Archive for July 24th, 2010

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We are so screwed

July 24, 2010

As if to illustrate the complaint in my About page that all three branches and both major parties are all agents of expanding government, here’s some interesting commentary at National Review Online. (Click the graph to embiggen.)

Do Not Trust Cornyn or McConnell on Spending Cuts
July 18, 2010 7:39 PM
By Kevin D. Williamson

Sen. Mitch McConnell, the Republican majority leader, sounds like a reasonable guy when he says that Republicans aren’t against extended unemployment benefits, but merely want them offset with spending cuts elsewhere in the budget. In some circles, that’s the very definition of moderation: I’ll go along with your program, but you have to find the savings.

Don’t buy it.

[…]

Check out the spending under your guys, Senator McConnell. Notice how it doesn’t go down? This is why nobody trusts Republicans on spending: because Republicans have not earned anybody’s trust.

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The Rahn curve

July 24, 2010

This is an interesting speculation about the effect of government spending on economic growth. It’s based on a review of economic opinion and some economic history and comes from the Center for Freedom and Prosperity. Dan Mitchell of the Cato Institute is the narrator; he’s done a whole series of videos arguing for limited government for the CFP. In this one, he summarizes the works of Richard Rahn, a Cato Institute fellow.

I’m always a little leery of giving too much credence to derivative studies like this one appears to be and I don’t consider that this one proves anything. It may not even be good evidence of the point it’s trying to make, since I don’t know what data may have been ignored. For one thing, no mention is made of the nature of government spending – only its overall burden on its economy.

But all that said, I think it’s worth viewing (bad green screen effect and all). It seems to raise a few questions for the anarcho-capitalists as well as for the socialists.

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