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    Paul Krugman: Selective Data Usage

    Paul Krugman, in the words of a former New York Times public editor, “has the disturbing habit of shaping, slicing and selectively citing numbers.” Most recently, he selectively cited numbers about austerity in Europe, hoping to redefine the policies that made the German economy so buoyant. Germany is worth paying … More

    U.S. Trade Deficit: Made in Washington, D.C.?

    The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S. government debt. Japan owns another $1.186 trillion. It is no surprise that China and Japan are also the two countries with which the United States … More

    Obama Agriculture Cuts Nearly Three Times More Than House and Senate Bills

    The “farm bill” affects all Americans, not just farmers. After all, everyone eats and wants affordable food to feed their families. Yet as is typical, the House and Senate generally ignore the needs of consumers who buy food and the taxpayers who pay the subsidies that are transferred to wealthy … More

    CBO Report's Facts Speak Louder Than Obama's Spending and Debt Crisis Denial

    The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt crisis is only getting worse. U.S. public debt doubled since before the recession and stands at a 50-year high today. The American public has not … More

    Americans Don’t Need More of Obama’s Stimulus Spending

    In a series of campaign-style speeches, President Obama has laid out recycled economic proposals, which include yet another tax increase to pay for $50 billion in new infrastructure stimulus spending. This after Washington already spent $70.6 billion under the American Recovery and Reinvestment Act in 2009. The trouble is that … More

    Greece: Austerity Doesn’t Involve Public-Sector Layoffs

    Slate’s Matthew Yglesias might be attacked as an “austerity denier” now that he has joined Heritage’s Salim Furth in pointing out that there is a lot of policy diversity under the broad label of “austerity.” Yglesias explained last week why a small but sudden layoff of government employees might bring … More

    Cut Government Spending to Help the Economy? Majority Say Yes

    A recent Rasmussen poll (subscription required) found that 65 percent of likely voters want the government to cut spending to help alleviate the country’s economic woes. Four years after the official end of the recession in June 2009, the economy is growing sluggishly. As The Wall Street Journal reports today, … More

    Obamacare 2023: 31 Million Uninsured, $1.8 Trillion in Taxpayer Dollars Spent

    A poll released last week by InsuranceQuotes reveals that 64 percent of the uninsured are uncertain whether they will purchase insurance coverage once Obamacare takes full effect next year. This is not surprising, as Obamacare is projected to leave more people uninsured than it actually helps gain coverage. According to … More

    This Week’s Reasons to Repeal Obamacare

    It has been over three years since Obamacare became law. This week, the House voted again to completely repeal it. There are plenty of reasons to repeal Obamacare, especially before its most egregious provisions begin next year, and just this week a few more were added to the list: Small … More

    Ryan House Budget Would End Spending on High-Speed Rail

    Federal funding for high-speed rail would end under the House fiscal year 2014 budget introduced by Budget Committee chairman Paul Ryan (R–WI). Costly high-speed rail and other intercity rail projects are not federal priorities, especially in this era of trillion-dollar budget deficits. They should not be exempt from budget cuts. … More