Chris Edwards, a friend of mine and the director of tax policy studies at Cato Institute, gives praise to the President’s budget proposals. Edwards recognizes that Trump’s budget is the first in some time to actually reduce spending from the baseline. The budget shifts priorities with boosts to defense, infrastructure, paid leave, and a few other […]
Finally a Detailed Plan (to Plan) to Reduce the Size of Government
My friend Chris Edwards writes at the Cato Institute’s web site that OMB Director Mick Mulvaney has released a 14-page memo creating a process by which the executive branch can produce a detailed plan to cut the size of government. The memo is more of a plan-for-a-plan, but will ultimately produce a final plan a […]
Obama’s Debt Interest Bomb
The Obama administration was the beneficiary of unprecedented low interest rates, which helped keep the economy moving, but more importantly for the former administration’s big-government agenda, kept borrowing rates low for the Treasury. The Trump administration will have to deal with the fallout of Obama’s big spending and borrowing ways as interest rates rise. The […]
The Entitlement Titanic Has Already Hit the Iceberg
At International Liberty, Dan Mitchell lays out six charts from the CBO that make the case that America’s entitlement programs are the Titanic, after it hit the iceberg, but people are still getting on board. Even though they know the ship is going down, they’re more interested in the promise of fancy buffets and free […]
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