by Dan Mitchell | May 24, 2024 | Big Government, Blogs, Welfare and Entitlements
Earlier this month, I wrote about Social Security’s huge fiscal problems, followed the next week by a column correcting some myths about the program that were disseminated by the Washington Post. Today, let’s cross the Atlantic Ocean because...
by Dan Mitchell | May 13, 2024 | Big Government, Blogs, Welfare and Entitlements
When the Social Security Administration released its annual Trustees’ Report last week, I crunched the numbers to show that the fiscal burden of the program is projected to dramatically increase. Payroll taxes are going to climb rapidly, but spending will...
by Dan Mitchell | May 7, 2024 | Big Government, Blogs, Welfare and Entitlements
The Social Security Administration has released the yearly forecast of the program’s long-run finances. Jut like I did in 2023, 2022, 2021, 2020, etc, it’s time to see what to expect in the future. Based on the annual fiscal data in Table...
by Dan Mitchell | Apr 3, 2024 | Blogs, Economics, Free Market
In 2021, I shared a cartoon strip about a worker blaming capitalism after losing his job following an increase in the minimum wage. One month ago, I shared a meme with a similar message. It showed the European Central Bank investigating supposedly...
by Dan Mitchell | Mar 29, 2024 | Big Government, Blogs, Government Spending
Given what I recently wrote about America’s long-fun fiscal outlook, it is easy to understand why I expressed pessimism as part of a conversation with David McIntosh of the Club for Growth. The presidential candidates are a big reason for my dour outlook. Joe...
