by Dan Mitchell | Mar 4, 2024 | Big Government, Blogs, Government Spending
I narrated a six-minute video in 2009 to explain why America’s fiscal problem is spending rather than red ink. Here’s the same message in just 51 seconds. If 51 seconds is too much, here’s a visual I created using the latest long-run forecast from the...
by Dan Mitchell | Feb 28, 2024 | Big Government, Blogs, Government Spending, Taxation, Uncategorized
As clearly shown by the Congressional Budget Office, America’s long-run fiscal challenge is an ever-growing burden of federal spending. Particularly entitlement programs. Moreover, because the tax burden is projected to gradually increase...
by Dan Mitchell | Feb 22, 2024 | Big Government, Blogs, Government Spending
I was very optimistic about the United Kingdom less than five years ago. The Conservative Party had just won a landslide election and that presumably would lead to an acceptable form of Brexit, followed by some form of Singapore-on-Thames. Well, the...
by Dan Mitchell | Feb 20, 2024 | Big Government, Blogs, Government Spending
The world’s most sensible political leader is President Javier Milei of Argentina. But that doesn’t mean he will succeed in rescuing his nation’s Peronism-warped economy. Especially since left-leaning parties control the legislature. But he’s...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
