by Dan Mitchell | Jul 25, 2021 | Big Government, Blogs, Government Spending
Back in 2009, there was strong and passionate opposition to Bush’s corrupt TARP scheme and Obama’s fake stimulus boondoggle – both of which had price tags of less than $1 trillion. Today, Biden has already squandered $1.9 trillion on his...
by Dan Mitchell | Jul 11, 2021 | Big Government, Blogs, Government Spending
President Biden pushed through $1.9 trillion of new spending earlier this year, but that so-called stimulus plan was mostly for one-time giveaways. As I warn in this recent discussion on Denver’s KHOW, we should be much more worried about his proposals to permanently...
by Dan Mitchell | Jul 3, 2021 | Big Government, Blogs, Government Spending
I’m not optimist about America’s fiscal future. Thanks primarily to entitlement programs, the long-run outlook shows an ever-increasing burden of government spending. And rather than hit the brakes, Biden wants to step on the gas with new giveaways,...
by Dan Mitchell | Jun 27, 2021 | Big Government, Blogs, Economics, Government Spending, Keynesian
The private sector reacted quickly (when allowed by sluggish and inefficient government) to the coronavirus pandemic. We quickly got everything from vaccines to personal protective equipment. That’s the good news. The bad news is that politicians also reacted quickly....
by Dan Mitchell | Jun 19, 2021 | Big Government, Blogs, Economics, Government Spending
Back in 2009 and 2010, when I had less gray hair, I narrated a four-part series on the economic burden of government spending. Here’s Part II, which discusses the theoretical reasons why big government reduces prosperity. I provide eight examples to...
