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Mitt Romney, Mitchell’s Golden Rule, and “Absolutely Essential” Government Spending

by Dan Mitchell | Nov 10, 2011 | Big Government, Blogs, Government Spending

I’ve dinged Mitt Romney for his less-than-stellar record on healthcare, his weakness on Social Security reform, and his reprehensible support for ethanol subsidies, but I haven’t bothered to address his budget plan – in part because it seemed rather underwhelming....

Who’s Winning the Race to Fiscal Destruction: Europe or the United States?

by Dan Mitchell | Nov 7, 2011 | Big Government, Blogs, Economics, Government Spending

Even though the unwashed masses decided that I didn’t win my stimulus debate in New York City, I continue my fight for the hearts and minds of the American people. I’m now taking part in a debate for U.S. News & World Report on “Who Is Handling Its Debt Crisis...

A Supercommittee Tax-Hike Surrender Means Republicans Would Snatch Defeat from the Jaws of Victory

by Dan Mitchell | Nov 7, 2011 | Big Government, Blogs, Government Spending, Taxation

Commenting on Supercommittee deliberations last month, I asked whether Republicans will choose the real budgetary savings of a sequester or surrender to a tax hike. Well, it appears that the GOP likes being known as the Stupid Party and is seriously considering a plan...

Helping to Explain Greece’s Collapse in a Single Picture

by Dan Mitchell | Nov 4, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements

Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is far too big today, and nations such as Greece are in the process of fiscal...

Germany’s Not a Good Role Model…Except When Compared to the Profligate U.S.

by Dan Mitchell | Nov 2, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian

Last week in New York City, during my Intelligence Squared debate about stimulus, I pointed out that Germany is doing better than the United States and explained that they largely avoided any Bush/Obama Keynesian spending binges. One of my opponents disagreed and...
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