Regulars

Half Baked

Petit Tyrants

Chairmen of House and Senate Budget Committees Propose Good Budgets, Particularly Compared to Obama’s Spendthrift Plan

Earlier this year, President Obama proposed a budget that would impose new taxes and add a couple of trillion dollars to the burden of government spending over the next 10 years. The Republican Chairmen of the House and Senate Budget Committees have now weighed in. You can read the details of the House proposal by […]

Continue reading Chairmen of House and Senate Budget Committees Propose Good Budgets, Particularly Compared to Obama’s Spendthrift Plan

Are Congressional Republicans Big-Spending Bushies or Fiscally-Responsible Reaganites?

I feel a bit schizophrenic when people ask me my opinion of Republicans on Capitol Hill. When I’m in a good mood (or being naively optimistic, some might argue), I applaud them for blocking Obama’s spending agenda. The fights over sequestration, debt limits, and government shutdowns have made a real difference. The burden of government […]

Continue reading Are Congressional Republicans Big-Spending Bushies or Fiscally-Responsible Reaganites?

To Control Leviathan, even the IMF Agrees that Spending Caps Are Far More Effective than Balanced Budget Requirements

It’s not very often that I applaud research from the International Monetary Fund. That international bureaucracy has a bad track record of pushing for tax hikes and other policies to augment the size and power of government (which shouldn’t surprise us since the IMF’s lavishly compensated bureaucrats owe their sinecures to government and it wouldn’t […]

Continue reading To Control Leviathan, even the IMF Agrees that Spending Caps Are Far More Effective than Balanced Budget Requirements

The Alberta Example: Spending Caps Are the Way to Prevent Unsustainable Fiscal Binges During Growth Years

Back in 2012, I shared some superb analysis from Investor’s Business Daily showing that the United States never would have suffered $1 trillion-plus deficits during Obama’s first term if lawmakers had simply exercised a modest bit of spending restraint beginning back in 1998. And the IBD research didn’t assume anything onerous. Indeed, the author specifically […]

Continue reading The Alberta Example: Spending Caps Are the Way to Prevent Unsustainable Fiscal Binges During Growth Years

Shut Down the Department of Education, End Federal Government Involvement and Intervention

To save the nation from a future Greek-style fiscal meltdown, we should reform entitlements. But as part of the effort to restore limited, constitutional government, we also should shut down various departments that deal with issues that shouldn’t be handled by the central government. I’ve already identified some low-hanging fruit. Get rid of the Department […]

Continue reading Shut Down the Department of Education, End Federal Government Involvement and Intervention

The Empirical Case for a Much Smaller Public Sector

As a fiscal policy economist who believes in individual liberty and personal responsibility, I have two goals. 1. Replace the corrupt and punitive internal revenue code with a simple and fair flat tax that raises necessary revenue in the least-destructive and least-intrusive manner possible. 2. Shrink the size of the federal government so that it […]

Continue reading The Empirical Case for a Much Smaller Public Sector