by Dan Mitchell | Mar 31, 2017 | Big Government, Blogs, Taxation
I sometimes feel like a broken record about entitlement programs. How many times, after all, can I point out that America is on a path to become a decrepit European-style welfare state because of a combination of demographic changes and poorly designed entitlement...
by Dan Mitchell | Mar 21, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I’ve looked at some of the grim fiscal implications of demographic changes the United States and Europe. Now let’s look at what’s happening in Asia. The International Monetary Fund has a recent study that looks at shortfalls in government-run pension schemes and...
by Dan Mitchell | Mar 13, 2017 | Blogs, Economics, Taxation
We have passed the 50th full day of the Trump Presidency. In that span of time, we’ve had lots of political wrangling between Trump and the media. We’ve been introduced to the concept of the “Deep State” (yes, there is a permanent bureaucracy that acts to protect its...
by Dan Mitchell | Mar 6, 2017 | Big Government, Blogs, Welfare and Entitlements
The tax-and-transfer welfare state is in deep trouble. I explained last year that the United States faces a very serious long-run challenge. Many of our entitlement programs were created based on the assumption that we would always have an expanding population, as...
by Dan Mitchell | Mar 5, 2017 | Big Government, Blogs, Taxation, VAT
When I warn about the fiscal and economic consequences of America’s poorly designed entitlement programs (as well as the impact of demographic changes), I regularly suggest that the United States is on a path to become Greece. Because of Greece’s horrible economy,...
