by Dan Mitchell | May 16, 2020 | Big Government, Blogs, Government Spending
The good news is that there will be a record reduction next year in the burden of government spending. Unfortunately, the bad news is that this reduction will only occur because of gigantic spending increases this year. In this webinar, I explain how fiscal policy is...
by Dan Mitchell | Apr 7, 2020 | Big Government, Blogs, Economics, Government Spending
As explained in this short video, a spending cap limits how fast a government’s budget can grow each year. That’s a very sensible approach, sort of like having a speed limit in a school zone, and even left-leaning international bureaucracies have concluded it’s the...
by Dan Mitchell | Feb 13, 2020 | Big Government, Blogs, Government Spending
Back in 2012, when America had a budget deficit above $1 trillion, Investor’s Business Daily opined that America’s fiscal mess could have been avoided if politicians had simply adopted a TABOR-style spending cap starting in 1998. As illustrated by the accompanying...
by Dan Mitchell | Jan 29, 2020 | Big Government, Blogs, Government Spending
When the Congressional Budget Office released its Budget and Economic Outlook yesterday, almost everyone in Washington foolishly fixated on the estimate of $1 trillion-plus annual deficits. What’s far more important – and much more worrisome – is that the burden of...
by Dan Mitchell | Jan 13, 2020 | Big Government, Blogs, Government Spending
I gave a speech this past weekend about the economy and fiscal policy, and I made my usual points about government being too big and warned that the problem would get much worse in the future because of demographic change and poorly designed entitlement programs....
