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  • government spending

    Continual Keynesian Collapse

    The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll spend – to revive the economy, never works. The latest installment of Keynesian failure is the payroll … More

    Morning Bell: Gov. Scott Walker Sits Down With Heritage and Answers the Tough Questions

    MADISON, Wis. — Teachers’ unions and representatives of every liberal interest group in the country may have taken over the streets of Madison for demonstrations, marches and speeches, but inside the Wisconsin governor’s mansion its chief tenant remains calm and resolute. The Badger State’s budget will be balanced, Gov. Scott … More

    State Spending Cuts Are Key Part of Brightening Our Fiscal Future

    A considerable volume of cross-country analysis has found no positive impact on economic growth from more government spending. Many studies (see here and here, for example) find that government spending actually hurts growth. A recent study by The Heritage Foundation and The Wall Street Journal of economic recovery following the … More

    Mr. President, Being Innovative Requires Greater Economic Freedom

    In his State of the Union address, President Obama used innovation as one of the key words in elaborating his vision for America’s economic future. He embraced the word quite often during his speech, mentioning “innovation” eight times. If other variations of the word, such as innovate and innovative, are … More

    Government Spending vs Economic Growth

    The Wall Street Journal reports: “President Barack Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday … Mr. Obama will argue that the U.S., even while trying to reduce its budget deficit, must make targeted investments to foster job … More

    How Much Will Defense Spending Shrink in Britain?

    Last week, George Osborne, the British Chancellor of the Exchequer, unveiled the results of a wide-ranging review of spending, designed to bring the government’s share of the economy down from today’s 47.5 percent to 41 percent by 2014–15. In the main, the review’s results are welcome, though they do not … More

    Don't Mess With Texas; Learn From It

    While the United States struggles to escape a recession — and California is plagued with a massive fiscal crisis — there is one outlier posting big job growth numbers, all while keeping taxes low and government small: Texas. In a new study, the Texas Public Policy Foundation finds that though … More

    Spending Revolt Tours the Nation

    Rampant government spending is out of control. The federal government is spending at a rate of $112,000 per second. Billion dollar programs are driving up U.S. debt to unheard-of levels. Now average Americans are telling Washington to hit the brakes. Following the passage of Obamacare, a coalition of taxpayers, women, … More

    Real or Fake: $3.2 Million Turtle Tunnels

    Last week, Sens. Tom Coburn (R-OK) and John McCain (R-AZ) released a report detailing 100 wasteful economic stimulus projects including $144,541 in stimulus funds to study the effect of cocaine use on monkeys. But that is just the tip of the iceberg. The creative team at Bankrupting America has highlighted … More

    Promoting Economic Freedom Is the Best Foreign Aid

    The new U.K. coalition government’s strong ongoing support for foreign aid may be one area where it is out of touch with the British electorate. According to a recent poll, the British public identifies foreign aid as one of the top three priorities for spending cuts. Nearly half the respondents … More