by Dan Mitchell | Oct 12, 2024 | Blogs, Health Care
When I first started writing this column, it was during Obama’s first year and the big controversy was his plan for more government control over health care. I focused mostly on the adverse fiscal implications, but also warned that Obamacare would...
by Dan Mitchell | Oct 11, 2024 | Big Government, Blogs, Europe
There are three important things to understand about Western Europe. The burden of government is larger than it is in the United States. Lower-income and middle-class taxpayers finance that extra spending. Europe’s greater fiscal burden is associated with less...
by Dan Mitchell | Oct 9, 2024 | Blogs, Economics, Supply Side, Taxation
Some folks on the left say the Laffer Curve is a fantasy concocted by economic charlatans. Some folks on the right say the Laffer Curve is real and that all tax cuts are self-financing. Both are wrong. When I talk to folks on the left, I tell them...
by Dan Mitchell | Oct 8, 2024 | Big Government, Blogs, Government Spending
If you want to understand Washington’s fiscal profligacy, this chart based on OMB data shows what has happened to the federal budget over the past 15 years. There are two big things to understand. We had some very admirable spending restraint...
by Dan Mitchell | Oct 7, 2024 | Big Government, Blogs, Europe
About two weeks ago, I shared a new study that warned about potential fiscal crises in developed nations. The study specifically warned about “sustainable debt limits” in the United States, Italy, France, the United Kingdom, and Canada. Using a...
