People Can Also Change The Timing Of

What I'm Not Saying Is That All Government Spending Is Bad. It's Not - Far, Far From It, But There Is No Free Lunch, As A Former Colleague Of Mine Used To Say. There Is No Public Tooth Fairy. Father Christmas Does Not Work On The Treasury Staff This Year. You Can Never Bail Someone Out Of Trouble Without Putting Someone Else Into Trouble.

There Are Several States That Move From Karl Marx-like Policies To Adam Smith-like Policies And Back Again In A Weekend. So For The States With Huge Volatility In Their Income Tax Policies Over Time, The Differences In Growth Rates In Those Periods Are Really Amazingly Consistent With Tax Rates Really Mattering.

It Has Always Amazed Me How Tax Cuts Don't Work Until They Take Effect. Mr. Obama's Experience With Deferred Tax Rate Increases Will Be The Reverse. The Economy Will Collapse In 2011.

People Can Also Change The Timing Of When They Earn And Receive Their Income In Response To Government Policies.

It Is Not True That Congress Spends Money Like A Drunken Sailor. Drunken Sailors Spend Their Own Money. Congress Spends Our Money.