For most of a century, macroeconomists have debated the pros and cons of government “stimulus” policies. Because there is no way to determine how the economy would have performed without a stimulus, the debate comes down to dueling economic models, assumptions, and theories. With Nobel Prize-winning economists lining up on …
The recent debt limit increase passed by Congress has sparked a national debate on how to adequately reverse out-of-control federal spending. After much congressional hand-wringing recently over what budget process reform to attach to the must-pass increase in the debt ceiling, support for a bipartisan commission crafted by Senate Budget …
President Obama says he wants to reduce America’s record trillion-dollar deficits. Too bad he hasn’t even correctly diagnosed their cause. During his State of the Union Address, the president asserted: “At the beginning of the last decade, America had a budget surplus of over $200 billion. By the time I …
According to a recent story by the McClatchy newswire, Hispanics are frustrated with President Obama now that it is becoming increasingly clear that his campaign promises were nothing more than empty rhetoric. Although the article focuses on Hispanics’ disappointment in the lack of a comprehensive immigration bill to emerge from …
Tomorrow is the one-year anniversary of the American Recovery and Reinvestment Act, or as it is more accurately described, President Barack Obama’s Failed Stimulus. When President Obama signed the now $862 billion deficit-spending bill into law, the unemployment rate stood at 7.6% and the U.S. economy employed 133.5 million people. …
While the nation suffers an unemployment rate of nearly 10 percent, Barack Obama spent last week talking about job creation with “civil rights” leaders — despite the fact that President Obama’s last job creation ideas haven’t even been properly analyzed, let alone proven to work. The New York Times reports …
Despite efforts by Senator Baucus (D-MT) and Senator Grassley (R-IA) to draft a broad and bi-partisan federal legislation as part of another round of federal “stimulus” Senator Reid (D-NV) has now derailed the endeavor. After eliminating most of the tax cuts in the bi-partisan effort put forward by Senators Baucus …
The Associated Press reported yesterday that “There’s a problem with the bipartisan jobs bill emerging in the Senate: It won’t create many jobs.” Given the President’s track record, that shouldn’t be a surprise. One feature of the President’s jobs bill is a tax cut for businesses that hire unemployed workers. …
