by Dan Mitchell | Sep 6, 2020 | Blogs, Economics
What’s the best economic news of the past 40 years? Was it Reaganomics, which restored America’s economic vitality? Was it the collapse of the Soviet Empire, which freed many nations from communist tyranny and allowed at least some of them to successfully shift to...
by Dan Mitchell | Jul 1, 2020 | Big Government, Blogs, Welfare and Entitlements
Before our depressing discussion today about the fiscal impact of entitlement programs (Social Security, Medicare, Medicaid, EITC, Food Stamps, welfare, and Obamacare, etc), here’s a video of how it all began. I think this is a great introduction to the issue,...
by Dan Mitchell | May 21, 2020 | Big Government, Blogs, Europe, Welfare and Entitlements
Despite the fact that Social Security is an ever-increasing fiscal burden with a 75-year cash-flow deficit of nearly $45 trillion, many politicians in Washington have been trying to buy votes with proposals to expand the program (Barack Obama, Hillary Clinton, Bernie...
by Dan Mitchell | Apr 24, 2020 | Blogs
When I put forth the “The Case for Social Security Personal Accounts” in early 2011, I pointed out that the program’s long-run fiscal shortfall was more than $27 trillion. We should be so lucky to have that problem today. The Social Security Administration just...
by Dan Mitchell | Feb 29, 2020 | Big Government, Blogs, Welfare and Entitlements
The race for the Democratic nomination is very depressing. All the candidates – even supposed moderates such as Biden and Buttigieg – are openly advocating a much bigger burden of government. I’m hoping some of their proposals are simply election-year pandering, that...
