by Dan Mitchell | Jan 6, 2012 | Big Government, Blogs, Government Spending, Welfare and Entitlements
As I explained in this set of videos, we desperately need to reform entitlement programs. But not in the wrong way, with price fixing and means testing. Good reform means personal retirement accounts for Social Security. It means vouchers for Medicare. And it...
by Dan Mitchell | Dec 23, 2011 | Big Government, Blogs, Government Spending, Government Waste, Welfare and Entitlements
I’ve commented many times about wasteful government spending, including Social Security bureaucrats spending $700 thousand to party at a luxury resort, HUD bureaucrats giving huge subsidies for welfare recipients to live in upscale neighborhoods, rampant fraud in the...
by Dan Mitchell | Dec 9, 2011 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
By European standards, Germany is in pretty good shape. There’s a very large welfare state and the tax burden is quite onerous, both of which hinder growth, but Germany has been more responsible than the United States in recent years. And while this may be damning...
by Dan Mitchell | Dec 4, 2011 | Blogs, Uncategorized
More than two years ago, I explained in a TV interview that the looters and moochers should be careful that they don’t kill the geese that lay the golden eggs. After all, parasites need a healthy host. The collapse of Europe’s welfare states should be a wake-up call...
by Dan Mitchell | Nov 28, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Most people have a vague understanding that America has a huge long-run fiscal problem. They’re right, though they probably don’t realize the seriousness of that looming crisis. Here’s what you need to know: America’s fiscal crisis is actually a spending crisis, and...
