by Dan Mitchell | Aug 9, 2011 | Big Government, Blogs, Government Spending
I cover a wide range of issues in this interview for Bloomberg Asia. My main theme, not surprisingly, is that government is too big. And I specifically warn about the looming explosion of entitlement spending as the baby boom generation retires.
by Dan Mitchell | Aug 8, 2011 | Big Government, Blogs, Economics, Government Spending
President Obama just spoke about the downgrade and his remarks were very disappointing. He uttered some empty platitudes, offered no plan, (amazingly) called for more government spending, and continued his advocacy of class-warfare taxation. So what does this mean?...
by Dan Mitchell | Aug 7, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
It was a strange experience to read the comments and emails generated by yesterday’s post on the “Obama downgrade.” Democrats and liberals were upset that I blamed Obama for the downgrade, as you might expect. Republicans and conservatives, however, were agitated that...
by Dan Mitchell | Aug 6, 2011 | Big Government, Blogs, Government Spending
Even though I predicted it had to happen at some point because of the Bush-Obama spending binge and America’s giant long-run entitlement crisis, I confess that I’m somewhat surprised that the United States has suffered a debt downgrade for the first time. That being...
by Dan Mitchell | Aug 5, 2011 | Big Government, Blogs, Economics, Government Spending
We all know about the wretched failure of Obama’s stimulus, and we can update the chart showing that the joblessness rate is two-and-one-half percentage points higher than the White House claimed it would be at this point if we flushed $800 billion down the Washington...
