by Dan Mitchell | May 22, 2023 | Big Government, Blogs, Government Spending
Regarding the debt ceiling, the hysterical headlines about default and an economic apocalypse are silly because the Treasury Department surely will “prioritize” if Republicans and Democrats don’t reach an agreement. The above clip was taken from an interview last week...
by Dan Mitchell | May 20, 2023 | Big Government, Blogs, Government Spending
The Swiss Debt Brake and Colorado’s TABOR work because they limit spending. Balanced budget requirements, by contrast, have a weak track record. My point in the above discussion with the Soul of Enterprise is mostly based on economics. Our fiscal...
by Dan Mitchell | Apr 21, 2023 | Big Government, Blogs, Economics, Government Spending
I rarely write about the national debt for the simple reason that it is far more important to focus on the burden of government spending. After all, improper spending saps economic vitality, regardless of whether it is financed...
by Dan Mitchell | Apr 4, 2023 | Big Government, Blogs, Europe
Why did many European nations, most notably Greece, suffer fiscal crises about a dozen years ago? Because the burden of government spending, which already was excessive, increased even further. And with taxes already very onerous in...
by Dan Mitchell | Apr 1, 2023 | Big Government, Blogs, Government Spending
The 2023 Social Security Trustees Report was released yesterday, and just like I did last year (and the year before, and the year before that, etc), let’s look at the fiscal status of the retirement program. There is a lot of data in...
