by Dan Mitchell | Dec 17, 2018 | Blogs, Economics, Taxation
I recently wrote about the failed 1990 budget deal. My big complaint was that President George H.W. Bush compounded the mistake of higher taxes by also allowing a big increase in the burden of government spending. However, I didn’t blame the agreement for that year’s...
by Dan Mitchell | Dec 15, 2018 | Blogs, Europe, Taxation
Less than 10 years ago, many European nations suffered fiscal crises because of a combination of excessive spending, punitive taxes, and crippling debt. The crises have since abated, largely because of direct and indirect bailouts. But the underlying policy...
by Dan Mitchell | Dec 8, 2018 | Big Government, Blogs, Taxation
Maybe there’s hope for France. When Greeks, Belgians, and the Brits riot, it’s because they want more handouts. The French, by contrast, have taken to the streets to protest higher taxes. And they have plenty of reasons to be upset, as the Wall Street Journal reports....
by Dan Mitchell | Dec 5, 2018 | Big Government, Blogs, Government Spending
I don’t like writing about deficits and debt because I don’t want to deflect attention from the more important underlying problem of excessive government spending. Indeed, I constantly explain that spending is what diverts resources from the productive sector of the...
by Dan Mitchell | Dec 2, 2018 | Blogs, Taxation
With the exception of 2010-2014, when the Tea Party briefly had a grip on the Republican Party, the burden of government spending has been increasing in the United States. This unfortunate trend can’t continue indefinitely, so sooner or later we’ll reach a point where...
