The unemployment rate when President Obama took office last January was 7.6 percent and credit markets were in the throes of a global contagion. He immediately tasked Congress with passing a fiscal stimulus bill, and signed a $787 billion whopper in March. Politicians rarely admit mistakes, especially big ones. Even …
Today the White House will host a Forum on Jobs and Economic Growth featuring such leftist luminaries as Joseph Stiglitz and Paul Krugman. Yesterday The Heritage Foundation hosted House Minority Whip Eric Cantor (R-VA) for a presentation on his common-sense job creation plan. After Cantor spoke, Heritage fellow Brian Riedl …
Today, the Congressional Budget Office (CBO) released a new report detailing why individuals who purchase insurance in the non-group market would see much higher premiums in 2016 under Obamacare than they would under current law. On average, those in large-group employer-sponsored plans would see their premiums remain flat. But this …
In an arrogant and somewhat bizarre display of disinformation, the U.S. Department of Health and Human Services (HHS) is feeding local news sources with “new reports” about health insurance “reform.” Local stories have started appearing, citing new reports from HHS. A story out of northwest Indiana, for example, cites “… …
After noting that Social Security, Medicare and Medicaid spending totaled $1.3 trillion, 43 percent of federal spending and more than twice military spending, in 2008, the Washington Post‘s Robert Samuelson turns to Obamacare: Now comes the House-passed health-care “reform” bill that, amazingly, would extract more subsidies from the young. It …
Senate Majority Leader Harry Reid unveiled his 2,074 page health care bill with claims that the massive measure falls under the $900 billion cost threshold promised by the President. To put it charitably, the truth is more complicated. The bill depends on budget gimmicks and unrealistic assumptions and projected savings …
Congress needs someone like Mike Rowe to do the dirty job that politicians won’t touch. Our $1.4-trillion (and rising!) annual deficit and $12-trillion accumulated debt are not caused by the economy. They’re caused by runaway spending. Unable or unwilling to specify and enforce spending cuts on their own, some in …
Yesterday at 3:00 p.m. ET, the Treasury Department updated its calculation of the U.S. National Debt to: $12,031,299,186,290.07. That $12 trillion record high comes just eight months after it hit $11 trillion and is only expected to rise faster considering the federal deficit for 2009 was over $1.4 trillion. And …
