by Dan Mitchell | Sep 12, 2011 | Big Government, Blogs, Welfare and Entitlements
Governor Rick Perry of Texas is being attacked by two rivals in the GOP presidential race. His sin, if you can believe it, is that he told the truth (as acknowledged by everyone from Paul Krugman to Milton Friedman) about Social Security being a Ponzi scheme. Here’s...
by Dan Mitchell | Sep 6, 2011 | Big Government, Blogs, Welfare and Entitlements
The editors at Bloomberg have decided that condemning younger workers to a more dismal future is the best way to deal with the Social Security program’s giant long-run shortfall. They want workers to pay higher taxes to prop up the bankrupt system. And, in exchange...
by Dan Mitchell | Jun 16, 2011 | Big Government, Blogs, Government Spending, Government Waste, Taxation, Welfare and Entitlements
Maybe I’m just old fashioned, or maybe I’m a bit stiff-necked, but I will never relent in my opposition to tax increases so long as the crowd in Washington is spending money on things that are not appropriate functions of the federal government. But that’s just one...
by Dan Mitchell | Jun 4, 2011 | Big Government, Blogs, Economics, Free Market, Welfare and Entitlements
The Economist magazine has a couple of good articles about Australia’s increasingly enviable economic status. Here’s a blurb from the first article, which outlines the pro-market reforms that enabled today’s prosperity. Only a dozen economies are bigger, and only six...
by Dan Mitchell | May 19, 2011 | Big Government, Blogs, Government Waste, Welfare and Entitlements
I wrote yesterday about the shocking case of a millionaire collecting food stamps. Today, I have an equally disgusting story of government waste. The Social Security program is actuarially bankrupt, with unfunded liabilities of several trillion dollars. Our topic...
