What’s the Real Reason for Kenya’s Deadly Tax Riots

by Dan Mitchell | Jun 27, 2024 | Big Government, Blogs, Government Spending, Taxation

I wrote earlier this year about Kenya’s fiscal policy and I made two points. Kenya is in trouble because the burden of government spending has exploded over the past twenty-plus years. Tax increases in Kenya are backfiring because people are changing their...

The OECD’s Tax-and-Spend Agenda for the United States

by Dan Mitchell | Jun 26, 2024 | Big Government, Blogs, Taxation

The Organization for Economic Cooperation and Development is a Paris-based international bureaucracy that originally was created to engage in benign activities such as gathering statistics about member nations. It still does some of that, but it also has...

The Looming Fiscal Crisis

by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending

More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...

New CBO Data Confirms America’s Fiscal Problem Is Excessive Spending

by Dan Mitchell | Jun 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements

Earlier this week, the Congressional Budget Office issued a new 10-year fiscal forecast showing spending, revenues, and red ink between 2025 and 2034. As these examples show, almost all of the resulting headlines focused on deficits and...

The IMF’s Destructive Advice for Germany

by Dan Mitchell | Jun 3, 2024 | Big Government, Blogs, Taxation

I wrote last November that Germany is in a period of fiscal decay. Over the past eight-plus years, the burden of government spending has grown far too fast, violating the Golden Rule of fiscal policy. As a result, the share of the economy...