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Social Security’s $65.8 Trillion Problem

Social Security’s $65.8 Trillion Problem

by Dan Mitchell | Jun 19, 2025 | Big Government, Blogs, Economics, Welfare and Entitlements

The Social Security Administration has released the yearly forecast of the program’s long-run finances. Per tradition (see 2024, 2023, 2022, 2021, 2020, etc), that means it is time for my annual explanation of why we have a grim...
France and Fiscal Suicide: Part IV

France and Fiscal Suicide: Part IV

by Dan Mitchell | Jun 13, 2025 | Big Government, Blogs, Government Spending

France is a role model, but not in a good way. It is a stark example of the dangers of excessive government spending. To elaborate, it has the largest fiscal burden of any first-world nation, which necessitates an oppressive tax regime....
Solving the U.K. Budget Mess

Solving the U.K. Budget Mess

by Dan Mitchell | Jun 11, 2025 | Big Government, Blogs, Government Spending

One month ago, I explained that the United Kingdom was suffering economic and fiscal deterioration because of a rising burden of government spending. And when a greater share of economic output is diverted to the government, that means slower growth (even...
Mauritius Is an African Success Story…but Trending in the Wrong Direction

Mauritius Is an African Success Story…but Trending in the Wrong Direction

by Dan Mitchell | Jun 10, 2025 | Big Government, Blogs, Economics, Government Spending

A major theme of my daily columns is that economic freedom is a universal recipe for faster growth and better economic performance. But the flip side is that statist policies inevitably lead to less prosperity. And these statements are true...
The Healthcare Exclusion Is (Still) the Tax Code’s Most Harmful Loophole

The Healthcare Exclusion Is (Still) the Tax Code’s Most Harmful Loophole

by Dan Mitchell | Jun 4, 2025 | Blogs, Economics, Health Care, Taxation

I wrote back in 2016 that the health care exclusion was the worst loophole in America’s monstrosity of a tax code. Today’s column will explain why that is still true and we’ll begin with this short explainer video from the folks at Kite &...
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