deficit « Sago

Europe’s Politicians Learned the Wrong Lesson from Saint Augustine

By DanielJMitchell, on June 18th, 2013

In my never-ending crusade to push for the right kind of austerity, I appeared on RT to pontificate on the merits of limited government. We got to cover a lot of material, so here’s some augmenting material. 1. The right kind of “austerity” is less government spending, which is why I’m very frustrated that the […] . . . → Read More: Europe’s Politicians Learned the Wrong Lesson from Saint Augustine

Question of the Week: Are there any Lessons to Be Learned from the Rogoff-Reinhart Kerfuffle?

By DanielJMitchell, on April 27th, 2013

I’ve received several requests to comment on the controversy surrounding the famous Rogoff-Reinhart study on government debt and economic performance. For those who haven’t followed this issue, Kenneth Rogoff and Carmen Reinhart wrote an influential paper in 2010 arguing that government debt above 90 percent of GDP was associated with weaker economic performance. It turns [...] . . . → Read More: Question of the Week: Are there any Lessons to Be Learned from the Rogoff-Reinhart Kerfuffle?

Even Cartoonists Understand that You Shouldn’t Postpone Reforms Until the Fiscal Crisis Has Started

By DanielJMitchell, on March 24th, 2013

I’m a bit of a nag on getting people to realize that deficits are not the nation’s main fiscal problem. Government borrowing isn’t desirable, to be sure, but our real concern should be a government that is too big and spending too much. I even created a Bob Dole Award to chastise people who mistakenly [...] . . . → Read More: Even Cartoonists Understand that You Shouldn’t Postpone Reforms Until the Fiscal Crisis Has Started

Will Gov. Dayton’s Mulligan Budget balance?

By Gary Gross, on March 15th, 2013

Based on MMB’s documentation, Gov. Dayton’s Mulligan Budget runs an $8,000,000 surplus. According to Pg. 2′s statistics, Gov. Dayton’s new tax increases will raise $1,830,000,000 in new revenue while increasing spending by $1,196,000,000. According to MMB’s report, the Dayton/DFL budget will spend $37,946,000,000 while taking in $37,939,000,000, leaving a miniscule $8,000,000 surplus. Running an $8,000,000 [...] . . . → Read More: Will Gov. Dayton’s Mulligan Budget balance?

Intelligent people don’t trust Spinmeister-In-Chief

By Gary Gross, on February 21st, 2013

Intelligent people who’ve viewed this video of President Obama don’t trust what the spinmeister-in-chief is saying: That President Obama would characterize the budget cuts currently heading in our direction as draconian is insulting. They aren’t draconian. Honest, intelligent people would characterize them as barely visible. If the sequestration isn’t averted for this year, they’ll represent [...] . . . → Read More: Intelligent people don’t trust Spinmeister-In-Chief

The Millennial Generation: Dazed and Confused

By Matt Vespa, on February 14th, 2013

It’s no surprise that younger voters are more liberal. Currently, the Millennial generation sees no problem with big government, and the entitlement spending that will sink all of our futures. Sheryl Gay Stolberg penned a column in theNew York Times on February 10 about the current crop of younger voters in Montana, and how that’s a microcosm [...] . . . → Read More: The Millennial Generation: Dazed and Confused

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