by Dan Mitchell | Apr 16, 2018 | Big Government, Blogs, Government Spending, States
Politicians have a giant incentive to provide lavish benefits to interest groups that then recycle some of the loot back to elected officials in the form of campaign contributions. But the real key to the scam is that the bill gets imposed on future generations. The...
by Dan Mitchell | Apr 11, 2018 | Big Government, Blogs, Economics, Government Spending
I’m in Brussels, where I’m participating in an “Economic Freedom Summit” on the unfriendly turf of the European Parliament. My role was to chair a panel earlier today about whether Venezuela can recover from socialism. I obviously have an opinion on that topic, but I...
by Dan Mitchell | Apr 10, 2018 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released its annual Economic and Budget Outlook, and almost everyone in Washington is agitated (or pretending to be agitated) about annual deficits exceeding $1 trillion starting in the 2020 fiscal year. All that red ink isn’t good...
by Dan Mitchell | Apr 9, 2018 | Big Government, Blogs, Government Spending, Taxation
Five former Democratic appointees to the Council of Economic Advisers have a column in today’s Washington Post asserting that we should not blame entitlements for America’s future fiscal problems. The good news is that they at least recognize that there’s a future...
by Dan Mitchell | Mar 24, 2018 | Big Government, Blogs, Government Spending
Ever since there was a deal to bust the budget caps back in February, I knew it was just a matter of time before Congress and the White House responded with an odious orgy of new spending. Some people told me I was being too pessimistic. After all, the President’s...
