The budget shortfalls, plunging revenue, and economic woes plaguing near-broke California could foretell the future of other cash-strapped states. A new study by The Pew Center on the States found that the economic pressures that pushed California to the brink of a total economic meltdown are also found in nine …
With the recession officially beginning in December 2007, some speculated the economic downturn would result in increased crime, especially property crime. Yet, the Department of Justice’s just-released 2008 National Crime Victimization Survey shows violent and property crime did not increase last year. During the first full year of the recession, …
“There is no disagreement,” said President Obama, “that we need action by our government, a recovery plan that will help jump start the economy.” Those chilling words were said in January, but we were reminded of that sentiment yesterday when President Obama claimed that “…economists on both the left and …
The Heritage Foundation has long argued that tax cuts, not tax hikes, are the best policy, especially when the economy is weak. Turns out Barack Obama agrees with us. Watch the video yourself, but here is a rough transcript of Obama’s exchange with George Stephanopoulos from This Week: STEPHANOPOULOS: Even …
As if the rumblings from Capitol Hill suggesting President Bush is “open” to a stimulus package larger than his $150 billion offer weren’t bad enough, now Urban-Brookings Tax Policy Center director Len Burman is calling for a tax increase solution to our economic woes. This while even the two leading …
