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Social Security’s Ever-Closer Fiscal Crisis

Social Security’s Ever-Closer Fiscal Crisis

by Dan Mitchell | Jun 3, 2022 | Big Government, Blogs, Government Spending, Welfare and Entitlements

As part of my recent appearance on The Square Circle (we discussed Uvalde police, gun control, and Ukraine), I said that the new Social Security numbers were the under-reported story of the week. For more details, I was referring to the latest Trustees Report,...
Everything You Need to Know about the National Debt

Everything You Need to Know about the National Debt

by Dan Mitchell | Feb 3, 2022 | Big Government, Blogs, Government Spending, Welfare and Entitlements

The title of this column is an exaggeration. What we’re really going to do today is explain the main things you need to know about government debt. We’ll start with this video from Kite and Key Media, which correctly observes...
Hopes and Fears for 2022

Hopes and Fears for 2022

by Dan Mitchell | Jan 1, 2022 | Big Government, Blogs, Government Spending, Taxation

It’s an annual tradition (2021, 2020, 2019, 2018, etc) to list a handful of things that I hope might happen in the upcoming year, as well as the things I fear may happen. Sadly, since I understand the economics of “public choice” (something...
Demography + Entitlements = Fiscal Crisis

Demography + Entitlements = Fiscal Crisis

by Dan Mitchell | Nov 2, 2021 | Big Government, Blogs, Welfare and Entitlements

It’s impossible to predict when another pandemic will strike. But there’s one future crisis that we already know about, and I recently spoke about that issue to the Liberty International World Conference in Medellin. At first, I wasn’t planning to share this...
Social Security’s Ever-Closer Fiscal Crisis

The Real (and Growing) Problem with Social Security

by Dan Mitchell | Sep 1, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements

In an ideal world, Americans would have personal retirement accounts, just like workers in Australia, Sweden, Chile, Hong Kong, Israel, Switzerland, and a few dozen other nations. But we’re not in that ideal world. We are forced...
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