by Dan Mitchell | Aug 7, 2018 | Big Government, Blogs, Welfare and Entitlements
The United States has a bankrupt Social Security system. According to the most recent Trustees Report, the cash-flow deficit is approaching $44 trillion. And that’s after adjusting for inflation. Even by DC standards of profligacy, that’s a big number. Yet all that...
by Dan Mitchell | Jul 15, 2018 | Big Government, Blogs, Welfare and Entitlements
If you did man-on-the-street interviews across America and asked people about Social Security, I suspect most of them would have some degree of understanding about the program’s looming fiscal crisis. Since they’re not policy wonks, they presumably wouldn’t know the...
by Dan Mitchell | Jun 6, 2018 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Writing a column every day can sometimes be a challenge, in part because of logistics (I have to travel a lot, which can make things complicated), but also because I want to make sure I’m sharing interesting and relevant information. My task, however, is very easy on...
by Dan Mitchell | May 15, 2018 | Big Government, Blogs, Government Spending, Taxation
I had mixed feeling when I spoke yesterday in Bratislava, Slovakia, as part of the 2018 Free Market Road Show. Last decade, Slovakia was a reform superstar, shaking off the vestiges of communism with a plethora of very attractive policies – including a flat...
by Dan Mitchell | Mar 28, 2018 | Big Government, Blogs, Welfare and Entitlements
Given Social Security’s enormous long-run financial problems, the program eventually will need reform. But what should be done? Some folks on the left, such as Barack Obama and Hillary Clinton, support huge tax increases to prop up the program. Such an approach would...
