Full Employment Not Expected Until After the Next Presidential Election
A Heritage Foundation study has concluded that a full employment recovery from the Great Recession isn't likely until after the next presidential election...
Economic Commentary
California Voters Pass $6-Billion-a-Year Tax Hike
In the wake of the November 6 elections, voters have approved a number of contentious state initiatives, including a $6-billion-a-year bundle of tax...
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Here Come the Taxes: In Every Aspect of our Lives
On January 1, 2013, many new taxes are set to begin. Unless Congress and the White House can agree by year's end on...
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Enough Spent on Welfare in 2011 to Give Every Poor Household Nearly $60,000
According to an October 16 memorandum prepared by the Congressional Research Service (CRS) for the Senate Budget Committee, the federal government spent $746...
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Economists Say Tax Hikes Will Curb Economic Growth
As the deadline to extend the Bush-era tax cuts looms, economists have agreed that the pending tax hikes would be devastating to the...
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Former U.S. Comptroller Says U.S. Faces Fiscal “Abyss”
Former U.S. Comptroller General of the United States David Walker just finished another tour across the country promoting “fiscal reform and responsibility,” according to Forrest...
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Jack Welch and Others Reaffirm Criticisms of September Jobs Report
U.S. unemployment slid from 8.1 percent to 7.8 percent in September, according to the Bureau of Labor Statistics (BLS), giving the Obama campaign...
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The Fed is Playing With Fire
Waiting for the economy to improve before turning off the printing presses is likely to take a very long time. The August numbers...
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Ron Paul, QE3, and Unintended Consequences
One of the prime unintended consequences of the new unlimited QE3 announced by the Fed is that it is difficult to know when...
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Preview of Census Data Reveals Muted Optimism for the Economy
A preview of the upcoming Census Bureau's upbeat analysis of the economy was met with little enthusiasm and contrasted sharply with reports from FedEx and...
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Federal Reserve Balance Sheet Set to Explode
When the Federal Reserve announced last week its plan to buy more treasury securities, only a few read the fine print. Many observers...
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When a Flat Tax Is Still a Progressive Tax
The U.S. tax code is a complex and burdensome maze of rates, exemptions, exclusions, credits, deductions, phase-out levels, and exceptions. People may not...
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QE3: Quantitatively Easing America Further Into Inflation
Everybody knew it was coming. With the economy continuing to founder, it was only a matter of time before Ben Bernanke and the...
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The Unintended Consequences of Low Interest Rates
Keynesian policies allegedly designed (and sold to the American people) to stimulate the economy are actually having the perverse effect of stimulating government...
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Gun Sales Spiking Thanks to Obama, “Preppers” — and Even “Zombies”
Increasing gun sales are driving revenues and profits at Smith & Wesson and Sturm, Ruger & Company, thanks to Obama, "preppers" — and...
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