by Dan Mitchell | Jul 30, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse...
by Dan Mitchell | May 9, 2020 | Big Government, Blogs, Government Spending
I’ve warned that the budgetary impact of the coronavirus may trigger another fiscal crisis in Europe. Especially Italy. But what about the United States? Will we reach a point, as Margaret Thatcher famously warned, of running out of other people’s money? We probably...
by Dan Mitchell | Mar 26, 2020 | Bailouts, Big Government, Blogs, Europe
I’m not an optimist about Europe’s economic future. Most nations have excessive welfare states and punitive taxes, which is hardly good news. You then have to consider demographic trends such as aging populations (i.e., more people relying on government) and falling...
by Dan Mitchell | Feb 1, 2020 | Big Government, Blogs
Is Greece the international version of New Jersey or is New Jersey the American version of Greece? Is New Jersey the national version of Chicago, or is Chicago the the local version of New Jersey? The answer is yes, regardless of how the question is phrased because –...
by Dan Mitchell | Jul 30, 2019 | Big Government, Blogs, Government Spending
I point out in this interview that the 2011 Budget Control Act (BCA) was the only big victory for taxpayers this century. It imposed spending caps on discretionary spending and led to a sequester in early 2013, which was Barack Obama’s biggest defeat. The bad news is...
