by Dan Mitchell | Aug 26, 2010 | Blogs, Economics, Government Spending
One of the many disappointing things about Republicans is that they fail to correct problems when they get power. After the 1994 “Gingrich Revolution,” the GOP had complete control of Capitol Hill. This meant complete authority over the Congressional Budget Office...
by Dan Mitchell | Aug 24, 2010 | Big Government, Blogs, Economics, Government Spending, Taxation
In a very predictable editorial this morning, the New York Times pontificated in favor of higher taxes. Compared to Paul Krugman’s rant earlier in the week, which featured the laughable assertion that letting people keep more of the money they earn is akin to sending...
by Dan Mitchell | Aug 23, 2010 | Big Government, Blogs, Economics, Government Spending
Working in Washington is a frustrating experience for many reasons, but my personal nightmare is that bad ideas refuse to die. Keynesian economics is a perfect example. It doesn’t matter that Keynesian deficit spending didn’t work for Hoover and Roosevelt. It doesn’t...
by Dan Mitchell | Aug 22, 2010 | Uncategorized
National Review captures a key difference between Reagan and Obama, writing that Reagan was willing to incur short-run political pain to make America healthier and stronger. Obama, by contrast, has pursued the free-lunch Keynesian approach. Only time will tell...
by Dan Mitchell | Aug 11, 2010 | Big Government, Blogs, Economic Growth, Government Spending, Taxation
I’m still dealing with the statist echo chamber, having been hit with two additional attacks for the supposed sin of endorsing Reaganomics over Obamanomics (my responses to the other attacks can be found here and here). Some guy at the Atlantic Monthly named Steve...
