by Dan Mitchell | Mar 28, 2018 | Big Government, Blogs, Welfare and Entitlements
Given Social Security’s enormous long-run financial problems, the program eventually will need reform. But what should be done? Some folks on the left, such as Barack Obama and Hillary Clinton, support huge tax increases to prop up the program. Such an approach would...
by Dan Mitchell | Dec 8, 2017 | Big Government, Blogs, Welfare and Entitlements
I wrote yesterday about “the world’s demographic problem,” citing a new study about the fiscal implications of aging populations. The report was produced by the Organization for Economic Cooperation and Development, which is not my favorite international...
by Dan Mitchell | Dec 7, 2017 | Big Government, Blogs, Welfare and Entitlements
I gave a speech last night at the University of Texas Arlington on the topic of “Is America turning into Greece? How the growth of government and debt risk creating a dismal future for young Americans.” Not a very succinct title, I realize, but I wanted to warn...
by Dan Mitchell | Oct 6, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Imagine that we’re in a parallel universe and that you’re the lookout on the Titanic. But in this make-believe world, you have all sorts of fancy radar that allows you to detect icebergs with lots of advance notice. Furthermore, imagine that you detect danger and give...
by Dan Mitchell | Sep 22, 2017 | Big Government, Blogs, Welfare and Entitlements
The world’s best welfare state arguably is Finland. Yes, the burden of government spending is enormous and the tax system is stifling, but the nation gets extremely high scores for rule of law and human liberty. Moreover, it is one of the world’s most laissez-faire...
