by Dan Mitchell | Feb 10, 2014 | Big Government, Blogs, Economics, Government Spending
Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very...
by Dan Mitchell | Feb 2, 2014 | Big Government, Blogs, Welfare and Entitlements
As part of his State-of-the-Union speech, President Obama announced he was going to unilaterally create a new retirement savings account that supposedly would be available to all workers. Employers would be mandated to facilitate these”MyRA” accounts, and the money...
by Dan Mitchell | Jan 4, 2014 | Big Government, Blogs
America desperately needs genuine entitlement reform to avoid a Greek-style fiscal future. The biggest problems are the health entitlements such as Medicare, Medicaid, and Obamacare, but Social Security also has a huge long-run fiscal shortfall. That’s why I’m a big...
by Dan Mitchell | Nov 2, 2013 | Big Government, Blogs, Economics, Welfare and Entitlements
I’m currently in the Faroe Islands, a relatively unknown and semi-autonomous part of Denmark located in the North Atlantic. Sort of like Greenland, but too small to appear on most maps. I’m in this chilly archipelago for a speech to the annual meeting of the Faroese...
by Dan Mitchell | Sep 8, 2013 | Blogs, Economics
Most Western nations have huge long-run fiscal problems because of unfavorable demographics and misguided entitlement programs. That’s the bad news. The good news is that dozens of nations have fully or partially shifted to mandatory private savings as a pro-growth...
