Obama has plans to give everyone everything free!!!!

Daniel J. Mitchell – USA: Drowning In Debt?

Uploaded by on Jun 1, 2009

Debating whether the United States has gone too far in accumulating debt, with Dan Mitchell, Cato Institute; Christian Weller, Center for American Progress; and CNBC’s Erin Burnett.

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Does anyone care about growing the economy anymore?

Economists often do a crummy job of teaching people about the impact of fiscal policy on the labor force, largely because we put people to sleep with boring discussions about “labor supply” decisions (my blog post from last year perhaps being an example of this tendency).

From now on, I will try to remember to use this cartoon. It’s a parody of Obama’s policies, but the last slide (or is it a panel?) is a great teaching tool about what happens when politicians turn the safety net into a hammock.

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