by Dan Mitchell | Apr 1, 2023 | Big Government, Blogs, Government Spending
The 2023 Social Security Trustees Report was released yesterday, and just like I did last year (and the year before, and the year before that, etc), let’s look at the fiscal status of the retirement program. There is a lot of data in...
by Dan Mitchell | Mar 29, 2023 | Big Government, Blogs, Economics, Government Spending
While speaking last week at the Acton Institute in Michigan, I responded to a question about the perpetual motion machine of Keynesian economics. For purposes of today’s column, let’s try to understand the Keynesian viewpoint. First and foremost, they think spending...
by Dan Mitchell | Mar 22, 2023 | Big Government, Blogs, Europe, Welfare and Entitlements
Leftists should be nice to rich people people because those entrepreneurs, investors, and business owners are the ones financing the federal government. However, there are too few rich people to finance a European-sized welfare state. The above video is...
by Dan Mitchell | Mar 21, 2023 | Blogs, Economics, Laffer Curve, Taxation
Back in 2010, I shared a comparison of Obama and JFK on tax policy. For an update, here’s a comparison of Biden’s class-warfare agenda with JFK’s supply-side agenda. I’m sharing this video for two reasons. The first reason is that it...
by Dan Mitchell | Mar 18, 2023 | Big Government, Blogs, Government Spending
Back in 2012, I wrote a column for the Wall Street Journal to highlight the success of Switzerland’s spending cap (also known as the “debt brake”). Swiss voters voted for this spending cap in 2001 and ever since it took effect in 2003,...
