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Will Taxpayers Be Forced to Bail Out Union Pensions?

by Dan Mitchell | Apr 16, 2014 | Big Government, Blogs, Economics, Welfare and Entitlements

As a supporter of genuine capitalism, which means the right of contract and the absence of coercion, I don’t think there should be any policies that help or hinder unions. The government should simply be a neutral referee that enforces contracts and upholds the rule...

A Single Picture to Show that Many Nations Are Economically Doomed

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...

MyRAs Are the Wrong Way of Helping Ordinary People Save Money

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...

Government-Run Social Security Is Bad News for Blacks and other Minorities

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...
What America Can Learn from the Faroe Islands about Social Security Reform

What America Can Learn from the Faroe Islands about Social Security Reform

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...
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