by Dan Mitchell | Apr 30, 2024 | Big Government, Blogs, Government Spending
I wrote a two-part series (here and here) in 2022 predicting that Italy was at risk of suffering a fiscal crisis. If and when it occurs, it will be because investors decide that Italy’s government might default (i.e., be unable to make payments on its debt)....
by Dan Mitchell | Mar 27, 2024 | Big Government, Blogs, Economics, Government Spending
Last year, I filled out a do-it-yourself federal budget prepared by the Washington Post and another one put together by the Committee for a Responsible Federal Budget. In both cases, my main complaint was that they did not give enough...
by Dan Mitchell | Mar 21, 2024 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new Long-Term Budget Outlook and I will continue my annual tradition (see 2018, 2019, 2020, 2021, 2022, 2023) of sharing some very bad news about America’s fiscal future. Most...
by Dan Mitchell | Mar 20, 2024 | Big Government, Blogs, Economics, Government Spending
My book on fiscal policy, co-authored with Les Rubin, is now officially published. I wrote a sneak-peak column about The Greatest Ponzi Scheme on Earth last week. There are three main takeaways from our book. The problem is spending The problem is...
by Dan Mitchell | Mar 4, 2024 | Big Government, Blogs, Government Spending
I narrated a six-minute video in 2009 to explain why America’s fiscal problem is spending rather than red ink. Here’s the same message in just 51 seconds. If 51 seconds is too much, here’s a visual I created using the latest long-run forecast from the...
