interview to underscore the fact that the real problem is government spending. The...
New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

by Dan Mitchell | Mar 14, 2019 | Big Government, Blogs, Tax Competition, Taxation

I wrote a couple of weeks ago about how New York is committing slow-motion fiscal suicide. The politicians in Illinois must have noticed because they now want (another “hold my beer” moment?) to accelerate the already-happening collapse of their state. The new...
Financing Big Government with the Printing Press

Financing Big Government with the Printing Press

by Dan Mitchell | Mar 1, 2019 | Big Government, Blogs, Economics, Government Spending

Back in January, I wrote about the $42 trillion price tag of Alexandria Ocasio-Cortez’s Green New Deal. To pay for this massive expansion in the burden of government spending, some advocates have embraced “Modern Monetary Theory,” which basically assumes the Federal...
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