by Dan Mitchell | Feb 23, 2023 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Some American politicians, such as Joe Biden and Donald Trump, are very much opposed to dealing with Social Security, even though the current system has a massive $56 trillion cash-flow deficit. For all intents and purposes, both the current...
by Dan Mitchell | Feb 9, 2023 | Big Government, Blogs, Welfare and Entitlements
I wrote a two-part series (here and here) about Donald Trump supporting massive middle-class tax increases. Trump does not admit that is his policy, of course, but that is an unavoidable outcome since he opposes entitlement reform. In the interest of fairness and...
by Dan Mitchell | Feb 5, 2023 | Big Government, Blogs, Government Spending
Regular readers know that I generally don’t get overly agitated about government debt (I get far more upset about counterproductive spending, regardless of how it is financed). But even I recognize that there is a point where debt becomes...
by Dan Mitchell | Jan 21, 2023 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Copying some self-styled national conservatives, Donald Trump this week endorsed major tax increases on lower-income and middle-class Americans. But he embraced huge tax increases in an indirect fashion. He did not say “let’s adopt money-siphoning value-added taxes”...
by Dan Mitchell | Jan 19, 2023 | Big Government, Blogs, Government Spending
It is an understatement to declare that fiscal policy in France is terrible. The highest burden of government spending in Europe.The third-highest level of pension spending in the OECD.One of the biggest long-run fiscal...
