by Dan Mitchell | Jul 18, 2017 | Big Government, Blogs
Since it is the single-largest government program, not only in the United States but also the entire world, it’s remarkable that Social Security isn’t getting much attention from fiscal policy wonks. Sure, Obamacare is a more newsworthy issue because of the...
by Dan Mitchell | Jun 16, 2017 | Big Government, Blogs, Welfare and Entitlements
There’s a lot to admire about Switzerland, particularly compared to its profligate neighbors. It has a spending cap, imposed in a landslide referendum early last decade, that has constrained the growth of government. It has a genuinely decentralized system with a very...
by Dan Mitchell | May 10, 2017 | Blogs, Economics
I’ve repeatedly argued that there are two Social Security crises. The one most people know about is the fiscal crisis. Simply stated, the program is bankrupt. But you don’t have to believe me. Here are some excerpts from a CNBC column. The Social Security...
by Dan Mitchell | Mar 31, 2017 | Big Government, Blogs, Taxation
I sometimes feel like a broken record about entitlement programs. How many times, after all, can I point out that America is on a path to become a decrepit European-style welfare state because of a combination of demographic changes and poorly designed entitlement...
by Dan Mitchell | Mar 21, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I’ve looked at some of the grim fiscal implications of demographic changes the United States and Europe. Now let’s look at what’s happening in Asia. The International Monetary Fund has a recent study that looks at shortfalls in government-run pension schemes and...
