by Dan Mitchell | Feb 4, 2025 | Big Government, Blogs, Government Spending
When thinking about fiscal policy, most Americans think the country’s biggest problem is rising levels of government debt. So this chart, based on the Congressional Budget Office’s most-recent 30-year forecast, is what worries them most. I have a...
by Dan Mitchell | Jan 15, 2025 | Big Government, Blogs, Government Spending
My recent book explains that we are stumbling our way to a fiscal crisis. If there’s any hope of avoiding a disaster, it will probably happen when and if good members of Congress (a vanishing breed) refuse to allow an increase in the debt...
by Dan Mitchell | Jan 4, 2025 | Big Government, Blogs, Government Spending
Donald Trump played Santa Claus in his first term, with both tax cuts and big spending increases. Unsurprisingly, he wants to play Santa Claus in his second term as well. But he faces a couple of big challenges. First, as I wrote about two...
by Dan Mitchell | Jan 3, 2025 | Big Government, Blogs, Government Spending
The goal of fiscal policy should be limited government and that means complying with the Golden Rule of spending restraint. When countries control the disease of excessive spending, that also seems to be the only effective way of reducing...
by Dan Mitchell | Dec 22, 2024 | Big Government, Blogs, Government Spending
Yesterday’s column looked at which states had the biggest unfunded liabilities for bureaucrat pensions, with Illinois, Connecticut, New Jersey, and Kentucky being the worst of the worst. Today, courtesy of the good work of Geoffrey Lawrence, Jordan Campbell...
