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Rand Paul’s Sensible Budget Rejected, but Here’s the Silver Lining

by Dan Mitchell | May 19, 2018 | Big Government, Blogs, Government Spending

During the election season, I speculated Trump was a big government Republican, and he confirmed my analysis this past February when he acquiesced to an orgy of new spending and agreed to bust the spending caps. That awful spending spree gave huge increases to almost...

In a Single Image, Everything You Need to Know about the New CBO Budget Numbers

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...
The Five Most Important Takeaways from Trump’s Budget

The Five Most Important Takeaways from Trump’s Budget

by Dan Mitchell | May 23, 2017 | Big Government, Blogs, Government Spending

It’s both amusing and frustrating to observe the reaction to President Trump’s budget. I’m amused that it is generating wild-eyed hysterics from interest groups who want us to believe the world is about to end. But I’m frustrated because I’m reminded of the terribly...
The United Kingdom and the Benefits of Spending Restraint

The United Kingdom and the Benefits of Spending Restraint

by Dan Mitchell | Feb 9, 2017 | Big Government, Blogs, Government Spending

When I debate one of my leftist friends about deficits, it’s often a strange experience because none of us actually care that much about red ink. I’m motivated instead by a desire to shrink the burden of government spending, so I argue for spending restraint rather...

New CBO Numbers and the Simple Formula for Good Fiscal Policy, Part II

by Dan Mitchell | Jan 26, 2017 | Big Government, Blogs, Government Spending, Taxation

Based on new 10-year fiscal estimates from the Congressional Budget Office, I wrote yesterday that balancing the budget actually is very simple with a modest bit of spending restraint. If lawmakers simply limit annual spending increases to 1 percent annually, the...
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