Comments on: It’s Simple to Balance the Budget without Higher Taxes http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/ Restraining Government in America and Around the World Mon, 20 May 2013 04:43:00 +0000 hourly 1 http://wordpress.com/ By: Open letter to President Obama (Part 242) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-56984 Mon, 18 Feb 2013 13:00:21 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-56984 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: If Spending Is Capped So It Grows at the Rate of Inflation, the Budget Is Balanced in 2018 « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-55877 Wed, 06 Feb 2013 16:57:46 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-55877 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: It is really simple after all to balance the budget according to Dan Mitchell of the Cato Institute « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-39580 Tue, 11 Sep 2012 11:06:38 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-39580 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: It’s Simple to Balance the Budget with Modest Spending Restraint | Sago http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-36947 Fri, 24 Aug 2012 16:36:11 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-36947 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: It’s Simple to Balance the Budget with Modest Spending Restraint | Cato @ Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-36787 Thu, 23 Aug 2012 17:50:22 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-36787 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: It’s Simple to Balance the Budget with Modest Spending Restraint « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-36768 Thu, 23 Aug 2012 16:30:58 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-36768 [...] first did this back in September 2010, and showed that we could balance the budget in 10 years if federal spending was limited so it grew [...]

]]> By: Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-32482 Thu, 26 Jul 2012 12:25:25 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-32482 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: Patrick Wunderlich http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-30359 Thu, 05 Jul 2012 06:44:55 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-30359 Eliminating baseline budgeting would keep the growth of government low but it would also force the government to become more efficient. If automatic increases in your budget are already baked in the cake, why would you worry about terminating programs that have poor results? By removing the unlimited money, you would force Congress to cut inefficient programs and concentrate resources on productive programs.

]]> By: Dan Mitchell demonstrates again that spending is our problem but it can be solved « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22365 Fri, 03 Feb 2012 17:21:16 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22365 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday,” Open letter to Senator Pryor) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22311 Thu, 02 Feb 2012 18:41:29 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22311 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink | Tennesseans Watching Federal & State Government http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22205 Wed, 01 Feb 2012 14:56:05 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22205 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink | Cato @ Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22175 Tue, 31 Jan 2012 23:02:39 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22175 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink « News « @griffinrc http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22166 Tue, 31 Jan 2012 20:55:45 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22166 [...] Back in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: » New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink - Big Government http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22160 Tue, 31 Jan 2012 20:53:12 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22160 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink - Forbes http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22141 Tue, 31 Jan 2012 16:36:05 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22141 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: New Congressional Budget Office Numbers Once Again Show that Modest Spending Restraint Would Eliminate Red Ink « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-22131 Tue, 31 Jan 2012 16:17:08 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-22131 [...] in 2010, I crunched the numbers from the Congressional Budget Office and reported that the budget could be balanced in just 10 years if politicians exercised a modicum of fiscal discipline and limited annual spending increases to [...]

]]> By: Reasons why Mark Pryor will be defeated in 2014 (Part 8) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-20193 Thu, 29 Dec 2011 06:55:41 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-20193 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-18592 Thu, 01 Dec 2011 22:13:30 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-18592 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: Dear Senator Pryor, why not pass the Balanced Budget Amendment? (Part 6 Thirsty Thursday, Open letter to Senator Pryor) « HaltingArkansasLiberalswithTruth http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-14290 Thu, 08 Sep 2011 12:19:33 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-14290 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: Let’s Send Obama to the Vatican for an Economics Lesson « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-13995 Wed, 31 Aug 2011 14:02:36 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-13995 [...] other words, Milton Friedman was correct many years ago when he warned that, “In the long run government will spend whatever the tax system will raise, [...]

]]> By: » New CBO Numbers Confirm-Once Again-that Modest Spending Restraint Can Balance the Budget - Big Government http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-13760 Thu, 25 Aug 2011 11:52:05 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-13760 [...] that these numbers are a surprise. I got similar results after last year’s update, and also earlier this year when the Economic and Budget Outlook was [...]

]]> By: New CBO Numbers Confirm – Once Again – that Modest Spending Restraint Can Balance the Budget « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-13738 Wed, 24 Aug 2011 19:43:19 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-13738 [...] that these numbers are a surprise. I got similar results after last year’s update, and also earlier this year when the Economic and Budget Outlook was [...]

]]> By: bill jones http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-13637 Sat, 20 Aug 2011 20:40:46 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-13637 Your graph suggests federal revenues will increase from slightly over $two-billion to more than $four-billion by the year 2020. That’s double what they are now or about a 100% increase. That in turn averages out to a 10% percent increase per year. That’s foolish. Historically, federal revenues only increase by about two or three percent per year.

To average an annual 10% average rise in federal revenues, you would need MUCH higher revenues…i.e. a huge tax increase.

]]> By: HoosierAccess » Blog Archive » The Fundamental Failures of the “Balanced Approach.” http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-13558 Thu, 18 Aug 2011 02:09:51 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-13558 [...] such as inflation, more population, and economic expansion) by more than 7 percent each year. Balancing the budget is simple so long as politicians increase spending at a slower rate. If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so [...]

]]> By: Seven Reasons to Oppose Higher Taxes | Cato @ Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-10679 Thu, 05 May 2011 06:14:13 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-10679 [...] the budget makes the same point as reason #1 about why higher taxes are unnecessary. Simply stated, balancing the budget merely requires a modest degree of fiscal discipline, such as capping spending so it only grows 2 percent per [...]

]]> By: Seven Reasons to Oppose Higher Taxes | Conservatives for America http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-10668 Wed, 04 May 2011 14:02:01 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-10668 [...] the budget makes the same point as reason #1 about why higher taxes are unnecessary. Simply stated, balancing the budget merely requires a modest degree of fiscal discipline, such as capping spending so it only grows 2 percent per [...]

]]> By: » Seven Reasons to Oppose Higher Taxes - Big Government http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-10664 Wed, 04 May 2011 13:33:45 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-10664 [...] the budget makes the same point as reason #1 about why higher taxes are unnecessary. Simply stated, balancing the budget merely requires a modest degree of fiscal discipline, such as capping spending so it only grows 2 percent per [...]

]]> By: Seven Reasons to Oppose Higher Taxes « International Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-10657 Wed, 04 May 2011 12:33:41 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-10657 [...] the budget makes the same point as reason #1 about why higher taxes are unnecessary. Simply stated, balancing the budget merely requires a modest degree of fiscal discipline, such as capping spending so it only grows 2 percent per [...]

]]> By: Federal Budget Cap at 3% | Cato @ Liberty http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-8948 Wed, 09 Mar 2011 17:38:50 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-8948 [...] discussed a spending growth cap in more detail here and here and here. Dan Mitchell has made similar observations about spending growth rates. The folks at One Cent Solution are recommending a tighter cap. Chris [...]

]]> By: A simple plan to cut government growth : USACTION NEWS http://danieljmitchell.wordpress.com/2010/09/22/its-simple-to-balance-the-budget-without-higher-taxes/#comment-8927 Wed, 09 Mar 2011 11:52:13 +0000 http://danieljmitchell.wordpress.com/?p=5198#comment-8927 [...] discussed a spending growth cap in more detail here and here and here. Dan Mitchell has made similar observations about spending growth rates. The folks at One Cent Solution are recommending a tighter cap. [...]

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