by Dan Mitchell | May 3, 2011 | Big Government, Blogs, Welfare and Entitlements
I was excited when I saw that Professor Martin Feldstein of Harvard University had a column in yesterday’s Wall Street Journal entitled, “Private Accounts Can Save Social Security.” This is great, I thought, another person advocating the kind of pro-growth,...
by Dan Mitchell | Mar 10, 2011 | Big Government, Blogs, Welfare and Entitlements
People periodically ask me why I’m so down on David Cameron, the Prime Minster of the United Kingdom. I’ve already pointed out that his pre-election agenda was big government. And I’ve pointed out that his post-election record is more spending. (and you can read more...
by Dan Mitchell | Mar 4, 2011 | Big Government, Blogs, Welfare and Entitlements
Yesterday was the 129th anniversary of Charles Ponzi’s birthday. Normal people don’t celebrate the birth of con artists, but a tediously left-wing columnist at the Washington Post, Eugene Robinson, must be a big admirer of Charles Ponzi, because he seems very happy...
by Dan Mitchell | Jan 10, 2011 | Big Government, Blogs, Economics, Government Spending
There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely caused by demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager...
by Dan Mitchell | Sep 14, 2010 | Big Government, Blogs, Welfare and Entitlements
I am pleasantly shocked to see that a healthy majority of respondents favor partial privatization of Social Security. I knew support was reasonably strong several years ago, but I feared that the financial crisis would have made Americans more leery of financial...
