Greg Mankiw points out that while Barack Obama’s budget promises to increase the national debt by more than $9 trillion over the next ten years, even that figure relies on rosy growth projections that overstate tax revenues. I’ll refer you to Mankiw for the specific numbers. On the avera...

Just like President Obama’s income threshold for those who would see tax increases under his administration’s plans – which went down, down, down, by the day – the promised number of jobs that will be “saved or created” by the President’s economic stimulus bill has ...