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Why Congress Needs a New Budget Process

The collapse of congressional budgeting in recent years has occurred just as the government’s fiscal outlook is approaching critical. If left unchecked, current trends will lead to unprecedented levels of federal spending as a share of U.S. economic output, far beyond taxpayers’ historical tolerance and perhaps greater than the economy can sustain. The resulting debt would seriously hamper the nation’s potential for long-term growth. These trends can be corrected only with a regular, stabl...
Republic Of United States United Kingdom Los Angeles Great Britain Aaronb Wildavsky

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#BTColumn  – Good intentions versus reality

#BTColumn  – Good intentions versus reality Article by February 25, 2021 Disclaimer: The views and opinions expressed by this author are their own and do not represent the official position of the Barbados Today. by Adrian Sobers “Many things that are supposed to help blacks actually have a track record of making things worse. Minimum wage laws have had a devastating effect in making black teenage unemployment several times higher than it once was.” – Thomas Sowell ...
United States Brandon James David Neumark Johnf Cogan Waltere Williams Thomas Sowell

America's Stimulus Debate - Project Syndicate

Many would regard the middle of a pandemic-induced economic crisis as the wrong time to sound the alarm about the potential dangers of profligate government spending. But as US President Joe Biden’s proposed $1.9 trillion economic rescue plan works its way through Congress, it is not only Republicans who are asking whether providing too much fiscal stimulus could be just as risky as delivering too little.
United States Johnb Taylor Robert Skidelsky Daron Acemoglu Jamesk Galbraith Joe Biden

America's Excessive Government Spending Must Stop by George P. Shultz, John F. Cogan and John B. Taylor

Before his death on February 6, George P. Shultz, a former US Secretary of the Treasury and Secretary of State, co-authored a final commentary warning of the dangers posed by the vast increase in US government spending in recent years, including during the COVID-19 crisis.
United States Franklind Roosevelt Federal Reserve High Cost Good Intentions Choose Economic Freedom

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