by Dan Mitchell | Feb 20, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation, Welfare and Entitlements
One of my presentations at CPAC addressed America’s long-term entitlement crisis. I was part of a panel organized by the National Taxpayers Union, and I discussed how to solve the long-run fiscal problems caused by Social Security, Medicare, and Medicaid. The lighting...
by Dan Mitchell | Jan 10, 2011 | Big Government, Blogs, Economics, Government Spending
There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely caused by demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager...
by Dan Mitchell | Oct 23, 2010 | Big Government, Blogs, Welfare and Entitlements
I’m just making up the 1.94 percent number, but the International Herald Tribune reported last year that unfunded liabilities in France are nearly 550 percent of GDP. The news reports don’t include any estimates of what Sarkozy’s reform will mean, but I would be...
by Dan Mitchell | Oct 9, 2010 | Big Government, Blogs, Economics, Government Spending
The Economist has a fascinating webpage that allows you to look at all the world’s nations and compare them based on various measures of government debt (and for various years). The most economically relevant measure is public debt as a share of GDP, and you can see...
by CF&P | May 10, 2010 | News, Press Releases
Center for Freedom and Prosperity Foundation For Immediate Release Monday, May 10, 2010 202-285-0244 www.freedomandprosperity.org New CF&P “Economics 101” Video Discusses Deficits, Debt and Unfunded Liabilities (Washington, D.C., Monday, May 10, 2010)...
