by Dan Mitchell | Mar 22, 2019 | Big Government, Blogs, Government Spending
In the absence of genuine entitlement reform, the United States at some point is going to suffer from a debt crisis. But red ink is merely a symptom. I used numbers from Greece in this interview to underscore the fact that the real problem is government spending. The...
by Dan Mitchell | Mar 7, 2019 | Big Government, Blogs, Government Spending
The long-run fiscal outlook for most developed nations is very grim thanks to demographic change and poorly designed entitlement programs. For all intents and purposes, we’re all destined to become Greece according to long-run projections from the International...
by Dan Mitchell | Mar 1, 2019 | Big Government, Blogs, Economics, Government Spending
Back in January, I wrote about the $42 trillion price tag of Alexandria Ocasio-Cortez’s Green New Deal. To pay for this massive expansion in the burden of government spending, some advocates have embraced “Modern Monetary Theory,” which basically assumes the Federal...
by Dan Mitchell | Feb 25, 2019 | Big Government, Blogs, Economics, Government Spending
When I’m asked for a basic tutorial on fiscal policy, I normally share my four videos on the economics of government spending and my primer on fundamental tax reform. But this six-minute interview may be a quicker introduction to spending issues since I had the...
by Dan Mitchell | Jan 31, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released it’s annual Budget and Economic Outlook, and that means I’m going to do something that I first did in 2010 and most recently did last year. I’m going to show that it’s actually rather simple to balance the budget...
