by Dan Mitchell | Jul 30, 2015 | Big Government, Blogs, Economics, Government Spending
Not all birthdays are a cause for untrammeled joy. Most of us baby boomers, for instance, don’t like being reminded that we’re getting older. And for folks who follow fiscal policy, the fact that Medicare is now 50 years old is hardly a cause for celebration.That’s...
by Dan Mitchell | Jul 6, 2015 | Blogs, Economics
I’ve written over and over again that the federal government’s so-called War on Poverty has been a disaster. It’s been bad news for taxpayers, of course, but it’s also been bad news for poor people since they get trapped in dependency. So what’s the alternative? Well,...
by Dan Mitchell | Jul 4, 2015 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
Based on a new report from the Congressional Budget Office, I wrote two weeks ago about America’s dismal long-run fiscal outlook. Simply stated, we face a Greek-style fiscal future because of changing demographics and poorly designed entitlement programs. But I was...
by Dan Mitchell | Jun 20, 2015 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Last September, I wrote about some very disturbing 10-year projections that showed a rising burden of government spending. Those numbers were rather depressing, but a recently released long-term forecast from the Congressional Budget Office make the 10-year numbers...
by Dan Mitchell | May 21, 2015 | Big Government, Blogs, Economics, Government Spending, Taxation, Welfare and Entitlements
The American Enterprise Institute has published a comprehensive budgetary plan entitled, “Tax and spending reform for fiscal stability and economic growth.” Authored by Joseph Antos, Andrew G. Biggs, Alex Brill, and Alan D. Viard, all of whom I know and admire, this...
