The Corner

Budget Chef Presents: How to Balance the Budget W/O Raising Taxes!

Channeling Julia Child’s cooking videos, Nick Gillespie of Reason TV puts out this really amusing piece on how to balance the budget without raising taxes.

I have to say that the menu is visually unappealing — as it always is in Child’s videos — but the message is clear: It’s easy to balance the budget.

In fact, it is easier than Gillespie makes it look. First, you don’t have to touch raw pork, which is always a plus. Second, between 2011 and 2020, the Congressional Budget Office estimates that total federal outlays will total a whopping $42.1 trillion (in 2010 dollars); so to bring outlays down to revenue, we need to cut $1.3 trillion in total expenditures over the next ten years. Third, it means that you don’t even have to cut spending, really: You just have to trim $130 billion each year from the growth in spending.

Full disclosure: I like this video in part because it is based on my piece with Gillespie on “How to Balance the Budget Without Raising Taxes.”

Veronique de Rugy — Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

Most Popular

White House

The Anti-Trump Effort Backfires

No one following the Russian-collusion and related dramas should be in any doubt about the steady flow of the balance of damaging evidence away from Trump and on to his accusers. It is clear that the hierarchy of the FBI and analogues in the Justice Department and intelligence services, horrified at the thought ... Read More
Science & Tech

The Real Deal With the Tech Giants

A bit of dialogue from the old television series Person of Interest, where a reclusive billionaire programmer and a former CIA agent use a giant supercomputer to predict crimes and save people: FINCH: Hester's living off the grid. No photos online and nothing on the social networking sites. REESE: I've never ... Read More

Viva l’Italia?

Italy has just had elections, with very interesting results. I wanted to talk with Alberto Mingardi, which I have. He is one of the leading classical liberals in Italy -- the director general of the Bruno Leoni Institute, in Milan. (Mingardi himself is Milanese.) He is also an authority in arts and letters. In ... Read More

Putin and the Cult of Leadership

On Sunday, Russian dictator Vladimir Putin won an unsurprising reelection-campaign victory against Communist Party candidate Pavel Grudinin, by a margin of 76.7 percent to 11.8 percent. The results were unsurprising because Putin is a tyrant who murders or imprisons political rivals, and who isn’t afraid to use ... Read More

Trump and Brexit Derangement Syndrome

I am not one of those Brexiteers who believe that Brexit and Trumpism are essentially the same phenomenon in two different countries. To be sure, they both draw on some of the same political trends, notably a distrust of elites and an upsurge of popular anger over evident failures of public policy such as illegal ... Read More

Stand Up to Putin

President Putin’s landslide victory in Russia’s presidential election was achieved against the lackluster competition of a group of mediocre candidates from which the sole serious opponent had been excluded; amid plausible allegations that his security services had tried to poison two Russians in England by ... Read More

Nordic Welfare States Worsen the Gender Gap

Following International Women's Day 2018, a host of policies have been promoted as ways to advance women's careers. CNBC, for example, has run a story arguing that policies such as parental leave for both parents can raise women’s incomes. In the Huffington Post we can read that adopting the welfare policies of ... Read More