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  • Generation Y: A Taste of What Is To Come for Generation Debt

    You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the impression that everyone stepped away from that fateful edge. However, if you are under the age of 35, that rushing sound you hear … More

    The Obama Tax Plan: Undercutting Economic Growth

    The President and his advocates in Congress argue that raising taxes on all taxpayers would damage the economy but that raising taxes on only “high-income” households is supposedly not economically destructive. This line of reasoning is simply mistaken. (House Speaker John Boehner (R–OH), perhaps still cognizant of the economic ramifications … More

    It's Not Getting Better: GDP Grows at a Sluggish 1.7 Percent Rate

    This morning’s update from the Department of Commerce on economic activity in the second quarter shows that the economy grew at an anemic 1.7 percent annual rate. This follows a nearly equally weak first quarter growth rate of 2.0 percent. How weak is this? In terms of economic output, the … More

    Yes, Federal Workers Are Overpaid

    The Government Accountability Office’s (GAO) report last week on federal and private-sector compensation showed that four recent studies agree: Federal compensation is higher than the private sector’s. Unlike the recent CBO paper on the same topic, the GAO did not crunch its own numbers or come to any firm conclusions. … More

    Is Obama Turning the Economy Around?

    President Obama took to the national stage today and again repeated his claims that administration policies are producing a robust economic recovery. However, public opinion polls and recent election results underscore a very different perception: working Americans see an economy still deeply depressed in key sectors and much slower everywhere … More

    What's Going on Inside the CBO's Recent Income Distribution Analysis?

    On October 25, the Congressional Budget Office (CBO) published an analysis of changes in the distribution of household income between 1979 and 2007. CBO argues that the 62 percent gain in average household income over this 28-year period mostly went to households in the top 20 percent of the income … More

    An Open Letter to Paul Krugman

    Over the past two weeks, you have relentlessly engaged in dishonest, deceptive and factually incorrect critiques of Heritage’s recent analysis of the Ryan budget plan, and they need to be addressed. With all of the work good people of every political stripe need to be doing in Washington today, the … More

    Dear Government Unions: We’re Not Making This Up

    We were a little taken aback the other day when Joe Davidson’s “Federal Diary” column in The Washington Post quoted a top White House appointee and two union leaders attacking our research findings that federal workers get paid more than private sector counterparts as “lies,” “misinformation” and — oh my … More

    First Principles of Economic Policy

    There simply is no way to avoid thinking and, perhaps, even starting the analysis of economic policy except from a set of principles.  Whether it be labor, investment, trade, or a host of other pieces of our national economic policy; analysts only will be able to understand policy change if … More

    Angry Voters Are Right: Growing Debt Can Slow the Economy

    Political candidates apparently can choose no better campaign issue this year than excessive government spending and the exploding debt it’s producing.  In one campaign after another, voters high and low on the economic ladder respond in the same way when challengers berate incumbents for reckless debt accumulation: raucous, fist-pumping applause … More