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Washington’s Fiscal Ponzi Scheme

Washington’s Fiscal Ponzi Scheme

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...
America’s Top Fiscal Problem Is…?

America’s Top Fiscal 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...
Spending Restraint Is the Simple Answer to America’s Fiscal Woes

Spending Restraint Is the Simple Answer to America’s Fiscal Woes

by Dan Mitchell | Feb 8, 2024 | Big Government, Blogs, Government Spending

Way back in 2010, and then over and over again in subsequent years, I have showed that it is very simple to balance the budget. All that is necessary is some reasonable spending restraint, sort of like what happened during...
Part II: Another European Fiscal Crisis?

Part II: Another European Fiscal Crisis?

by Dan Mitchell | Dec 7, 2023 | Big Government, Blogs, Europe, Government Spending

Back in April, I warned that European governments were spending too much, sewing the seeds of another fiscal crisis (aided and abetted by the European Commission). Let’s expand on that issue today, focusing specifically on the eurozone (the European nations that use...
Knowingly Flunking Budget Math

Knowingly Flunking Budget Math

by Dan Mitchell | Dec 5, 2023 | Big Government, Blogs, Government Spending

The United States is in fiscal trouble because of over-spending by Washington. And the problem will get worse in the future because of poorly designed entitlement programs. But it also will get worse because Washington is filled with politicians...
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