by Dan Mitchell | May 9, 2018 | Big Government, Blogs, Welfare and Entitlements
According to research from the Bank for International Settlements, the long-term fiscal outlook for the United Kingdom is very grim. The data generated by the International Monetary Fund and the Organization for Economic Cooperation and Development isn’t quite as...
by Dan Mitchell | Apr 25, 2018 | Big Government, Blogs, Economics, Government Spending, Welfare and Entitlements
I’m conflicted. I’ve repeatedly expressed skepticism about the idea of governments providing a “basic income” because I fear the work ethic will (further) erode if people automatically receive a substantial chunk of money. Moreover, I also fear that a basic income...
by Dan Mitchell | Apr 8, 2018 | Big Government, Blogs, Economics, Welfare and Entitlements
There is a lot of good news about the job market in America. The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest its been since the end of the Clinton years. Even more impressive, the number of people getting...
by Dan Mitchell | Mar 6, 2018 | Big Government, Blogs, Government Spending
Writing about federal spending last week, I shared five charts illustrating how the process works and what’s causing America’s fiscal problems. Most important, I showed that the ever-increasing burden of federal spending is almost entirely the result of domestic...
by Dan Mitchell | Dec 12, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Back in 2014, I shared a report that looked at the growth of redistribution spending in developed nations. That bad news in the story was that the welfare state was expanding at a rapid pace in the United States. The good news is that the overall fiscal burden of...
