The Corner

Obama Argues that Ramping Up Spending Can Shrink the Deficit

Most liberals mock the supply-side idea that, in certain cases, tax cuts can actually increase revenue by spurring economic growth. So what to make of the Democrats’ sudden embrace of the inverse of that argument? At Brookings today, the president argued:

There are those who claim we have to choose between paying down our deficits on the one hand, and investing in job creation and economic growth on the other. But this is a false choice. Ensuring that economic growth and job creation are strong and sustained is critical to ensuring that we are increasing revenues and decreasing spending on things like unemployment so that our deficits will start coming down.

The economic literature supporting the link between tax cuts and growth is fairly solid. The link between government spending and growth is not nearly as well-established, relying more on Keynesian theories than actual evidence. In fact, there is quite a bit of evidence that the opposite is true: Reducing the size of the government’s footprint in the economy would be conducive to growth.

Most Popular

Trump vs. Biden: A Rundown

One week out, the contrasts are worth assessing. Foreign policy Biden so far has issued no substantive critique of Trump’s foreign policy other than banalities that Trump’s comportment and unpredictability have offended allies and tarnished America’s reputation. But who exactly, according to Biden, is ... Read More

Trump vs. Biden: A Rundown

One week out, the contrasts are worth assessing. Foreign policy Biden so far has issued no substantive critique of Trump’s foreign policy other than banalities that Trump’s comportment and unpredictability have offended allies and tarnished America’s reputation. But who exactly, according to Biden, is ... Read More

The Pollster Who Thinks Trump Is Ahead

The polling aggregator on the website RealClearPolitics shows the margin in polls led by Joe Biden in a blue font and the ones led by Donald Trump in red. For a while, the battleground states have tended to be uniformly blue, except for polls conducted by the Trafalgar Group. If you are a firm believer only in ... Read More

The Pollster Who Thinks Trump Is Ahead

The polling aggregator on the website RealClearPolitics shows the margin in polls led by Joe Biden in a blue font and the ones led by Donald Trump in red. For a while, the battleground states have tended to be uniformly blue, except for polls conducted by the Trafalgar Group. If you are a firm believer only in ... Read More
Law & the Courts

The Kavanaugh Court

If Justice Barrett votes as her mentor Justice Scalia did, she will be part of an ascendant conservative majority on the Supreme Court. What kinds of decisions can we expect from this majority? Short answer: Ask Brett Kavanaugh. Contrary to how journalists frame each seat change on the Court, comparing the new ... Read More
Law & the Courts

The Kavanaugh Court

If Justice Barrett votes as her mentor Justice Scalia did, she will be part of an ascendant conservative majority on the Supreme Court. What kinds of decisions can we expect from this majority? Short answer: Ask Brett Kavanaugh. Contrary to how journalists frame each seat change on the Court, comparing the new ... Read More
Law & the Courts

Some Counterfactual Thinking

Election Day is one week away. Can you believe it? On the menu today: contemplating what would be different, and what would be the same, if Ruth Bader Ginsburg had retired in 2013 instead of staying on the Court until her death earlier this year; a couple of flubbed words on the campaign trail; yes, people really ... Read More
Law & the Courts

Some Counterfactual Thinking

Election Day is one week away. Can you believe it? On the menu today: contemplating what would be different, and what would be the same, if Ruth Bader Ginsburg had retired in 2013 instead of staying on the Court until her death earlier this year; a couple of flubbed words on the campaign trail; yes, people really ... Read More
Law & the Courts

Whose Seat?

Amy Coney Barrett is confirmed. And I think there are two little things to say about it. The first is that we very likely have in Barrett the true successor to Antonin Scalia on the Court. Barrett clerked for Scalia and her articulation of his philosophy is probably the most faithful on the court. Justices ... Read More
Law & the Courts

Whose Seat?

Amy Coney Barrett is confirmed. And I think there are two little things to say about it. The first is that we very likely have in Barrett the true successor to Antonin Scalia on the Court. Barrett clerked for Scalia and her articulation of his philosophy is probably the most faithful on the court. Justices ... Read More