Category Archives: Economist Dan Mitchell

Why can’t leftists read the stats? (includes editorial cartoon)

When I see taxes go up then I expect to see people try to avoid paying the higher taxes. Why can’t liberals see that is going to happen? Look at this stats below.

Cigarette butt, to be more specific.

All over the world, governments impose draconian taxes on tobacco, and then they wind up surprised that projected revenues don’t materialize. We’ve seen this in Bulgaria and Romania, and we’ve seen this Laffer Curve effect in Washington, DC, and Michigan.

Even the Government Accountability Office has found big Laffer Curve effects from tobacco taxation.

And now we’re seeing the same result in Ireland.

Here are some details from an Irish newspaper.

…new Department of Finance figures showing that tobacco excise tax receipts are falling dramatically short of targets, even though taxes have increased and the number of people smoking has remained constant…the latest upsurge in smuggling…is costing the state hundreds of millions in lost revenue. Criminal gangs are openly selling smuggled cigarettes on the streets of central Dublin and other cities, door to door and at fairs and markets. Counterfeit cigarettes can be brought to the Irish market at a cost of just 20 cents a pack and sold on the black market at €4.50. The average selling price of legitimate cigarettes is €9.20 a pack. …Ireland has the most expensive cigarettes in the European Union, meaning that smugglers can make big profits by offering them at cheaper prices.

I have to laugh at the part of the article that says, “receipts are falling dramatically short of targets, even though taxes have increased.”

This is what’s called the Fox Butterfield effect, when a leftist expresses puzzlement about something that’s actually common sense. Named after a former New York Times reporter, Irish Tax Kisswho was baffled that more people were in prison at the same time that crime rates were falling, it also shows up in tax policy when statists are surprised that tax revenues don’t automatically rise when tax rates become oppressive.

Ireland, by the way, should know better. About the only good policy left in the Emerald Isle is the low corporate tax rate. And as you can see in this video, that policy has yielded very good results.

The Laffer Curve, Part II: Reviewing the Evidence

My favorite example from that video, needless to say, is what happened during the Reagan years, when the rich paid much more to the IRS after their tax rates were slashed.

P.S. You won’t be surprised to learn that a branch of the United Nations is pushing for global taxation of tobacco. To paraphrase Douglas McArthur, “Bad ideas never die, they become global.”

____________

This fellow in the cartoon below will not stick around to pull the sled will he?

You can see one of my favorite political cartoons, produced by Chuck Asay, by clicking this link. It shows how a burdensome welfare state undermines growth by creating too heavy a load for the economy to carry.

Here’s a Lisa Benson cartoon that makes a similar point, but it focuses on Obama’s class-warfare tax policy.

Cartoon Grinch Spending

What makes the cartoon especially effective is that it not only shows that higher tax burden is designed to finance more spending, but also it makes clear that soaking-the-rich won’t be enough.

I’ve already cited a bunch of semi-honest leftists who admit that their real goal is taxing the middle class (probably with a value-added tax!), so we can’t say we haven’t been warned.

P.S. My two other favorite Lisa Benson cartoons can be enjoyed here and here.

P.P.S. For Chuck Asay fans, my two other top choices for his work can be seen here and here.

Dear Senator Pryor, here are some spending cut suggestions (“Thirsty Thursday”, Open letter to Senator Pryor, cartoon included)

Senator Pryor pictured below:

Why do I keep writing and email Senator Pryor suggestions on how to cut our budget? I gave him hundreds of ideas about how to cut spending and as far as I can tell he has taken none of my suggestions. You can find some of my suggestions here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here,  here, and  here, and they all were emailed to him. In fact, I have written 13 posts pointing out reasons why I believe Senator Pryor’s re-election attempt will be unsuccessful. HERE I GO AGAIN WITH ANOTHER EMAIL I JUST SENT TO SENATOR PRYOR!!!

Dear Senator Pryor,

Why not pass the Balanced  Budget amendment? As you know that federal deficit is at all time high (1.6 trillion deficit with revenues of 2.2 trillion and spending at 3.8 trillion).

On my blog www.thedailyhatch.org . I took you at your word and sent you over 100 emails with specific spending cut ideas. (Actually there were over 160 emails with specific spending cut suggestions.) However, I did not see any of them in the recent debt deal that Congress adopted although you did respond to me several times. Now I am trying another approach. Every week from now on I will send you an email explaining different reasons why we need the Balanced Budget Amendment. It will appear on my blog on “Thirsty Thursday” because the government is always thirsty for more money to spend. Today I actually have included a great article below from the Heritage Foundation concerning an area of our federal budget that needs to be cut down to size. The funny thing about the Sequester and the 2.4% of cuts in future increases is that President Obama set these up and then he acted like the sky was falling in as the cartoons indicate in the newspapers.

IF YOU TRULY WANT TO CUT THE BUDGET AND BALANCE THE BUDGET THEN SUBMIT THESE POTENTIAL BUDGET CUTS PRESENTED BELOW!!

_______________

Funding Government by the Minute

Published on Mar 28, 2012

At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy could buy fifteen. It seems that balancing the budget may require more than just cutting government programs. What should be done?

____________________

We got to cut wasteful spending out of the government and here is another fine suggestion from the Heritage Foundation.

Todd Thurman

March 12, 2013 at 5:40 pm

Newscom

The massive spending bill, or continuing resolution, released by the Senate this week continues spending on programs which are inappropriate or wasteful and fails to adopt good policies in many areas. Here’s a rundown of some of the worst offenders in the Senate bill:

Postal Service Saturday delivery: $2 billion. The Senate CR continues—by omission—the prior year’s ban on using the Postal Service’s small appropriation to reduce service levels, effectively mandating Saturday service. This, along with other such congressional restriction, limits the Postal Service’s ability to reduce costs and increases the risk of massive federal subsidies in the near future.

—James Gattuso, Senior Research Fellow in Regulatory Policy

NASA Manned Spacecraft: $1.2 billion. The Orion Multi-Purpose Crew Vehicle is the new manned spacecraft NASA is developing for exploration of the Moon and Mars and for other purposes. Manned space flight is vastly more expensive than robotic exploration and is largely a public relations showcase for NASA to market itself to the American people. NASA’s budget should be pared back to a tight focus on cost-effective projects to advance its core missions.

—J. D. Foster, Norman B. Ture Senior Fellow in the Economics of Fiscal Policy

Regular readers know that I get very excited when I see signs that more and more people are realizing that the real fiscal problem is big government. Even if the sound analysis comes from foreigners or international bureaucracies.

Deficits and debt are bad, to be sure, but they are best understood as symptoms of the underlying disease of excessive spending.

With that in mind, we have two cartoons that correctly identify the real threat to America’s future.

Here’s Lisa Benson showing the President enjoying a dance with his first love at the inaugural.

Big Government Dance Cartoon

And here’s a Jerry Holbert cartoon capturing the rapacious appetite of a bloated public sector and the impact on society.

Big Government Child Cartoon

As you can see here and here, it’s quite similar to the theme used with great effectiveness by Eric Allie.

Except Holbert seems to emphasize deliberate destructiveness, rather than the blundering incompetence in the Allie cartoons.

But the net effect is still the same. Big government is counter-productive government.

_______________

The Balanced Budget Amendment is the only thing I can think of that would force Washington to cut spending. We have only a handful of balanced budgets in the last 60 years, so obviously what we are doing is not working. We are passing along this debt to the next generation. YOUR APPROACH HAS BEEN TO REJECT THE BALANCED BUDGET “BECAUSE WE SHOULD CUT THE BUDGET OURSELF,” WELL THEN HERE IS YOUR CHANCE!!!! SUBMIT THESE CUTS!!!!

Thank you for this opportunity to share my ideas with you.

Sincerely,

Everette Hatcher, lowcostsqueegees@yahoo.com www.thedailyhatch.org, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733

Related posts:

Mark Pryor responds to me concerning Debt Ceiling email (Part 1)

The problem with the debt ceiling is very clear to me. We need to get serious about cutting federal spending. I am so upset about it that I have emailed over 100 emails to Senator Pryor concerning specific spending suggestions. I get emails from back from Senator Pryor like the one below. This means that […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 164)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 164) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 163)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 163) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 162)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 162) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Capitol Tours with Senator Mark Pryor

Three very good video tours below from Senator Mark Pryor. Published on Jun 13, 2012 by SenatorPryor Episode 1: Arkansans in the Capitol Published on Jul 9, 2012 by SenatorPryor Episode 2: The Crypt and the Old Supreme Court Published on Aug 20, 2012 by SenatorPryor Episode 3: The Senate Chamber If you want to […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 161)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 161) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Senator Mark Pryor responds to my email

Senator Mark Pryor wants our ideas on how to cut federal spending and I sent them to him but he didn’t take any of my suggestions. However, he did take time to get back to me today, but I am not too impressed with Senator Pryor’s response. I gave him hundreds of ideas about how […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 160)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 160) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 159)

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 159) Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to […]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 158)

Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below: Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to do so in the future. On May 11, 2011,  I emailed to […]

Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor)

Office of the Majority Whip | Balanced Budget Amendment Video In 1995, Congress nearly passed a constitutional amendment mandating a balanced budget. The Balanced Budget Amendment would have forced the federal government to live within its means. This Balanced Budget Amendment failed by one vote. 16 years later, Congress has the chance to get it […]

Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor)

Sadly Senator Pryor has voted against the Balanced Budget Amendment over and over in his long time in the Senate. Senator Pryor: “There are a lot of people who think a balanced-budget amendment solves all the fiscal problems. I completely disagree.” (Peter Urban, Pryor Tilts Balanced Budget, Southwest Times Record, 11/17/11) Dear Senator Pryor, Why […]

Dear Senator Pryor, why not pass the Balanced Budget Amendment? (“Thirsty Thursday”, Open letter to Senator Pryor)

Mark Levin and Senator Hatch discuss the balanced budget amendment and it’s importance. Uploaded by loveconstitution on Jan 28, 2011 Mark Levin interviews Senator Hatch 1/27/2011 about the balanced budget amendment. Mark is very excited about the balanced budget amendment being proposed by Senator Orin Hatch and John Cornyn and he discusses the amendment with […]

Will Senator Pryor be re-elected in 2014? (Part 4)(Royal Wedding Part 5)

Dr. Jay Barth with Hendrix College comments on our latest poll results on Arkansas politics (clip from Talkbusiness) Talk Business reported today in the article “Poll Shows Beebe Strength, Pryor Shaky,” the following: A new Talk Business-Hendrix College Poll shows Gov. Mike Beebe (D) maintaining his high job approval rating, while Sen. Mark Pryor (D) […]

Will Senator Pryor be re-elected in 2014? Part 3 (The Conspirator Part 16)

U.S. Sen. Mark Pryor at the 2009 Democratic Party Jefferson Jackson Dinner, Arkansas’s largest annual political event. Mark Pryor is up for re-election to the Senate in 2014. It is my opinion that the only reason he did not have an opponent in 2008 was because the Republicans in Arkansas did not want to go […]

Will Senator Pryor be re-elected or not? (Part 3)

Michael Tanner, a senior fellow at the CATO institute, explains that the rate of return on social security will be much lower for todays youth. Steve Brawner wrote in his article “Tiptoeing toward the third rail,” (Arkansas News Bureau, Jan 9,): Social Security has long been considered the “third rail” for American politicians, meaning it’s […]

Will Senator Pryor be re-elected or not? Part 2

HALT:HaltingArkansasLiberalswithTruth.com   CBS — October 19, 2010 — New York Times’ Jeff Zeleny talks to Jan Crawford about the state of Democrats in the South… Are they a dying species? In the article “Southern Democrat much closer to extinction after GOP wave,” (Washington Times, Nov 4, 2010), Ben Evans notes: After this week’s elections, the […]

Will Senator Pryor be re-elected or not? Part 1

HALT:HaltingArkansasLiberalswithTruth.com Roland Martin appears on Rick’s List with Rick Sanchez and the Best Political Team on television (Candy Crowley, John King, Jeffery Toobin, Ed Rollins, Gloria Borger and Victoria Toensing) to discuss day two of the Elena Kagan Supreme Court confirmation hearings. During the analysis, Senator Graham and Elena Kagan had an interesting exchange over […]

Individualism has always lived here in America but are we losing it? (Cartoon included)

 

Individualism has always lived here in America but are we losing it?

Will Growing Dependency and Erosion of Social Capital Turn America into Europe?

March 1, 2013 by Dan Mitchell

One of my favorite political cartoons is this Michael Ramirez gem showing President Obama following the European lemmings over the cliff of statism.

But this isn’t a laughing matter. As shown in this remarkable graph on global living standards, Americans enjoy significantly more consumption than their European counterparts.

And here’s another set of charts showing a big gap between the United States and Europe.

So the obvious question is whether we should copy the statist policies of our cousins across the Atlantic.

This video explores some of the possible consequences.

The video should make us contemplate the importance of cultural attitudes.

Values such as the work ethic, the spirit of self reliance, and personal responsibility are all form of social capital that help an economy prosper.

But if social capital begins to erode, restoring it is a bit like trying to put toothpaste back in a tube.

So while I obviously think tax and spending policy is important, pro-growth fiscal policy may not mean much in a society where dependency and mooching are considered acceptable lifestyles.

Which is why the third and fourth lessons in this video on the European fiscal crisis are very important.

It is the sad truth.

Open letter to President Obama (Part 374)

(This letter was emailed to White House on 12-20-12.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

The answer to the complicated tax system is the flat tax. Why can’t we simply it? (Below is an article from Dan Mitchell’s blog http://danieljmitchell.wordpress.com/ .)

Everything that’s Wrong with the Tax System, in a Single Picture

December 19, 2012 by Dan Mitchell

I used to think this image was a damning indictment of the internal revenue code. Or here’s another chart showing how the tax system has become more convoluted over time.

But this new image may be the most effective of all of them. We don’t know what’s in the other 72,000 pages of tax code, but we’re all familiar with the basic 1040 tax form. Look at what the politicians have done to it over the past several decades.

1040 Instruction graph

The only answer, needless to say, is to throw the entire mess in the trash can and replace it with a simple and fair flat tax.

Here’s my brief explanation of how the flat tax would work and why it’s a good idea.

The Flat Tax: How it Works and Why it is Good for America

Uploaded on Mar 29, 2010

This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code. http://www.freedomandprosperity.org

_________________

Tax reform would give us more growth, but it also would reduce one of the major source of corruption in Washington.

It’s also based on the notion that discrimination is wrong and that class-warfare policy should be rejected.

So what’s not to like?

P.S. I always get a lot of email and comments from people who wonder whether we should adopt a national sales tax instead. That’s fine with me, for reasons I explain here, but you better make sure to first amend the Constitution so that scheming politicians don’t pull a bait-and-switch and saddle us with both an income tax and a sales tax.

_____________

_____________

Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

List of best cartoons from Dan Mitchell’s blog

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control.

If you asked me that question 30 years ago, I would have said Jeff MacNelly without hesitation.

MacNelly Shutdown CartoonsNot that I was exposed to many options in the pre-Internet dark ages, so my choice may have been driven by lack of knowledge. Nonetheless, MacNelly was a genius with the details, as you can see from these cartoons about IRS complexity and government shutdowns.

But what about today’s cartoonists?

Based on the number of cartoons I’ve shared, the easy answer would be either Michael Ramirez or Chuck Asay, but there are cartoons from other artists that are absolutely superb.

So I’m going to turn this question around.

Here are my favorite cartoons from various artists and you can answer the poll about which one you would rank highest.

In no particular order, the options are:

Michael Ramirez – This gem about Obamanomics is the most-viewed professional cartoon in the history of this blog, and his European lemming cartoon is great, as is his masterpiece on taxes in the Garden of Eden. But if I had to pick only one, it would be his Julia cartoon.

Chuck Asay – Since I’m a budget wonk, I should choose his cartoon about the garbage-in, garbage-out approach of the Congressional Budget Office. But for mass appeal, this tractor cartoon and this regime-uncertainty cartoon are much better. And my favorite is this nothing-left-to-steal masterpiece.

Henry Payne – For sentimental reasons, I might pick this Robin Hood cartoon. But for political cleverness, his Obamacare-Romneycare cartoon is a classic, and his Valentine’s Fairness Act cartoon is satire that could become reality. But given what I focus on every day at Cato, you’ll understand why this cartoon about Greek fiscal policy is at the top of my list.

Lisa Benson – This cartoon about California tax hikes would be near the top of the list, except taxpayers were tricked into voting for the referendum. I very much like this fiscal cliff cartoon, this Keynesian economics cartoon, and this one about jump-starting the economy with tax hikes. But the top prize goes to this cartoon because it perfectly captures Obama’s fiscal policy.

cartoon-obama-icebergEric Allie – More than anyone else, he shows with this cartoon and this cartoon how even well-intentioned government goes awry. And the teetering-on-the-edge-of-the-cliff cartoon accurately shows Obama’s mindset on fiscal policy. If forced to choose, though, I’ll go with this forward-to-the-iceberg cartoon.

Robert Ariail – I think I’ve only used three of his cartoons, but the image he produced about Greece, the euro, fiscal policy, and the rest of Europe is a classic. The other two I’ve used (here and here) are funny, but not in the same league. But if you need some added humor to compensate, this map showing how the Greeks perceive the rest of Europe is very amusing, as is this video and this video about the Greek mindset.

Gary Varvel – Here’s a good Halloween cartoon, but Varvel is the best at exposing the spending-cut hoax in DC, as you can see from this sequester cartoon and this deficit reduction cartoon. This cartoon about Bernie Madoff and Social Security, however, is at the top of my list.

Scott Stantis – Here’s a cartoon strip about involuntary contributions to support the green-energy boondoggle. And we also have a cartoon showing Obama’s less-than-stellar appreciation of the Bill of Rights. But without doubt this cartoon about Keynesian stimulus is the best Stantis cartoon I’ve ever seen.

Jerry Holbert – I was tempted to use this cartoon about the rich involuntarily financing a continued spending spree. And the Obama-as-magician cartoon will make you laugh, as will Holbert’s sequester cartoon. My favorite, though, is the one showing big government as a ravenous, spoiled, and destructive brat.

Glenn FodenGoing to Greece in a handbasket doesn’t seem like an obvious topic for a cartoon, but Foden pulls it off. And you’ll understand why I appreciate a cartoon that makes fun of sequester hysteria. But for what it’s worth, I think his best cartoon is the one mocking Obama’s private-sector-doing-fine assertion.

Chip Bok – He’s got a couple of amusing cartoons about Obama’s class-warfare agenda that can be seen here and here. I’m also partial to his cartoon about the Fed helping to bail out the euro. But the one that makes me laugh the hardest is his cartoon about the “war against women.”

Glenn McCoy – He has a great pair of cartoons on condoms and gay marriage, and I also like his cartoon on sequester hysteria. McCoy’s cartoon on gullible voters being bribed with their own money normally would be a contender. I don’t think there’s any question, though, that his cartoon on media bias is the best of the bunch.

A.F. Branco – Since I’m sick and tired of Obama and the special interests complaining about the supposedly savage sequester, I obviously like Branco’s cartoon portraying the sequester as a roadblock that may save us from fiscal destruction. But I’m even more partial to his cartoon riffing on Obama for his you-didn’t-build-that comment.

Unknown – Last but not least, here’s one of my favorite cartoons, though it’s really a parody of the Wizard of Id. And I don’t have any idea about who produced it. But how often do you find first-rate analysis of labor-supply incentives in a cartoon?

That was more work than I thought it would be, but I enjoyed getting a second look at many of these cartoons.

Now it’s time for your input. Which cartoon/author would you rank first?

Best Political Cartoonist
Lisa Benson (Santa spender cartoon)
Gary Varvel (Social-Security cartoon)
Michael Ramirez (Julia cartoon)
Jerry Holbert (brat cartoon)
Eric Allie (iceberg cartoon)
Scott Stantis (stimulus cartoon)
A.F. Branco (didn’t-build-that cartoon)
Glenn Foden (doing-fine cartoon)
Glenn McCoy (media-bias cartoon)
Robert Ariail (Greece-euro cartoon)
Henry Payne (copy-Greece cartoon)
Chip Bok (war-on-women cartoon)
Unknown (Wizard-of-Id cartoon)
Chuck Asay (dead-pig cartoon)

Quantcast

P.S. Though I lack any artistic talent, I’ve played a role in creating some cartoons. Here’s my photo-shopped cartoon that uses Lucy and Charlie Brown to show why it is utterly naive to think that tax increases will lead to deficit reduction. I even have an award for gullible GOPers who don’t grasp this simple lesson.

Welfare State Wagon CartoonsWe also have the famous set of cartoons showing how the welfare state begins and how it ends. These images were drawn by a Cato intern, but I selfishly take credit for developing the concept and guiding her work. Especially since these cartoons are the most-viewed post in the history of this blog.

I didn’t include either of these in the voting, though, since I’m sure they would have received all the votes. Right? Surely you agree? Hello…anybody there? Can you hear me?

Related posts:

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 2

Max Brantley is wrong about Tom Cotton’s accusation concerning the rise of welfare spending under President Obama. Actually welfare spending has been increasing for the last 12 years and Obama did nothing during his first four years to slow down the rate of increase of welfare spending. Rachel Sheffield of the Heritage Foundation has noted: […]

Cartoons from Dan Mitchell’s blog that demonstrate what Obama is doing to our economy Part 1

  I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. I think Max Brantley of the Arkansas Times Blog was right to point out on 2-6-13 that Hillary […]

Great cartoon from Dan Mitchell’s blog on government moochers

I thought it was great when the Republican Congress and Bill Clinton put in welfare reform but now that has been done away with and no one has to work anymore it seems. In fact, over 40% of the USA is now on the government dole. What is going to happen when that figure gets over […]

Gun Control cartoon hits the internet

Again we have another shooting and the gun control bloggers are out again calling for more laws. I have written about this subject below  and on May 23, 2012, I even got a letter back from President Obama on the subject. Now some very interesting statistics below and a cartoon follows. (Since this just hit the […]

“You-Didn’t-Build-That” comment pictured in cartoons!!!

watch?v=llQUrko0Gqw] The federal government spends about 10% on roads and public goods but with the other money in the budget a lot of harm is done including excessive regulations on business. That makes Obama’s comment the other day look very silly. A Funny Look at Obama’s You-Didn’t-Build-That Comment July 28, 2012 by Dan Mitchell I made […]

Cartoons about Obama’s class warfare

I have written a lot about this in the past and sometimes you just have to sit back and laugh. Laughing at Obama’s Bumbling Class Warfare Agenda July 13, 2012 by Dan Mitchell We know that President Obama’s class-warfare agenda is bad economic policy. We know high tax rates undermine competitiveness. And we know tax increases […]

Cartoons on Obama’s budget math

Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel Uploaded by danmitchellcato on Feb 11, 2012 No description available. ______________ Dan Mitchell of the Cato Institute has shown before how excessive spending at the federal level has increased in recent years. A Humorous Look at Obama’s Screwy Budget Math May 31, 2012 by Dan Mitchell I’ve […]

Funny cartoon from Dan Mitchell’s blog on Greece

Sometimes it is so crazy that you just have to laugh a little. The European Mess, Captured by a Cartoon June 22, 2012 by Dan Mitchell The self-inflicted economic crisis in Europe has generated some good humor, as you can see from these cartoons by Michael Ramirez and Chuck Asay. But for pure laughter, I don’t […]

Obama on creating jobs!!!!(Funny Cartoon)

Another great cartoon on President Obama’s efforts to create jobs!!! A Simple Lesson about Job Creation for Barack Obama December 7, 2011 by Dan Mitchell Even though leftist economists such as Paul Krugman and Larry Summers have admitted that unemployment insurance benefits are a recipe for more joblessness, the White House is arguing that Congress should […]

Get people off of government support and get them in the private market place!!!!(great cartoon too)

Dan Mitchell hits the nail on the head and sometimes it gets so sad that you just have to laugh at it like Conan does. In order to correct this mess we got to get people off of government support and get them in the private market place!!!! Chuck Asay’s New Cartoon Nicely Captures Mentality […]

2 cartoons illustrate the fate of socialism from the Cato Institute

Cato Institute scholar Dan Mitchell is right about Greece and the fate of socialism: Two Pictures that Perfectly Capture the Rise and Fall of the Welfare State July 15, 2011 by Dan Mitchell In my speeches, especially when talking about the fiscal crisis in Europe (or the future fiscal crisis in America), I often warn that […]

Cartoon demonstrates that guns deter criminals

John Stossel report “Myth: Gun Control Reduces Crime Sheriff Tommy Robinson tried what he called “Robinson roulette” from 1980 to 1984 in Central Arkansas where he would put some of his men in some stores in the back room with guns and the number of robberies in stores sank. I got this from Dan Mitchell’s […]

Gun control posters from Dan Mitchell’s blog Part 2

I have put up lots of cartons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Amusing Gun Control Picture – Circa 1999 April 3, 2010 by Dan Mitchell Dug this gem out […]

We got to cut spending and stop raising the debt ceiling!!!

  We got to cut spending and stop raising the debt ceiling!!! When Governments Cut Spending Uploaded on Sep 28, 2011 Do governments ever cut spending? According to Dr. Stephen Davies, there are historical examples of government spending cuts in Canada, New Zealand, Sweden, and America. In these cases, despite popular belief, the government spending […]

Gun control posters from Dan Mitchell’s blog Part 1

I have put up lots of cartons and posters from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. On 2-6-13 the Arkansas Times Blogger “Sound Policy” suggested,  “All churches that wish to allow concealed […]

Taking on Ark Times bloggers on the issue of “gun control” (Part 3) “Did Hitler advocate gun control?”

Gun Free Zones???? Stalin and gun control On 1-31-13 ”Arkie” on the Arkansas Times Blog the following: “Remember that the biggest gun control advocate was Hitler and every other tyrant that every lived.” Except that under Hitler, Germany liberalized its gun control laws. __________ After reading the link  from Wikipedia that Arkie provided then I responded: […]

Taking on Ark Times bloggers on the issue of “gun control” (Part 2) “Did Hitler advocate gun control?”

On 1-31-13 I posted on the Arkansas Times Blog the following: I like the poster of the lady holding the rifle and next to her are these words: I am compensating for being smaller and weaker than more violent criminals. __________ Then I gave a link to this poster below: On 1-31-13 also I posted […]

Are the states of Illinois and California going to join Detroit in Bankruptcy one day?

Dan Mitchell Commenting on Detroit’s Bankruptcy

__________________________

Are the states of Illinois and California going to join Detroit in Bankruptcy one day?

 

One of the funniest cartoons I have see is one below about the states of Illinois, and California joining Detroit in bankruptcy some day.

In an interview last week about Detroit’s bankruptcy, I explained that the city got in trouble because of growing dependency and an ever-rising burden of government spending.

I also warned that the federal government faces the same challenge. Washington is in trouble mostly because of poorly designed entitlement programs rather than excessive compensation for a bloated bureaucracy, but the end result is the same. Or, to be more accurate, the end result will be the same in the absence of genuine entitlement reform.

As I said in the interview, fiscal crisis was “the most predictable crisis in the world for Detroit [and] it’s the most predictable crisis for America.”

The Washington Examiner has the same assessment. Here’s how they conclude a recent editorial.

More than anywhere else in America (with the possible exception of Chicago) Detroit has been a one-party union city. Democratic politicians backed by the United Auto Workers and public employees unions have ruled virtually as they pleased. Along the way, many of the politicians ended up in jail on corruption charges and the bureaucrats made out with sweetheart deals on pensions and health benefits. Those sweetheart deals now account for most of the $20 billion in debt that put the city into bankruptcy. There are too many disturbing parallels between Detroit and America. The national debt of $17 trillion gets a lot of attention, but the reality is the government’s actual debt, counting the unfunded liabilities of Social Security, Medicare and federal employee and retiree benefits, exceeds $86 trillion, according to former congressmen Chris Cox and Bill Archer. As they say, things that can’t go on forever, won’t.

I used to warn that America was on a path to becoming Greece, but maybe now I should use Detroit as an example.

Some of America’s best political cartoonists already are using this theme.

Here’s one from Glenn McCoy. Since I’m not overly optimist about either Illinoisor California, I also think it’s just a matter of time before this happens.

Detroit Cartoon 1

Keep in mind, however, that there was plenty of wasteful spending in both Illinois and California under Republican governors, so this is a bipartisan problem.

Speaking of California, here’s a good cartoon by Lisa Benson.

Detroit Cartoon 2

Amazingly, some people think California’s no longer in trouble because a retroactive tax hike collected more tax revenue. Yeah, good luck with that.

Next we have a cartoon by Rob Rogers of the Pittsburgh Post-Gazette.

Detroit Cartoon 3

And last but not least, Eric Allie weighs in with a cartoon comparing Texas and Detroit.

Detroit Cartoon 4

On a serious note, it would be interesting to see how Detroit looks compared to cities in Texas, such as Dallas and Houston.

But let’s end with something that’s really hilarious, albeit by accident rather than on purpose.

A few people want to enable Detroit’s profligacy. Here are some excerpts from a story in The Hill about union bosses wanting a federal-state bailout of Detroit.

Union leaders are calling on Congress and President Obama to provide a federal bailout to the city of Detroit. The executive council of the AFL-CIO, the nation’s largest labor federation, called for an “immediate infusion of federal assistance for Detroit” to be matched by Michigan, which they say has not done enough to keep the city from going through bankruptcy. …“It appears that Governor [Rick] Snyder and [Emergency Financial Manager] Kevyn Orr are pushing Detroit into bankruptcy to gut the modest benefits received by Detroit’s retired public service employees,” the AFL-CIO’s statement reads.

I suppose I could make some snarky comments, but I’ll close with two vaguely sympathetic responses.

First, there’s no way a bailout of Detroit goes through the House of Representatives. Heck, I don’t even think it could make it through the Senate. So some folks on the left would be justified if they asked why the high rollers on Wall Street supposedly deserved a bailout a few years ago but they don’t get one today.

The answer, of course, is discrimination by color. But I’m not talking black vs white. The color that matters in politics is green. The financial industry dispenses huge campaign contributions to both sides of the aisle, and thebailout was their payoff. Public employee unions, by contrast, give almost every penny of their money to Democrats, so there’s no incentive for GOPers to do the wrong thing.

Second, I have no idea whether retired bureaucrats in Detroit get “modest benefits.” I’m skeptical for very obvious reasons, but the real problem is that the city screwed up by having too many people riding in the wagon without paying attention to whether there were enough people producing in the private sector to pull the wagon.

Is that the fault of the garbage men, clerks, secretaries, and other municipal employees? That’s a hard question to answer. They obviously weren’t calling the shots, but they were happy to go along for the ride.

At some point, they should have paid attention to the message in this Chuck Asay cartoon.

P.S. For readers in New Jersey (and also New York City), I’ll be speaking this Wednesday, July 31, at the Friedman Day luncheon sponsored by Americans for Prosperity.

 

 

Related posts:

Washington better wake up and cut spending or the USA will end up bankrupt like Detroit!!!

Washington better wake up and cut spending or the USA will end up bankrupt like Detroit!!! Atlas Shrugs in Detroit July 25, 2013 by Dan Mitchell About two weeks ago, while making an important point about the Laffer Curve, here’s what I wrote about the fiscal disaster in Detroit. Detroit’s problems are the completely predictable result […]

Milton Friedman and the proper functions of government

Milton Friedman – The Proper Role of Government Uploaded on Oct 8, 2010 Professor Friedman lectures on the proper role of government in a free society Here are the proper functions of government according to Milton Friedman: Friedman states that the basic essential functions of government are to: (1) to defend the nation from coercion […]

Dan Mitchell shows how ignoring the Laffer Curve is like running a stop sign!!!!

Dan Mitchell shows how ignoring the Laffer Curve is like running a stop sign!!!! Can You Spell L-A-F-F-E-R C-U-R-V-E? July 12, 2013 by Dan Mitchell I’m thinking of inventing a game, sort of a fiscal version of Pin the Tail on the Donkey. Only the way it will work is that there will be a map of […]

The IRS has to make sure all of us abide by Obamacare but they want to be exempt from it!!!!

The IRS has to make sure all of us abide by Obamacare but they want to be exempt from it!!!!

There are lots of despicable people in Washington engaged in a lot of unsavory behavior, so it would be very difficult to get agreement if you asked regular people to select the most odious feature of the political class.

HypocrisyMany people would probably choose corruption as the defining characteristic of Washington, and it would be hard to argue with that choice, but I think hypocrisy is an even better choice.

There’s something fundamentally wrong when people push for policies while making sure they don’t have to abide by the results. Yet it happens all the time in government.

1. It galls me that the pro-tax bureaucrats at the OECD get tax-free salaries while pushing for higher taxes on everyone else.

2. Or how about rich left wingers who bleat about compassion but who are stingy with their own money.

3. And the wealthy leftists who use tax havens while trying to deny others from protecting their money.

4. There are members of the Washington elite who don’t have to live under the gun control laws they impose on others.

5. What about the politically connected business types who endorse higher taxes in exchange for favors from Washington.

6. Or the politicians who evade the taxes they impose on ordinary citizens.

7. How about Canadian politicians who support government-run healthcare but then come to America when they need treatment.

8. To close this list on a humorous note, we also have Occupy Wall Street protesters who fight “The Man” while wanting to make “The Man” more powerful.

But if you want a really powerful example of hypocrisy, nothing stands out more than politicians trying to exempt themselves from Obamacare.

Crocodile TearsThey’ve even been complaining that the law is so bad that they may quit their jobs. And they’re so disconnected from reality that they think we’ll be upset at the loss of their “seniority” and “experience” – as if taxpayers value their ability to squander money.

But it’s not just politicians who are being hypocritical. The bureaucrats at the IRS also don’t want to live under Obamacare – even though they’re the ones who will be forcing us to live under that misguided law!

Here are some excerpts from a report in the Washington Examiner.

IRS employees have a prominent role in Obamacare, but their union wants no part of the law. National Treasury Employees Union officials are urging members to write their congressional representatives in opposition to receiving coverage through President Obama’s health care law. …Like most other federal workers, IRS employees currently get their health insurance through the Federal Employees Health Benefits Program, which also covers members of Congress. House Ways and Means Committee Chairman Dave Camp offered the bill in response to reports of congressional negotiations that would exempt lawmakers and their staff from Obamacare. …Camp spokeswoman Allie Walker said. “If the Obamacare exchanges are good enough for the hardworking Americans and small businesses the law claims to help, then they should be good enough for the president, vice president, Congress and federal employees,” she also said.

To augment the remarks of Rep. Camp’s spokeswoman, it also would be good to somehow figure out a way to make the lobbyists and other Washington insiders participate in the Obamacare exchanges.

There aren’t many “sure things” in life, but one of them is that Obamacare would be repealed almost instantaneously if the bigwigs in Washington actually had to live under the law designed for peasants like you and me.

Unfortunately, that’s why Congressman Camp’s legislation will never get approved.

So let’s end this post with a bit of dark humor from Bob Gorrell.

Obamacare Cartoon July 2013 6

You can enjoy more Obamacare cartoons by clicking here, herehereherehere, and here.

P.S. For readers in New Jersey (and also New York City), I’ll be speaking this upcoming Wednesday, July 31, at the Friedman Day luncheon sponsored by Americans for Prosperity.

Related posts:

Obamacare will self-destruct!!! (Funny cartoons on Obamacare!!!)

Obamacare will self-destruct!!!! Question of the Week: Will Obamacare Collapse? July 14, 2013 by Dan Mitchell We have a very interesting question from a reader in Nebraska. Is Obamacare such a cluster-you-know-what that the law will self-destruct? Well, I’ve already explained why I’m optimistic about the possibility of turning Obamacare lemons into free-market lemonade. Simply stated, the law […]

 

Obamacare may be scarier than you think!!!!

Putting the government in charge of healthcare is pretty stupid!!! I have already pointed out how Obamacare will grow the size of government. Josef Stalin Would Have Admired the U.K.’s Government-Run Healthcare System June 29, 2013 by Dan Mitchell One of history’s worst butchers, Josef Stalin, is rumored to have said that, “The death of one man […]

 

Obamacare will grow government like nothing ever has in our country’s history!!!

If you to cut the size of government then you don’t add a program like Obamacare. It will grow government like nothing ever has in American history. The Obamacare Problem Isn’t Messaging, It’s Statism July 1, 2013 by Dan Mitchell The political elitists in Washington are worried that the American people are lukewarm – or even downright hostile – […]

 

Dying laughing at Obamacare

When our government is spending over a trillion dollars they don’t have and then they put in another big government program then watch out. Costs will go through the roof because the government will run Obamacare about as good as it runs the post office. Sometimes things get so sad that you just have to […]

 

‘Why Indiana Shouldn’t Fall for Obamacare’s Medicaid Expansion’

Expanding government is not right. Take a look at this article: APRIL 25, 2013 6:35PM ‘Why Indiana Shouldn’t Fall for Obamacare’s Medicaid Expansion’ By  MICHAEL F. CANNON SHARE My latest oped, in the Indy Star: Meanwhile, many [Medicaid] enrollees can’t even find a doctor. One-third of primary care physicians won’t take new Medicaid patients. Only 20 percent of […]

 

If Obamacare is so wonderful then why are so many people trying to get exemptions?

If Obamacare is so wonderful then why are so many people trying to get exemptions? The Heritage foundation ran a fine article on this too.  Should Politicians Be Allowed to Exempt Themselves and their Staff from Obamacare? April 25, 2013 by Dan Mitchell I get upset by a lot of what happens in the corridors of power, […]

 

Reason’s Peter Suderman highlights six reasons why states should refuse to implement any part of ObamaCare

Jacque Martin asks CATO Institute Michael Cannon about Obamacare Published on Mar 19, 2013 The CATO Institute’s Michael Cannon spoke at the Arkansas Conservative Caucus on Tuesday March 19th. Several conservatives were present. Cannon talked about how to defeat Obamacare in Arkansas & how the states can stop Obamacare on a national level. Jacque Martin […]

 

Dan Mitchell on Obamacare (includes cartoons on Obamacare)

Some very good points by Dan Mitchell of the Cato Institute on Obamacare: Why We Should Be Optimistic about Repealing Obamacare and Fixing the Healthcare System April 10, 2013 by Dan Mitchell I’m going to make an assertion that seems utterly absurd. The enactment of Obamacare may have been good news. Before sending a team of medical […]

 

Obama up to his Chicago style politics and tricks with Obamacare

Nic Horton Medicaid Expansion will “Cost Almost Double than Doing Nothing” part I It is amazing to me that Repubican lawmakers are considering taking President Obama’s advice on anything in light of this article below. March 25, 2013 4:26PM Here’s Your Free Health Care. Would You Care to Vote? By Michael F. Cannon Share Tweet […]

 

Will President Obama keep his word concerning Obamacare?

A Red-Ink Train Wreck: The Real Fiscal Cost of Government-Run Healthcare Uploaded on Nov 9, 2009 This CF&P Foundation video explains why healthcare proposals in Washington will result in bloated government and higher deficits. This mini-documentary exposes the pervasive inaccuracy of congressional forecasts and succinctly lists 12 reasons why Obamacare will be a budget buster. […]

 

We need deeper cuts than the Sequester!!! (Cartoons included)

What Can Washington Politicians Learn From America’s Moms?

Published on Apr 2, 2013

We asked folks what Washington politicians can learn from America’s moms

___________________
We need deeper cuts than the Sequester!!! Below are some very funny cartoons from Dan Mitchell’s blog on the Sequester.

Tetra Images Tetra Images/Newscom

Tetra Images Tetra Images/Newscom

In his speech yesterday, President Barack Obama referred to sequestration as a “meat cleaver” again, when news reports in fact show that the cuts have been much more targeted and much less devastating than he claims.

“Then, rather than reduce our deficits with a scalpel, by cutting out programs we don’t need, fixing ones that we do need that maybe are in need of a reform—making government more efficient—instead of doing that, we’ve got folks who have insisted on leaving in place a meat cleaver called the sequester that’s cost jobs,” President Obama said.

Before sequestration hit, the White House sounded multiple alarms, predicting widespread calamity and extreme consequences if it was allowed to take effect. However, only about one-fifth of those predictions have remotely come to pass, as reported by The Washington Post.

So what happened instead? Many agencies suddenly found millions of dollars to cut from less-critical programs. Congress helped, too, taking a hard look at unnecessary programs and helping agencies reduce expenses. Sequestration turned out to be not as scary, allowing flexibility between agencies to reach the desired amount of cuts.

“In the process, the ‘meat cleaver’ of sequestration often became a scalpel. It spared crucial programs but cut second-tier priorities such as maintenance, information technology, employee travel and scientific conferences,” says the Post.

That’s not to say there haven’t been some adverse effects. Sequestration disproportionally affects national defense, and military readiness has been hurt by decreases in training. But especially on the domestic side, the President’s warnings rang hollow.

Obama also claimed, “Almost every credible economist will tell you it’s been a huge drag on this recovery.” In fact, the economy has absorbed the cuts quite well. Moody’s says the U.S. economy “has demonstrated a degree of resilience to major reductions in the growth of government spending.”

Additionally, at about 2.5 percent of projected spending over the next decade, the cuts barely even make a dent in overall spending.

“Sequestration barely even slows the growth in spending, let alone cuts any spending out of the overall budget. Neither does sequestration rein in chronic deficits. Sequestration trims only 12 percent off cumulative deficits over the decade, while U.S. debt held by the public continues growing to economically damaging levels,” explains Heritage’s Romina Boccia.

President Obama’s 2013 tax hikes are nearly double the size of sequestration. The Federal Reserve Bank of San Francisco concludes that uncertainty over these tax hikes is among the largest factors in depressing job growth. Uncertainty over Obamacare and the Dodd–Frank financial regulation is also hampering growth. If the President wants to help the economy, he should start by taking a “meat cleaver” to his tax increases and regulations instead and work with Congress to resolve the looming spending and debt crisis.

Danny Huizinga is currently a member of the Young Leaders Program at The Heritage Foundation. For more information on interning at Heritage, please click here.

Here are some fine cartoons I got from Dan Mitchell’s blog:

et’s start with Michael Ramirez. You can see why he’s currently leading in the best-cartoonist poll.

Sequester Cartoon Ramirez 4

Nate Beeler also has a good contribution to the debate. The President is acting like the world is going to end because spending is going to be “slashed” by 1.2 percent, which means – gasp! – that spending will “only” grow by $2.4 trillion over the next 10 years.

Yet somehow Armageddon has not occurred.

Sequester Cartoon Beeler 4

Indeed, the worst possible outcome for Obama and the other statists is that people notice zero negative impact when spending is restrained.

This Steve Kelley cartoon is very appealing to me because it shows the President going after the sequester when the real problem is an excessive burden of government spending.

Sequester Cartoon Kelley 4

Last but not least, we have a very good Scott Stantis cartoon.

Sequester Cartoon Stantis 4

The Stantis cartoon is particularly insightful because the GOP has won the battle, but the war is not over.

This first cartoon, from Chip Bok, captures his sullen mood.

Cartoon Sequester 1

The second cartoon, by Jerry Holbert, has the same these, showing that the American people have learned to ignore Obama’s demagoguery.

Cartoon Sequester 2

 

Related posts:

Conan creates examples of wasteful government programs, but why make up examples?

Sometimes it is tragic that you got to laugh about it. Dear Conan, Reckless Government Spending Is Worse Than You Think Brandon Stewart August 10, 2011 at 7:31 pm Late-night comedian Conan O’Brien’s blog has a new post parodying Washington’s excessive spending. “Team Coco has found out why our government is so broke,” the blog explains, “They’ve […]

We want to be protected but is the government going too far?

We want to be protected but is the government going too far? Crime Fighting or Corporate Welfare? July 18, 2013 by Dan Mitchell I want government to successfully and rationally fight crime and stop terrorism. That’s a perfectly appropriate libertarian sentiment since protecting life, liberty, and property are among the few legitimate roles for government. But […]

John Stossel notes how good intentions lead to bad results when the government is involved

John Stossel notes how good intentions lead to bad results when the government is involved. Why do we keep on giving the government more money when they waste so much? We should be putting more time in staying out of the small businessperson’s way!!!! The Reverse Midas Touch of Government January 6, 2013 by Dan Mitchell […]

Milton Friedman: “Nothing is so permanent as a temporary government program”

______________________________________ Milton Friedman On Charlie Rose (Part One) The late Milton Friedman discusses economics and otherwise with Charlie Rose. _________________________________________ Milton Friedman: Life and ideas – Part 01 Milton Friedman: Life and ideas A brief biography of Milton Friedman _____________________________________ Stossel – “Free to Choose” (Milton Friedman) 1/6 6-10-10. pt.1 of 6. Stossel discusses Milton […]

President Obama and government spending (GSA Govt waste tip of iceberg)

I wish President Obama would try to cut spending instead of increasing spending and our debt. Two Very Good GSA Waste Cartoons April 21, 2012 by Dan Mitchell One of my first blog posts back in 2009 featured a column about the Social Security Administration squandering $750,000 on a “conference” at a fancy golf resort in […]

A suggestion to cut some wasteful spending out of the government Part 8 (includes editorial cartoon)

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

A suggestion to cut some wasteful spending out of the government Part 7 (includes editorial cartoon)

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

A suggestion to cut some wasteful spending out of the government Part 6 (includes editorial cartoon)

Funding Government by the Minute Published on Mar 28, 2012 At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy […]

A suggestion to cut some wasteful spending out of the government Part 5 (includes editorial cartoon)

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

A suggestion to cut some wasteful spending out of the government Part 4 (includes editorial cartoon)

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

A suggestion to cut some wasteful spending out of the government Part 3 (includes editorial cartoon)

What Can We Cut to Balance the Budget Published on Oct 16, 2012 Will Rogers has a great quote that I love. He noted, “Lord, the money we do spend on Government and it’s not one bit better than the government we got for one-third the money twenty years ago”(Paula McSpadden Love, The Will Rogers Book, (1972) […]

A suggestion to cut some wasteful spending out of the government Part 2 (includes editorial cartoon)

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

A suggestion to cut some wasteful spending out of the government Part 1 (includes editorial cartoon)

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

Lots of wasteful spending by federal government

I wish the federal government would go back to spending less than 5% of GDP like they did the first 150 years of our country’s history. We could cut down on a lot of wasteful spending if we did that. Morning Bell: The Governing Class and Us Mike Brownfield April 19, 2012 at 8:57 am […]

Sequester not so bad after all (includes cartoons)

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Sequester was not so bad after all. Since the Sequester Has Been in Place for More than One […]

Another funny sequester cartoon from Dan Mitchell’s blog

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. As Humorously Explained by Henry Payne, the World Amazingly Didn’t End When Uncle Sam Got Put on a […]

Sequester Cartoons from Dan Mitchell’s blog Part 4

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. These sequester cartoons from Dan Mitchell’s blog have been great but today he has about 4 cartoons that are […]

Sequester Cartoons from Dan Mitchell’s blog Part 3

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. These sequester cartoons from Dan Mitchell’s blog have been great but today he has about 1/2 cartoons that […]

Sequester Cartoons from Dan Mitchell’s blog Part 2

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. What a bunch of wimps we have on Capitol Hill. They can’t even cut 2% out of this […]

Sequester Cartoons from Dan Mitchell’s blog Part 1

I have put up lots of cartoons from Dan Mitchell’s blog before and they have got lots of hits before. Many of them have dealt with the economy, eternal unemployment benefits, socialism,  Greece,  welfare state or on gun control. Here is a couple of cartoons below I thought you would enjoy. Debunking Sequester Hysteria from the Big […]

 

Obama wants to expand government’s powers when the government is the cause of lots of our problems!!!

Obama wants to expand government’s powers when the government is the cause of lots of our problems!!!

I suggested last year that President Obama adopt “my work here is done” as a campaign slogan.

Admittedly, that was merely an excuse to share this rather amusing poster (and you can see the same hands-on-hips pose, by the way, in this clever Michael Ramirez cartoon).

But I want to make a serious point.

For those of us who want the prosperity and liberty made possible by smaller government and free markets, it would be ideal if the President actually did think his work was done. If that was the case, presumably he wouldn’t propose new schemes to expand the size and scope of the public sector.

Unfortunately, that’s not the case. Indeed, he bragged about providing handouts, subsidies, and bailouts for housing in his recent pivot-to-the-economy speech and he specifically stated “We’re not done yet.”

As I said in this interview on FBN, that phrase could replace “I’m from Washington and I’m here to help you” as the most frightening sentence in the English language.

_______

Obama’s phrase is particularly distressing since he wants more intervention in housing markets – yet it was misguided government intervention that caused the housing bubble and financial crisis in the first place!

Simply stated, you don’t solve the problems caused by the Fed’s easy-money policy with more government. And you don’t solve the problems caused by corrupt Fannie Mae-Freddie Mac subsidies with more government.

The right approach is to get government out of housing altogether. That means getting rid of the Department of Housing and Urban Development. It means privatizing Fannie Mae and Freddie Mac. It even means eliminating preferences for housing in the tax code as part of a shift to a simple and fair system like the flat tax.

Once we achieve all these goals, then we can say “we’re done”…and move on to our other objectives, like dealing with the damage caused by government in the health sector, the education sector, the financial markets sector, etc, etc…

P.S. Some people doubtlessly will complain that bad things will happen if the government no longer is involved in housing, but I think we’ll survive just fine without bureaucrats screwing over poor people and mandating “emotional support” animals in college dorms.

_______________

Last year, I shared a potential slogan for Obama’s re-election campaign (followed by a warning about the big challenge he would face if victorious).

Now we have a new Michael Ramirez cartoon that has a similar theme.

Super-Obama Cartoon

___________

Related posts:

Obama is condemned by his own words from 2008 by encouraging housing loans to unworthy credit borrowers

Obama is condemned by his own words from 2008 by encouraging housing loans to unworthy credit borrowers. Housing Finance Nominee: Expect Big Government Housing Policies Doomed to Fail John Ligon May 3, 2013 at 10:00 am Polaris/Newscom President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), […]

“Feedback Friday” Letter to White House generated form letter response June 18 2012 on green technologies (part 15)

I have been writing President Obama letters and have not received a personal response yet.  (He reads 10 letters a day personally and responds to each of them.) However, I did receive a form letter in the form of an email on June 18, 2012. I don’t know which letter of mine generated this response so I have […]

An open letter to President Obama (Part 25 of my response to State of Union Speech 1-24-12)

Sen. Paul Delivers State of the Union Response – Jan. 24, 2012 Uploaded by SenatorRandPaul on Jan 24, 2012 Sen. Rand Paul delivered the following Republican response to President Barack Obama’s State of the Union Address this evening   President Obama’s state of the union speech Jan 24, 2012 President Obama c/o The White House 1600 Pennsylvania […]

Open letter to President Obama (Part 370)

(This letter was emailed to White House on 12-20-12.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse […]

17 Reasons the large national debt is a big deal!!!

17 Reasons the large national debt is a big deal!!! We got to stop spending so much money and start paying off our national debt or the future of our children and grandchildren will be very sad indeed. Everyone knows that entitlement spending must be cut but it seems we are not brave enough to […]

Why does the Obama administration want to get people with bad credit loans? (includes editorial cartoon)

Why does the Obama administration want to get people with bad credit loans? Apparently Learning Nothing from the Fannie Mae-Freddie Mac Disaster, the Obama Administration Wants to Subsidize Banks to Make More Dodgy Loans April 3, 2013 by Dan Mitchell Let’s assume you didn’t understand how a garbage disposal worked and, for whatever reason, you decided […]

 

Obama cartoons on spending too much!!!

Why do we have to spend so much?

Let me start this post by stating that George W. Bush was a bigger spender than Barack Obama (though the numbers are somewhat distorted by TARP, which caused a big increase in the burden of spending during Bush’s last fiscal year and artificially dampened outlays in Obama’s first fiscal year since repayments from the banks counted as negative spending).

So I’m not trying to make a partisan point by sharing these cartoons. I don’t like it when Democrats increase the burden of government spending and I’m equally dismayed when Republicans engage in same type of profligacy.

That being said, I was a big dumbfounded when President Obama recently claimed that there’s not a spending problem in Washington.

We know that the United States has a huge long-run problem with deficits and debt according to both the Bank for International Settlements and the Organization for Economic Cooperation and Development.

We also know that tax revenues, measured as a share of GDP, will soon be above their post-World War II average and that the tax burden is expected to increase in coming decades.

So a person would have to be in serious denial to claim that spending isn’t a problem.

Which is the point Eric Allie makes in this cartoon.

Spending Problem Cartoon 1

And the point Robet Ariail makes in this cartoon.

Spending Problem Cartoon 2

Ditto for Bob Gorrell.

Spending Problem Cartoon 3

And Gary Varvel.

Spending Problem Cartoon 4

Last but not least, the great Michael Ramirez.

Spending Problem Cartoon 5.jpg

Gee, it’s almost like we’re seeing a pattern.

And if you like this spendaholic-in-denial theme, you can click here and here for further amusement.

P.S. Oh, by the way, if anybody’s actually interested in how to solve the spending problem (you know, the one that doesn’t exist), we do know the answer.

P.P.S. Remember when Obama claimed the private sector was doing fine? Well, here’s how cartoonists mocked him for that absurd comment.

_________

Does Stimulus Spending Work?

After the housing bubble burst, the Bush and Obama administrations turned to stimulus in an effort to “create jobs.” Does such spending lead to economic improvement? Prof. Antony Davies examines the data to see how increases in federal spending relate to economic growth from 1955 to the present. The evidence shows that there is no connection between federal spending and economic improvement; instead, stimulus money only increases government debt. After three years of stimulus spending, the unemployment rate remains at 9 percent. “One thing that has changed,” Davies says, “is that our government is now $4.6 trillion further in debt than it was before the stimulus efforts.”