Tag Archives: government spending

Prepare for the Tantrums

The real problem is that the “government spending” component of the GDP exceeds government revenues by about a trillion dollars.  That’s every year.  This means that our GDP is artificially inflated by about one trillion dollars.  Make any cuts, which … Continue reading

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Economic Impact of Fiscal Cliff

Washington is in a dither over the fiscal cliff. The cliff consists of roughly $500 billion in tax increases that will occur on January 1, 2013 as the Bush-era tax rates expire, along with almost $100 billion in automatic cuts … Continue reading

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Tax Hikes Cost Economy

There is a good reason why Republicans and Reagan Democrats oppose tax increases and favor spending restraints: A dollar of tax increase to pay for an additional dollar of government spending costs the economy much more than a dollar — … Continue reading

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