Dispatches from District 48
Posts tagged ‘Dan Mitchell’
I missed it, but Dan Mitchell had a good article starting from my post on Kevin Drum's unintentionally anti-Keynesian chart pair.
Readers will know from my "trend that is not a trend" series how fascinated I am by how often data referenced in the media tells exactly the opposite story as the one claimed.
Called a “debt failsafe trigger,” Obama’s scheme would automatically raise taxes if politicians spend too much. According to the talking points distributed by the White House, the automatic tax increase would take effect “if, by 2014, the projected ratio of debt-to-GDP is not stabilized and declining toward the end of the decade.”
Pretty good evidence that the default mentality in Washington is that "all your money are belong to us" and whatever is leftover that the government does not happen to spend, you are welcome to use for yourself.
