by Dan Mitchell | Jan 11, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Thanks to decades of reckless spending by European welfare states, the newspapers are filled with headlines about debt, default, contagion, and bankruptcy. We know that Greece and Ireland already have received direct bailouts, and other European welfare states are...
by Dan Mitchell | Jan 10, 2011 | Big Government, Blogs, Economics, Government Spending
There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely caused by demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager...
by Dan Mitchell | Jan 7, 2011 | Big Government, Blogs, Government Spending, Health Care, Taxation
Grousing about the GOP’s timidity in the battle against big government will probably become an ongoing theme over the next few months, and let’s start with two items that don’t bode well for fiscal discipline. First, it appears that Republicans didn’t really mean it...
by Dan Mitchell | Jan 6, 2011 | Big Government, Blogs
Republicans have been spouting lots of good rhetoric, but what really matters is shrinking the burden of government. One very attractive option is federalism. There are things that perhaps should be done by government, but there is absolutely no reason why they...
by Dan Mitchell | Jan 6, 2011 | Big Government, Blogs
House Republicans will read the Constitution today, out loud, on the floor of the House of Representatives. I’m guessing this is how some politicians will react. More accurately, this is how they would react if the Supreme Court actually upheld the Founding Fathers’...
