by Dan Mitchell | Aug 18, 2014 | Blogs, Economics
I shared a chart back in February that shows how long it takes to double GDP based on different growth rates. For instance, if the economy grows only 1 percent per year, it takes 70 years before the economy doubles. Think Italy or some other decrepit European welfare...
by Dan Mitchell | Aug 7, 2014 | Blogs, Economics
Have you ever wondered why, in a hypothetical match-up, the American people would elect Ronald Reagan over Barack Obama in a landslide? And have you ever wondered why Americans rate Reagan as the best post-WWII President and put Obama in last place? There are probably...
by Dan Mitchell | Aug 2, 2014 | Blogs, Health Care
Many of you probably heard about the “Halbig” decision, in which a federal court struck a blow against Obamacare by ruling that the IRS was wrong to arbitrarily grant subsidies for health insurance policies purchased through a federal exchange. And why did the judges...
by Dan Mitchell | Jul 16, 2014 | Bailouts, Blogs, Health Care
I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington. The Wall Street bailout rewarded politically well-connected companies, encouraged moral hazard, and ripped off taxpayers. Heck, it was so bad that it makes the sleaze at the...
by Dan Mitchell | Jun 26, 2014 | Blogs, Economics, Health Care, Taxation
Obamacare resulted in big increases in the fiscal burden of government(ironically, it would be even worse if Obama hadn’t unilaterally suspended parts of the law). The legislation increased government spending, mostly for expanded Medicaidand big subsidies for private...
