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Milei Slashes Argentina’s Debt Burden

Milei Slashes Argentina’s Debt Burden

by Dan Mitchell | Jul 27, 2025 | Big Government, Blogs, Government Spending

The main goal of fiscal policy should be to shrink the burden of government spending, not to balance the budget or lower debt. However, those two goals are not in conflict if policy makers pursue good policy. The evidence is overwhelming that...
Debt Lessons from Greece

Debt Lessons from Greece

by Dan Mitchell | Jul 10, 2025 | Big Government, Blogs, Government Spending

For many years (2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019), Greece has been one of my go-to examples for bad government policy. But that’s changed this decade. I wrote earlier this...
Is the “One Big Beautiful Bill Act” Worth Supporting?

Is the “One Big Beautiful Bill Act” Worth Supporting?

by Dan Mitchell | Jul 2, 2025 | Big Government, Blogs, Government Spending

At the risk of stating the obvious, the so-called “One Big Beautiful Bill Act.” is grotesquely disappointing. This chart from the Committee for a Responsible Federal Budget tells you everything you need to know. We have a federal budget that is far too...
France and Fiscal Suicide: Part IV

France and Fiscal Suicide: Part IV

by Dan Mitchell | Jun 13, 2025 | Big Government, Blogs, Government Spending

France is a role model, but not in a good way. It is a stark example of the dangers of excessive government spending. To elaborate, it has the largest fiscal burden of any first-world nation, which necessitates an oppressive tax regime....
The Looming Trump/GOP Tax Hike

The Looming Trump/GOP Tax Hike

by Dan Mitchell | May 22, 2025 | Big Government, Blogs, Taxation, Welfare and Entitlements

Republicans are going to saddle the country with a massive tax increase, and I’m not referring to Trump’s huge protectionist tax increase on American consumers and producers. Instead, I’m referring to my long-held view that a failure to...
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