by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending
More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...
by Dan Mitchell | Jun 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Earlier this week, the Congressional Budget Office issued a new 10-year fiscal forecast showing spending, revenues, and red ink between 2025 and 2034. As these examples show, almost all of the resulting headlines focused on deficits and...
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...
