David John Marotta was interviewed on radio 1070 WINA’s Schilling Show in March to discuss balancing the national budget, and whether raising taxes is a good method to increase revenue to match spending.
Daniel J. Mitchell of the CATO Institute wrestles with the lack of no historical data to support the Starve the Beast model, only to find out that it’s because politicians have never really given it a shot.
The only two ways to balance the federal budget are to spend less or to collect more. Spending less is the preferred method, but that is just not happening. As a result, politics is pushing many in Congress to try to balance the budget by raising taxes.
Despite a steady diet of bad news, most markets around the world climbed the proverbial “wall of worry” to log strong returns. Major market indices around the globe delivered double-digit total returns.