by Dan Mitchell | Sep 23, 2023 | Big Government, Blogs, Welfare and Entitlements
Many nations face a slow-motion fiscal crisis because of demographics. To be more specific, politicians last century created welfare states and social-insurance systems that take money from workers in order to provide pensions and health care to old...
by Robert O'Quinn | Sep 8, 2023 | CF&P Foundation Prosperitas Studies, Publications
[PDF Version] Federal Spending Primer, Part III: The Spending Problem is an Entitlement Problem By Robert P. O’Quinn* Part I of this series explained that there are different types of spending while Part II noted that the overall burden of federal spending...
by Dan Mitchell | Mar 17, 2023 | Big Government, Blogs, Welfare and Entitlements
I wrote last week about President Macron’s very modest effort to slow down the growth of the welfare state and started with a chart showing that France has the highest overall burden of government spending in the developed world. The good news (relatively speaking) is...
by Dan Mitchell | Feb 23, 2023 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Some American politicians, such as Joe Biden and Donald Trump, are very much opposed to dealing with Social Security, even though the current system has a massive $56 trillion cash-flow deficit. For all intents and purposes, both the current...
by Dan Mitchell | Feb 7, 2023 | Big Government, Blogs, Welfare and Entitlements
Today we are going to look at proposals to expand the burden of Social Security payroll taxes, and let’s start by recycling this 2008 video. All of the analysis in the video is still accurate, but two of the numbers need to be updated. Social Security’s long-run...
