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A Simple Spending Cap Will Avert America’s Fiscal Crisis

A Simple Spending Cap Will Avert America’s Fiscal Crisis

by Dan Mitchell | Feb 16, 2023 | Big Government, Blogs, Government Spending

Every six months or so, the Congressional Budget Office produces a 10-year forecast and most fiscal experts focus on the projections for deficit and debt. Those are important (and worrisome) numbers, but I first look at the data...
The Solution to Maine’s Fiscal Problems – and a Lesson for the Entire Nation

The Solution to Maine’s Fiscal Problems – and a Lesson for the Entire Nation

by Dan Mitchell | Jan 12, 2023 | Big Government, Blogs, Government Spending, States

When I write about fiscal policy, there are two ever-present themes. Bad tax policy reduces growth and competitiveness, driving away jobs, people, and investment.Bad spending policy occurs when budgets grow faster than the economy’s...
TABOR Is America’s Fiscal “Gold Standard”

TABOR Is America’s Fiscal “Gold Standard”

by Dan Mitchell | Nov 4, 2022 | Big Government, Blogs, Government Spending

If Republicans do as well as expected in next Tuesday’s mid-term elections, especially with regard to gubernatorial and state legislative contests, I expect that more states will enact and expand on school choice in 2023. That will be great...
European Fiscal Policy Week, Part VI: The Swiss Spending-Cap Solution

European Fiscal Policy Week, Part VI: The Swiss Spending-Cap Solution

by Dan Mitchell | Oct 29, 2022 | Big Government, Blogs, Europe, Government Spending

As part of “European Fiscal Policy Week,” I’ve complained about bad Italian fiscal policy, bad Europe-wide fiscal policy, bad British fiscal policy, and also the unhelpful role of the European Union. But I want to end the week on an...
The Simple Solution to America’s Horrific Long-Run Fiscal Crisis

The Simple Solution to America’s Horrific Long-Run Fiscal Crisis

by Dan Mitchell | Jul 30, 2022 | Big Government, Blogs, Government Spending, Taxation

Yesterday’s column analyzed some depressing data in the new long-run fiscal forecast from the Congressional Budget Office. Simply stated, if we leave fiscal policy on auto-pilot, government spending is going to consume an ever-larger share of America’s...
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