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Biden’s Deficit Malarkey

Biden’s Deficit Malarkey

by Dan Mitchell | Jul 15, 2022 | Big Government, Blogs, Government Spending

Back in May, I pointed out that it is absurd for Joe Biden to claim credit for lower deficits. This Reason video elaborates, noting that red ink is (temporarily) falling solely because the orgy of pandemic spending is ending. Serious budget people, regardless of their...
Which Nation Will Be the Next to Go Bankrupt?

Which Nation Will Be the Next to Go Bankrupt?

by Dan Mitchell | Jul 13, 2022 | Big Government, Blogs, Government Spending, Welfare and Entitlements

Last month, I shared a chart from a study published by the European Central Bank. It showed which European nations were in the unfortunate position of facing big future spending increases (the vertical axis) combined with already-high levels...
Europe’s Soon-to-Implode Welfare States

Europe’s Soon-to-Implode Welfare States

by Dan Mitchell | Jun 29, 2022 | Big Government, Blogs, Welfare and Entitlements

What’s the most depressing chart in the world? If you believe in limited government and you’re looking back in time, this example or this example are good candidates. But if we’re looking into the future, this chart from a new study by...
The Optimum Level of Government Spending

The Optimum Level of Government Spending

by Dan Mitchell | Jun 14, 2022 | Big Government, Blogs, Government Spending

Echoing remarks earlier this month to a group in Nigeria, I spoke today about fiscal economics to the 2022 Africa Liberty Camp in Entebbe, Uganda. During the Q&A session, I was asked to specify the ideal amount of government spending....
Social Security’s Ever-Closer Fiscal Crisis

Social Security’s Ever-Closer Fiscal Crisis

by Dan Mitchell | Jun 3, 2022 | Big Government, Blogs, Government Spending, Welfare and Entitlements

As part of my recent appearance on The Square Circle (we discussed Uvalde police, gun control, and Ukraine), I said that the new Social Security numbers were the under-reported story of the week. For more details, I was referring to the latest Trustees Report,...
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