In Washington, there is one issue on everyone’s minds: the “fiscal cliff.” With time running out before a massive tax hike strikes on January 1, and wide-ranging budget cuts scheduled to hit at the same time, the economy is bracing for another storm. Today, five public policy organizations including The …
In a new video parodying Dr. Seuss’s whimsical style, the American Enterprise Institute puts the problem of growing entitlement program spending in a form elementary school kids can understand. It’s a good thing, too, because their generation will be burdened with paying for this skyrocketing spending if Congress and the …
Several key questions still remain to be asked of President Obama and Governor Mitt Romney during tonight’s debate. Among them: What would each of them do to reduce the growing burden of federal spending on American households? In 2012, the federal government spent $29,700 per American household. Of that amount, …
ECONOMY A Non-Recovery Recovery The August report shows that the labor market is continuing its non-recovery. Average job growth for 2012 is worse than average job growth in 2011. Fiscal policies from Washington have made the situation worse. While President Obama has promised to reduce regulations, which would help job …
Occupy Wall Street’s pathetic first birthday last week confirmed that the longstanding reports of the movement’s death have not, in fact, been exaggerated. So why are we keeping it alive by talking incessantly about income inequality instead of focusing on what really matters — opportunity and upward mobility? All this …
Francois Hollande won election to the French presidency by promising that more government spending would lead to quick economic growth. He sharply criticized the “austerity”—i.e., sudden spending cuts—proposed by his opponent. A few months later, Hollande has come full circle. In addition to a tax increase that has wealthy French …
Yesterday, the U.S. national debt passed $16 trillion. On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending. When he was running for President, Obama condemned George W. Bush for adding $4 trillion to …
