Four Charts on How Economic Freedom Makes Your Life Better
Political gridlock, the government shutdown, and Obamacare are making Americans gloomy. But, largely thanks to economic freedom and the free-market system, things aren’t so bad… Read More
Two Things Washington Cannot Ignore
Members of Congress are still at an impasse—they cannot agree on the debt limit, spending cuts, Obamacare, or funding the government. The House has passed… Read More
Surrender on Obamacare Plus Higher Spending
According to news reports, Congress is waving the white flag in what appears as a proposal of nearly complete surrender. First, lawmakers would give up… Read More
Federal Housing Administration Is Undermining Responsible Housing Policy
The Federal Housing Administration (FHA) has discrepancies in its loan portfolio that are unlikely to be resolved anytime soon and will continue to pose a… Read More
Apple Wins Latest Round Against Samsung Thanks to the Obama Administration
Apple achieved another protectionist victory Tuesday in its ongoing battle with South Korea’s Samsung when the Obama Administration decided not to veto an import ban… Read More
Economy News
What the Founders Thought about Debt
“Neither a borrower nor a lender be,” wrote William Shakespeare in Hamlet. As the Founders were exceptionally well read men, they surely knew the reference…. Read More
Moody’s on Debt Limit: Calling Obama’s Bluff on Default
A voice of reason emerged today among the doomsday predictions over a U.S. government default if the debt limit is not raised by mid-October. The… Read More
Three Magic Tricks Washington May Try to “Solve” the Debt Crisis
Yesterday in a press conference regarding the national debt, President Obama stated: “There is no magic wand that allows us to wish away the chaos.”… Read More
Why Japan Should Reengineer Innovation
The Japanese are good at innovation. It was their reengineering techniques that propelled them to a top world competitor in the 1980s. But since stagnation… Read More
Why Is Obama Needlessly Scaring Seniors?
Apparently things aren’t ugly enough in Washington, so President Obama has started scaring senior citizens. “In a government shutdown, Social Security checks still go out… Read More
Economy News
Obama Needlessly Scares Seniors: Social Security Checks and the Debt Limit
President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of… Read More
World’s First “Trillionaire” Offers to Pay Down U.S. National Debt
KLTV.com-Tyler, Longview, Jacksonville, Texas | ETX News A restaurant manager from Tyler, Texas, briefly became the world’s first trillionaire earlier this week—until his $4 trillion… Read More
Economy News
Without Reform, Entitlement Spending Poses a Default Risk
The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy…. Read More
A Tariff Cut Can Boost U.S. Output
The Federal Reserve recently cut its forecast for economic growth in the United States. That’s a problem. We need higher growth to create jobs and… Read More
Family Fact of the Week: Stagnant Poverty Numbers Signal Need for Change
The number of people in poverty in America stagnated in 2012, according to a recent report by the U.S. Census Bureau. This comes as no… Read More
The Typical Worker Earns More Today Than in 1989
Do American workers have lower living standards today than in 1989? To anyone with a camera GPS library stereo video recorder TV smartphone in his… Read More
U.S., Japan Break Up Private-Sector Collusion
The “largest criminal investigation the Antitrust Division has ever pursued” in its 80 years of existence is continuing to unfold. The U.S. Department of Justice… Read More
FHA: The Next Round of Housing Bailouts?
Despite some efforts this year to improve its financial position, the Federal Housing Administration (FHA) will reportedly seek a bailout from the federal government to… Read More
Economy News
Postal Service Won’t Shut Down but Will Default on Its Debt
The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The… Read More
Debt Ceiling Raised Seven Times Under Obama, Costing $43,000 Per Household
Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000… Read More
Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion
Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s… Read More
Democrats Threaten Government Shutdown If They Don’t Get More Spending
While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal… Read More
Japan’s Revolving Door Tax
Prime Minister Shinzo Abe is likely to increase Japan’s sales tax from 5 percent to 8 percent next year. Abe and his close ally Haruhiko… Read More
Debt Limit: Brinksmanship or Fiscal Course Correction?
Washington is in the midst of another budget fight this fall over the nation’s debt limit. What some call political brinksmanship others recognize as an… Read More
Why Should the Government Prevent Union Members from Earning RAISEs?
A few years ago, President Obama declared he believed “in people getting rich based on performance and what they add in terms of value and… Read More
Goodlatte: 7 Things to Consider Before Taxing Internet Shopping
Efforts in Congress to give state tax collectors power to tax out-of-state (mostly Internet) sales hit a roadblock Wednesday, as House Judiciary Committee chairman Bob… Read More
What You Need to Know About the Debt Limit
The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel… Read More
Extra! Extra! D.C. City Council Submits to Reality
“My Administration has worked tirelessly to create jobs, help our residents obtain, employment, and escape poverty. It is because of these very commitments, in fact,… Read More
EconomyNews
Don’t Hit Snooze on the Debt
The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public… Read More
CBO Long-Term Budget Outlook Shows Tax Hikes Unnecessary—Again
The Congressional Budget Office (CBO) released its long-awaited long-term outlook on the budget today. As surely as the sun rises in the east, it shows… Read More
