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Congressman Ryan’s Budget Is a Big Step in the Right Direction

by Dan Mitchell | Apr 4, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation, Welfare and Entitlements

The Chairman of the House Budget Committee, Congressman Paul Ryan of Wisconsin, will be unveiling his FY2012 budget tomorrow. Not all the details are public information, but what we do know is very encouraging. Ryan’s plan is a broad reform package, including limits...

Senator Corker’s CAP Act: A Better Version of Gramm-Rudman to Reduce the Burden of Government

by Dan Mitchell | Apr 4, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation

This Thursday, April 7, Senator Corker of Tennessee will be the opening speaker at the Cato Institute’s conference on “The Economic Impact of Government Spending” (an event that is free and open to the public, so register here if you want to attend). The Senator will...

Government Employee Pensions Are a Budget Issue, but Also a Growth and Fairness Issue

by Dan Mitchell | Apr 1, 2011 | Big Government, Blogs, Government Spending

Eli Lehrer of the Heartland Institute has an article in the Weekly Standard claiming that underfunded pension plans are not the problem with state budgets. This paragraph is a good summary of his article. In the end, many states facing very large current budget...

English Riots, Faux Austerity, and Krugman’s Fairy Tale

by Dan Mitchell | Apr 1, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian

London was just hit by heavy riots as part of a protest against the “deep” and “savage” budget cuts of the Cameron government. This is not the first time the U.K. has endured riots. The welfare lobby, bureaucrats, and other recipients of taxpayer largesse are becoming...

If the Obama-GOP Budget Deal Is a Kiss-Your-Sister Agreement, Claudia Schiffer Ain’t My Sibling

by Dan Mitchell | Mar 31, 2011 | Big Government, Blogs, Government Spending

Press reports indicate that there is a tentative agreement between Republicans and Democrats to trim $33 billion of spending for the remainder of the current fiscal year. Here are a few blurbs from a story in The Hill. A source familiar with the talks said members of...
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