by Dan Mitchell | May 19, 2011 | Big Government, Blogs, Government Waste, Welfare and Entitlements
I wrote yesterday about the shocking case of a millionaire collecting food stamps. Today, I have an equally disgusting story of government waste. The Social Security program is actuarially bankrupt, with unfunded liabilities of several trillion dollars. Our topic...
by Dan Mitchell | May 18, 2011 | Big Government, Blogs, Government Waste, Welfare and Entitlements
Not that we needed any additional evidence that the government wastes money in truly spectacular fashion, but this story from the Detroit Free Press is especially disgusting and outrageous. A man who won $2 million on a Michigan lottery show has told a TV station that...
by Dan Mitchell | Apr 22, 2011 | Big Government, Blogs, Economics, Welfare and Entitlements
Under current law, Social Security is supposed to be an “earned benefit,” where taxes are akin to insurance premiums that finance retirement benefits for workers. And because there is a cap on retirement benefits, this means there also is a “wage-base cap” on the...
by Dan Mitchell | Apr 5, 2011 | Big Government, Blogs, Government Spending, Health Care, Welfare and Entitlements
The left already is wailing about the Medicare and Medicaid reforms in Congressman Paul Ryan’s budget. They don’t have any solutions of their own for these bankrupt programs, but they hope to scare voters in the short run and don’t seem to care about the nation in the...
by Dan Mitchell | Mar 10, 2011 | Big Government, Blogs, Welfare and Entitlements
People periodically ask me why I’m so down on David Cameron, the Prime Minster of the United Kingdom. I’ve already pointed out that his pre-election agenda was big government. And I’ve pointed out that his post-election record is more spending. (and you can read more...
