by Dan Mitchell | Mar 21, 2024 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new Long-Term Budget Outlook and I will continue my annual tradition (see 2018, 2019, 2020, 2021, 2022, 2023) of sharing some very bad news about America’s fiscal future. Most...
by Dan Mitchell | Mar 20, 2024 | Big Government, Blogs, Economics, Government Spending
My book on fiscal policy, co-authored with Les Rubin, is now officially published. I wrote a sneak-peak column about The Greatest Ponzi Scheme on Earth last week. There are three main takeaways from our book. The problem is spending The problem is...
by Dan Mitchell | Mar 19, 2024 | Big Government, Blogs, Government Spending
I’ve often explained that the most important variable in fiscal policy is the the growth of government, More specifically, good fiscal policy occurs when the burden of government spending over time grows slower than the private sector. As you can see from this chart...
by Dan Mitchell | Mar 18, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
If I want to education someone about the harmful impact of America’s counterproductive welfare state, there are several items I like to share. A complex and crowded flowchart of various Washington programs to redistribute money. A chart...
by Dan Mitchell | Mar 16, 2024 | Big Government, Blogs, Government Spending
Last year, the Committee for a Responsible Federal Budget (CRFB) released an online budget game called “Fix the National Debt.” I would have preferred a game called “Reduce the Size of the Federal Government,” since that would have put the focus on the real...
