In a recent Heritage in Focus, Heritage expert James Sherk discusses the recent unemployment report. Listen to the full podcast, here. The recent jobs report released was extraordinary. For the first time in its history, the Bureau of Labor Statistics (BLS) found that the average length of unemployment was nearly …
According to a new analysis from USA Today, American households are now on the hook for $534,000 to pay for the county’s debt and the unfunded obligations, or excess costs, for programs like Social Security and Medicare. USA Today reveals the eye-popping numbers for the federal government’s mounting fiscal problems. …
The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll spend – to revive the economy, never works. The latest installment of Keynesian failure is the payroll …
As Speaker John Boehner (R-OH) pushes the debt ceiling debate back another month, Americans remain skeptical about how such legislation can really help solve the current financial crisis. And while much ado has been made regarding the vote, it is really beside the main point of our economic distress. When …
It’s a fact that runaway spending, not lack of revenue, is the cause of long-term federal deficits. Still, some continue to push for higher taxes to solve the problem. A favorite tool of would-be revenue raisers is to eliminate “tax expenditures”—revenue the federal government “forgoes,” they say, due to tax …
Well, President Obama asked for it. And last night he got it in grand fashion—a “clean vote” on raising the nation’s debt limit, free of any of the desperately needed spending cuts that Americans are demanding, conservatives support, but liberals abhor. And by a 318–97 margin, the House of Representatives …
