Browsing All Posts filed under »Taxation and Government spending«

Amid fiscal profligacy and fears of a looming debt crisis, Spending cuts recommended but is a tax increase necessary?

October 5, 2010 by

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This video by prominent Washington DC based Economist Daniel Mitchell demonstrates that only spending cuts and not an increase in the tax burden are needed to balance the budget.  Although the video refers to an increasingly “big government” America, the same issue plagues most European countries and particularly the United Kingdom.  While the new UK conservative government has the good […]

Europe P-I-G-S Debt, America’s spending under Bush and Obama at the origin of a Libertarian Revival: Blessings in Disguise!

September 2, 2010 by

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In a TV interview on Feb. 5, 1976, Prime Minister Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”   After the Greek Debt crisis, the whole world turned its attention to sovereign debt, government budgets and fiscal issues.  […]

What happens when politicians, conservatives and liberals get together to make economic policy? a recipe for economic catastrophe!

September 1, 2010 by

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Written by Orphe P. Divounguy In May 2010, something really odd happened: our “great” allies from the other side of the pond decided on a coalition government between a Conservative party, usually the party associated with lower spending/taxes, and the Liberal-Democrats that promised anything but fiscal adjustments.  The Conservatives promised to cut government spending, and […]

Obamanomics 101: The economy must be in peril if Hollywood feels compelled to spread the word: Video exposes some disturbing facts… The movie “the Other guys” end credits…

August 12, 2010 by

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One of the most important thing to take out of this video is that bailout money did not save the US economy. The bailout of major corporations primarily helped foreign investors and institutions. Bailouts also create a perverse incentive system. As long as the administration does not adopt a laissez-faire policy, irresponsible risk taking and […]

Job Growth in May: economic recovery or another bubble driven by Government spending?

June 4, 2010 by

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The May jobs report tells us that government created 10 times more jobs than the private sector, the engine of growth for our economy. Most of this government job creation is financed by government spending! With unprecedented deficits and government debt all around the world, the so called economic recovery seems to be entirely financed […]

Breaking news (I’m not surprised!): May Jobs report is a disappointment!

June 4, 2010 by

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President Obama and his Vice President are happy to report “job growth” for 5 months in a row!  Nonfarm payrolls up 431,000 in May but this number doesn’t paint the whole picture. Although unemployment is down by 0.2% from 9.9% to 9.7%, job Growth did not meet most economists expectations, but I can’t say that I am […]

Could Economic Freedom and Competitiveness make up for High Levels of Government Spending? The UK still most attractive to investors in Europe!

June 3, 2010 by

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James Close from Ernst & Young told CNBC on Wednesday that the UK was still attracting the most Foreign Direct Investment in Europe.  Amidst the sovereign debt fears in the developed world, the UK stands out despite huge government spending and unprecedented debt to GDP ratio.  According to James Close, the things that matter to […]