by Dan Mitchell | Apr 7, 2020 | Big Government, Blogs, Economics, Government Spending
As explained in this short video, a spending cap limits how fast a government’s budget can grow each year. That’s a very sensible approach, sort of like having a speed limit in a school zone, and even left-leaning international bureaucracies have concluded it’s the...
by Dan Mitchell | Feb 13, 2020 | Big Government, Blogs, Government Spending
Back in 2012, when America had a budget deficit above $1 trillion, Investor’s Business Daily opined that America’s fiscal mess could have been avoided if politicians had simply adopted a TABOR-style spending cap starting in 1998. As illustrated by the accompanying...
by Dan Mitchell | Feb 11, 2020 | Big Government, Blogs, Government Spending
Trump’s new budget was released yesterday and almost every media outlet wrote about supposed multi-trillion dollar spending cuts when, in reality, the President’s budget actually calls for nearly $2 trillion of additional spending over the next 10 years. The bottom...
by Dan Mitchell | Feb 10, 2020 | Big Government, Blogs, Government Spending
I would prefer not to write about President Trump’s new budget, largely because I know it’s not a serious proposal. Even before he was elected, I pointed out that Trump was a big-government Republican who had no intention of dealing with serious fiscal issues such as...
by Dan Mitchell | Feb 5, 2020 | Big Government, Blogs, Government Spending
In an amazing display of incompetence, we still don’t know whether Bernie Sanders or Pete Buttigieg won the Iowa caucus. This has created some opportunities for satire, with people asking how a political party that can’t properly count 200,000 votes somehow can...
