by Dan Mitchell | Mar 8, 2016 | Big Government, Blogs, Economics, Europe, Government Spending, Welfare and Entitlements
The most depressing data about America’s economy is not the top tax rate, the regulatory burden, or the level of wasteful of government spending. Those numbers certainly are grim, but I think they’re not nearly as depressing as America’s demographic outlook. As you...
by Dan Mitchell | Oct 30, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
In my speeches, I routinely argue that an aging population is one of the reasons why we need genuine entitlement reform. A modest-sized welfare state may be feasible if a country has a “population pyramid,” I explain, but it’s a recipe for fiscal chaos when changing...
by Dan Mitchell | Aug 27, 2015 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Why are many developed nations facing long-run fiscal crisis according to long-run estimates from the IMF, BIS, and OECD? Poorly designed entitlement programs are a big part of the answer, with the United States being an unfortunate example of how fiscal systems...
by Dan Mitchell | May 8, 2014 | Big Government, Blogs, Government Spending
The Census Bureau just released a report on America’s aging population. The big takeaway is that our population will be getting much older between now and 2050. And since I’m a baby boomer, I very much like the fact that we’re expected to live longer. But as a public...
by Dan Mitchell | Feb 10, 2014 | Big Government, Blogs, Economics, Government Spending
Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very...
