Reckless spending increases under both Bush and Obama have resulted in unprecedented deficits. Congress will soon be forced to increase the nation’s debt limit by an astounding $1.8 trillion. Government borrowing has become such a big issue that some politicians are proposing a deficit reduction commission, which may mean they are like alcoholics trying for a self-imposed intervention.
But all this fretting about deficits and debt is misplaced. Government borrowing is a bad thing, of course, but this video explains that the real problem is excessive government spending.
Fixating on the deficit allows politicians to pull a bait and switch, since they can raise taxes, claim they are solving the problem, when all they are doing is replacing debt-financed spending with tax-financed spending. At best, that’s merely taking a different route to the wrong destination. The more likely result is that the tax increases will weaken the economy, further exacerbating America’s fiscal position.
[...] such as the Concord Coalition and the Committee for a Responsible Federal Budget (they should be fighting spending instead, but let’s set that issue aside). Folks from these groups often ask politicians to be [...]
[...] such as the Concord Coalition and the Committee for a Responsible Federal Budget (they should be fighting spending instead, but let’s set that issue aside). Folks from these groups often ask politicians to be [...]
[...] government, not fiscal balance. Deficits are just a symptom of a government that is too large, as I have explained elsewhere. But the good news is that spending discipline is the right answer, regardless of the objective. I [...]
[...] government, not fiscal balance. Deficits are just a symptom of a government that is too large, as I have explained elsewhere. But the good news is that spending discipline is the right answer, regardless of the objective. I [...]
[...] 4, 2010 by Dan Mitchell Our fiscal policy goal should be smaller government, but here’s a video for folks who think that balancing the budget should be the main [...]
[...] 4, 2010 by Dan Mitchell Our fiscal policy goal should be smaller government, but here’s a video for folks who think that balancing the budget should be the main [...]
[...] fiscal policy goal should be smaller government. Regardless of how it is financed, government spending diverts resources from the productive sector [...]
[...] if much higher than it is in Greece). As faithful readers of this blog already understand, the real issue is the size of government, but this site is a good indicator of nations that finance their spending in a risky [...]
[...] if much higher than it is in Greece). As faithful readers of this blog already understand, the real issue is the size of government, but this site is a good indicator of nations that finance their spending in a risky [...]
[...] much higher than it is even in Greece). As faithful readers of this blog already understand, the real issue is the size of government, but this site is a good indicator of nations that finance their spending in a risky [...]
[...] video explains that the real problem is spending, and that deficits are just a symptom of a government that is too big. This is not to say that CRS and CBO are completely wrong. We have [...]
[...] video explains that the real problem is spending, and that deficits are just a symptom of a government that is too big. This is not to say that CRS and CBO are completely wrong. We have [...]
[...] video explains that the real problem is spending, and that deficits are just a symptom of a government that is too big. This is not to say that CRS and CBO are completely wrong. We have [...]
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[...] video explains that the real problem is spending, and that deficits are just a symptom of a government that is too big. This is not to say that CRS and CBO are completely wrong. We have [...]
[...] video explains that the real problem is spending, and that deficits are just a symptom of a government that is too big. This is not to say that CRS and CBO are completely wrong. We have [...]
[...] In this video Mitchell looks at the bigger issue, explaining that America’s long-run fiscal problem is too much spending and that debt and deficits are merely symptoms of that underlying problem. Source. [...]
[...] spending should be the number-one goal of fiscal policy rather than deficit reduction. And since red ink is just a symptom of the real problem of too much spending, this data is very [...]
[...] spending should be the number-one goal of fiscal policy rather than deficit reduction. And since red ink is just a symptom of the real problem of too much spending, this data is very [...]
[...] spending should be the number-one goal of fiscal policy rather than deficit reduction. And since red ink is just a symptom of the real problem of too much spending, this data is very [...]
[...] spending should be the number-one goal of fiscal policy rather than deficit reduction. And since red ink is just a symptom of the real problem of too much spending, this data is very [...]
[...] leads to a fiscal crisis, but we do know that it is a bad idea for governments to engage in reckless spending over a long period of time. That’s a recipe for stifling taxes and large deficits. And when [...]
[...] leads to a fiscal crisis, but we do know that it is a bad idea for governments to engage in reckless spending over a long period of time. That’s a recipe for stifling taxes and large deficits. And when [...]
[...] leads to a fiscal crisis, but we do know that it is a bad idea for governments to engage in reckless spending over a long period of time. That’s a recipe for stifling taxes and large deficits. And when [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much de… (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much de… (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much de… (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much debt (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much de… (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] There’s no reason why Republicans should unilaterally compromise, but I’m worried. One major problem for the GOP is a misguided focus on red ink. Too many people, including Senators, Representatives, pundits, and policy wonks, keep talking about deficits and debt. Government borrowing is not desirable, but red ink is merely a symptom of excessive spending. [...]
[...] There’s no reason why Republicans should unilaterally compromise, but I’m worried. One major problem for the GOP is a misguided focus on red ink. Too many people, including Senators, Representatives, pundits, and policy wonks, keep talking about deficits and debt. Government borrowing is not desirable, but red ink is merely a symptom of excessive spending. [...]
[...] There’s no reason why Republicans should unilaterally compromise, but I’m worried. One major problem for the GOP is a misguided focus on red ink. Too many people, including Senators, Representatives, pundits, and policy wonks, keep talking about deficits and debt. Government borrowing is not desirable, but red ink is merely a symptom of excessive spending. [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] he correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] he correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] he correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] he correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] he correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
All the latest Federal Budget News http://www.2012federalbudget.com
[...] He correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] He correctly understands that the problem is the size of government. As explained in this video, spending is the problem and deficits are a symptom of that [...]
[...] debunked the notion that a higher debt limit was needed to avoid default and explained that the problem is too much spending and that deficits and debt are the symptoms of that [...]
[...] getting wasted. Nonetheless, I’m on Grover’s side on this tax debate for two reasons. First, we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] getting wasted. Nonetheless, I’m on Grover’s side on this tax debate for two reasons. First, we have a spending problem, not a revenue problem or a deficit/debt problem. Red ink is undesirable, to be sure, but it is a symptom of the underlying problem of a government [...]
[...] about the supposed horrors of deficits and debt (I write “supposed” because the real problem is spending, with red ink being a symptom of a government that is far too large). Yet he endorsed Obama’s [...]
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] government, not fiscal balance. Deficits are just a symptom of a government that is too large, as I have explained elsewhere. But the good news is that spending discipline is the right answer, regardless of the objective. I [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much debt (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] who fixate on deficits and debt. Red ink is not good, of course, but the only good way to treat the symptom of too much borrowing is to address the underlying disease of too much government. LD_AddCustomAttr("AdOpt", "1"); LD_AddCustomAttr("Origin", "other"); [...]
[...] problem is spending. That’s the fiscal disease facing America. Deficits and debt are just symptoms of that disease. LD_AddCustomAttr("AdOpt", "1"); LD_AddCustomAttr("Origin", "other"); [...]
[...] Rule is that it doesn’t matter whether a nation has a budget deficit or a budget surplus. As I’ve explained on several occasions, the fiscal problem in most nations is that government is too big. Deficits [...]
[...] especially like how he understands that the problem is the size of government, and I also admire his recognition that Republicans often are just as bad as [...]
[...] First, the evidence shows that the problem is government spending, and that problem exists regardless of whether the budget is financed by taxes or borrowing. Unfortunately, too many supposedly conservative policy makers fail to grasp this key distinction [...]
[...] I have many frustrations in my life, and near the top of the list is the conservative fixation about balancing the budget. [...]
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] I don’t expect a good outcome to the European fiscal crisis, largely because nobody seems to understand that the real problem is excessive government spending. [...]
[...] We should be focusing on the underlying problem of excessive government, not the symptom of too much red ink. By pointing out the amount of spending restraint that would [...]
[...] We should be focusing on the underlying problem of excessive government, not the symptom of too much red ink. By pointing out the amount of spending restraint that would [...]
[...] other words, government spending undermines growth, and the damage is magnified by a poorly designed tax [...]
[...] other words, government spending undermines growth, and the damage is magnified by a poorly designed tax [...]
[...] other words, government spending undermines growth, and the damage is magnified by poorly designed tax [...]
[...] other words, government spending undermines growth, and the damage is magnified by poorly designed tax [...]
[...] other words, government spending undermines growth, and the damage is magnified by poorly designed tax [...]
[...] other words, government spending undermines growth, and the damage is magnified by poorly designed tax [...]
[...] getting very frustrated. I spend too much time reminding my supposed allies that America’s fiscal problem is too much government. Deficits and debt, I constantly explain, are best understood as symptoms, whereas a bloated public [...]
[...] the goal shouldn’t be to balance the budget. We want faster growth, more freedom, and constitutional government. All of these goals (as well as [...]
[...] the goal shouldn’t be to balance the budget. We want faster growth, more freedom, and constitutional government. All of these goals (as well as [...]
[...] government, not fiscal balance. Deficits are just a symptom of a government that is too large, as I have explained elsewhere. But the good news is that spending discipline is the right answer, regardless of the objective. I [...]
[...] for small government and this video examines the empirical evidence against big government. And this video explains that America’s fiscal problem is too much spending rather than too much debt (in other words, deficits are merely a symptom of an underlying problem of excessive [...]
[...] the goal shouldn’t be to balance the budget. We want faster growth, more freedom, and constitutional government. All of these goals (as well as [...]
[...] confess to being monotonous and repetitive when it comes to explaining that America’s fiscal problem is too much spending, and that debt and deficits are simply symptoms of that underlying problem of excessive [...]
Almost. Government spending is increasing at a rate greater than economic growth, which when extrapolated leads to the result that all economic output supports the government. Over the last 50 years government spending has grown 30% faster than economic output.
ALL of the growth in government spending is the result of entitlement programs. As a share of the federal budget, defense and non-defense spending has shrunk. Only entitlement spending has grown.
The federal budget problems will be fixed only by restructuring the entitlement programs and reducing the spending on these programs.
People get the government they deserve and thus the problem isn’t the politicians, who are bad enough, but people ignorant of the economy that is the problem.
[...] The first video defines the problem, explaining that deficits and debt are bad, but then explaining that red ink is best understood as a symptom of the real problem of too much government s…. [...]
[...] is excessive government spending, not red ink. Deficits and debt are undesirable, of course, but they are best understood as symptoms. The underlying disease is a bloated federal budget that diverts resources from the productive [...]
[...] comes perilously close to winning a Bob Dole Award. The first chapter of their proposal fixates on symptoms of debt and deficits rather than the real problem of excessive government spending. Indeed, the first six charts all relate to deficits and debt, creating an easy opening for [...]
[...] comes perilously close to winning a Bob Dole Award. The first chapter of their proposal fixates on symptoms of debt and deficits rather than the real problem of excessive government spending. Indeed, the first six charts all relate to deficits and debt, creating an easy opening for [...]
[...] comes perilously close to winning a Bob Dole Award. The first chapter of their proposal fixates on symptoms of debt and deficits rather than the real problem of excessive government spending. Indeed, the first six charts all relate to deficits and debt, creating an easy opening for [...]
[...] the goal shouldn’t be to balance the budget. We want faster growth, more freedom, and constitutional government. All of these goals (as well as [...]
[...] That’s the topic we debated on Larry Kudlow’s program. I didn’t get much air time in this interview, but I’m glad that I got out the key point about the real problem being big government rather than red ink. [...]
[...] an implication of what he says. Moreover, I’m just glad that someone recognizes that the problem is spending, and that debt and deficits are best understood as symptoms of that underlying [...]
[...] growth of spending (which is the underlying disease) is the best way of controlling red ink (the symptom of excessive government). Switzerland’s spending cap has helped the country avoid the fiscal crisis affecting so many [...]
Ill ask himn tonight, Im going to his book signing.
[...] Another problem is that many people in Washington are fixated on deficits and debt, but that’s akin to focusing on symptoms and ignoring the underlying disease. To elaborate, this video explains that America’s fiscal problem is too much spending rather than too much debt. [...]
[...] growth of spending (which is the underlying disease) is the best way of controlling red ink (the symptom of excessive government). Switzerland’s spending cap has helped the country avoid the fiscal crisis affecting so many [...]