by Dan Mitchell | Jul 1, 2020 | Big Government, Blogs, Welfare and Entitlements
Before our depressing discussion today about the fiscal impact of entitlement programs (Social Security, Medicare, Medicaid, EITC, Food Stamps, welfare, and Obamacare, etc), here’s a video of how it all began. I think this is a great introduction to the issue,...
by Dan Mitchell | May 21, 2020 | Big Government, Blogs, Europe, Welfare and Entitlements
Despite the fact that Social Security is an ever-increasing fiscal burden with a 75-year cash-flow deficit of nearly $45 trillion, many politicians in Washington have been trying to buy votes with proposals to expand the program (Barack Obama, Hillary Clinton, Bernie...
by Dan Mitchell | Apr 24, 2020 | Blogs
When I put forth the “The Case for Social Security Personal Accounts” in early 2011, I pointed out that the program’s long-run fiscal shortfall was more than $27 trillion. We should be so lucky to have that problem today. The Social Security Administration just...
by Dan Mitchell | Mar 14, 2020 | Blogs, Health Care
Back in 2008, the soon-to-be Chief of Staff for President Obama infamously stated that, “You never want a serious crisis to go to waste.” Sure enough, the Obama Administration – elected in the aftermath of the financial crisis – quickly rammed through a so-called...
by Dan Mitchell | Feb 29, 2020 | Big Government, Blogs, Welfare and Entitlements
The race for the Democratic nomination is very depressing. All the candidates – even supposed moderates such as Biden and Buttigieg – are openly advocating a much bigger burden of government. I’m hoping some of their proposals are simply election-year pandering, that...
