CBO Long-Term Budget Report: Our Dire Fiscal Situation
Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing… Read More
Today’s release of the 2011 Long-Term Budget Outlook by the Congressional Budget Office (CBO) yet again confirms what we already know: America’s budget is continuing… Read More
The Washington Post reports that “lawmakers speed up debt-reduction talks.” The headline of that story should read “Lawmakers speed up secret debt-limit talks; details scarce.”… Read More
Growing an herb (the legal kind) might seem pretty straightforward. Clear soil; plant seeds; water, fertilize, and harvest. Until the government gets involved, that is…. Read More
EconomyNews
Obama’s National Labor Relations Board (NLRB) has been aggressively reinterpreting the law to foist unions on workers—whether they want them or not. The Board famously… Read More
Congress is currently waiting for the Obama Administration to send it three pending free trade agreements (FTAs) with Colombia, South Korea, and Panama. While these… Read More
It’s bad enough that nationwide unemployment has risen back to 9.1 percent, but for some Americans that rate is significantly higher. Low-skilled workers, many of… Read More
While the national debt continues its climb above $14.3 trillion, the day is fast approaching when Congress will, once again, vote to increase the debt… Read More
Treadmills for shrimp and poetry in zoos. The AARP recently decried these examples of government spending as part of a recent TV campaign against Medicare… Read More
Want to know why the economy is still dragging along with stagnant growth and 9.1 percent unemployment? Travel back in time over the past 18… Read More
Wisconsin unions seem to have lucked out with the federal judge assigned to their latest lawsuit trying to stop the state’s new collective bargaining law… Read More
The Obama Administration recently made its strongest statement yet in support of free trade agreements. Secretary of State Hillary Clinton commented on the challenges of… Read More
Barron’s magazine published their mid-year round-table discussion with ten money managers and financial market experts on Saturday. The ten are unanimous in their belief that… Read More
In the past 30 years, U.S. life expectancy has increased by an average of five years. Since 1935, when Social Security was first enacted, it… Read More
In April, I visited South Korea and met with government and military leaders to promote vital U.S. interests in East Asia. Among those priorities is… Read More
The U.S. Chamber of Commerce and the AFL-CIO do not agree on much. But they have joined forces to persuade Congress to spend more on infrastructure…. Read More
Economic freedom, enhanced by limited government, is critical to economic dynamism and job creation, as documented in the Index of Economic Freedom, an annual cross-country… Read More
This week’s disappointing news on the progress of the economic recovery has some Democrats and their allies yearning for more fiscal “stimulus.” But continuing the… Read More
Deepening federal budget deficits indicate that one component of the federal budget baseline—either spending or revenue—is out of alignment. Closer inspection reveals that spending is… Read More
The U.S. Commerce Department today announced that the trade deficit for April was $43.7 billion. This number is misleading because it implies a “deficit” in… Read More
The U.S. economy continues to drag, but why’s the recovery going so slowly? The 13.9 million unemployed Americans aren’t the only ones who want to… Read More
In a recent Heritage in Focus, Heritage expert James Sherk discusses the recent unemployment report. Listen to the full podcast, here. The recent jobs report… Read More
Most folks would reasonably think that a railroad engineer or conductor would be able to distinguish the front of a train from the back of… Read More
If General Motors CEO Dan Akerson had anything to say about it, you would be paying a dollar more a gallon for gas. Yes, with… Read More
The Senate is looking to do some more spending with a vote today on the Economic Development Revitalization Act, which will cost $1.5 billion through… Read More
The House Republican Study Committee (RSC) has deployed a new theme to be introduced into the debt limit increase debate: “Cut, Cap, and Balance.” The… Read More
The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more… Read More
May 21, 2011, was supposed to be Judgment Day according to Harold Camping. It was, in a sense. As the day came and went, the… Read More
It’s been two decades since Congress seized from states the authority to regulate the size of the biggest trucks traveling the highways. But what started… Read More
If you’re looking for an expert in revisionist history, look no further than former Governor Jennifer Granholm (D). For the past several months, Granholm has… Read More
As Speaker John Boehner (R-OH) pushes the debt ceiling debate back another month, Americans remain skeptical about how such legislation can really help solve the… Read More
