by Dan Mitchell | Jul 30, 2022 | Big Government, Blogs, Government Spending, Taxation
Yesterday’s column analyzed some depressing data in the new long-run fiscal forecast from the Congressional Budget Office. Simply stated, if we leave fiscal policy on auto-pilot, government spending is going to consume an ever-larger share of America’s...
by Dan Mitchell | Jul 29, 2022 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new long-run fiscal forecast. Like I did last year (and the year before, and the year before, etc), let’s look at some very worrisome data. We’ll start with projections over the next three...
by Dan Mitchell | May 18, 2022 | Big Government, Blogs, Government Spending, Taxation
When I first started writing this daily column, the Congressional Budget Office was infamous for dodgy economics. In the short run, CBO believed in the very simplistic Keynesian notion that a bigger burden of government spending somehow...
by Dan Mitchell | Jul 3, 2021 | Big Government, Blogs, Government Spending
I’m not optimist about America’s fiscal future. Thanks primarily to entitlement programs, the long-run outlook shows an ever-increasing burden of government spending. And rather than hit the brakes, Biden wants to step on the gas with new giveaways,...
by Dan Mitchell | Mar 23, 2021 | Big Government, Blogs
I’ve been warning that the United States should not copy Europe’s fiscal policy, largely because living standards are significantly lower in nations with large welfare states. That’s true if you look at average levels of consumption in...
