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According to Obama’s Budget, Burden of Federal Spending Will Be $2 Trillion Higher in 10 Years

by Dan Mitchell | Feb 13, 2012 | Big Government, Blogs, Government Spending

President Obama’s budget proposal was unveiled today, generating all sorts of conflicting statements from both parties. Some of the assertions wrongly focus on red ink rather than the size of government. Others rely on dishonest Washington budget math, which means...

Data in New World Bank Report Shows that Large Public Sectors Reduce Economic Growth

by Dan Mitchell | Feb 11, 2012 | Big Government, Blogs, Economics, Government Spending

When Ronald Reagan said that big government undermined the economy, some people dismissed his comments because of his philosophical belief in liberty. And when I discuss my work on the economic impact of government spending, I often get the same reaction. This is why...

Notwithstanding Tea Party Election in 2010, Republicans on Capitol Hill Still Susceptible to Big-Government Virus

by Dan Mitchell | Feb 8, 2012 | Big Government, Blogs, Government Spending

I’ve written before about the importance of getting rid of the Department of Transportation, and I’ve also written about Republicans getting in bed with big government. So you can imagine how agitated I was to read this article about transportation spending at...

Classic Cartoon on So-Called Stimulus Is Amusing and Economically Accurate

by Dan Mitchell | Feb 6, 2012 | Big Government, Blogs, Economics, Government Spending, Keynesian

People often ask why I put so much political humor on this site. The easy answer is that I like a good joke. But I also find that some cartoons and jokes do a very good job of helping people understand economics. I’ve always liked this cartoon, for instance, because...
New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink

New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink

by Dan Mitchell | Jan 31, 2012 | Big Government, Blogs, Government Spending, Taxation

Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to about 2 percent yearly. When CBO...
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