by Dan Mitchell | Sep 25, 2019 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Social Security is projected to consume an ever-larger share of America’s national income, mostly thanks to an aging population. Indeed, demographic change is why the program is bankrupt, with an inflation-adjusted cash-flow deficit of more than $42 trillion. Yet...
by Dan Mitchell | Sep 22, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation
The International Monetary Fund is infamous for its advocacy of higher taxes. Heck, it’s not merely advocacy. The international bureaucracy uses bailout money as a tool to coerce politicians into approving higher tax burdens. This is so reprehensible that I’ve...
by Dan Mitchell | Aug 22, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office (CBO) just released its new 10-year forecast. Unsurprisingly, it shows that Trump’s reckless spending policy is accelerating America’s descent to Greek-style fiscal profligacy. Most people are focusing on the estimates of additional red...
by Dan Mitchell | Aug 12, 2019 | Big Government, Blogs, Government Spending
Spending caps are the most effective way of fulfilling my Golden Rule for fiscal policy. And we have good evidence for this approach, as I explain in this FreedomWorks discussion. I also discuss tax competition in the interview, as well as other topics. You can watch...
by Dan Mitchell | Jul 31, 2019 | Big Government, Blogs, Government Spending
The invaluable John Stossel has an entertaining and informative video that estimates how many handouts are being promised by Joe Biden, Pete Buttigieg, Kamala Harris, Bernie Sanders, Donald Trump, and Elizabeth Warren. Wow, how depressing. When I wrote about about the...
