After much congressional handwringing over what budget process reform to attach to a must-pass increase in the debt ceiling, support for the legislative proposal crafted by Senate Budget Committee leaders Kent Conrad (D-ND) and Judd Gregg (R-NH) has crumbled. It fell apart as many members recognized two political facts of …
New U.S. Commerce Department statistics on America’s economy highlight growth in the U.S. trade deficit of $3.2 billion dollars between October and November 2009. That’s good news for Americans. The statistics also show real GDP rising 2.2 percent in the third quarter of 2009, as well as growth in personal …
The Congressional Budget Office today released a report asserting that the stimulus succeeded in creating growth and jobs. If this seems completely detached from reality, it’s because CBO did not actually analyze the performance of the economy — including the rapid increase in the unemployment rate since the stimulus was …
Each day in Minnesota and all across the nation, billions of dollars worth of products begin their journey to be sold overseas. American farmers, manufacturers, and businesses rely on exports to strengthen and grow both their bottom line, as well as our economy’s. Free and fair trade agreements help spur …
The government is spending hundreds of billions of taxpayer dollars attempting to stimulate the economy, but it’s clear these spending programs are not achieving the results we need. Instead, the economy continues to shed jobs. Unemployment figures released last week show U.S. unemployment reaching a 26-year high of 9.8 percent. …
China announced economic results yesterday. The results are simultaneously good, bad, and completely unbelievable. The good: GDP growth was put at 9% in the third quarter of this year. This would please almost any country in the world at almost any time. For this particular third quarter, the U.S. would …
There is a lot of information about the national debt, but misconceptions cloud the debate. There are five common misconceptions about the national debt. This video explains them, as well as why they are not accurate guides to measure the debt. Heritage’s Brian Reidl also mentions the real threat to the National Debt – unfunded entitlement …
Chairman of the Joint Chiefs of Staff Admiral Michael Mullen is calling for the elimination of emergency supplemental spending used to finance the wars in Iraq and Afghanistan, and is instead pushing for the inclusion of war funding in the annual defense budget. In the DefenseNews.com article, “Mullen Wants Supplemental …
