Economic Commentary
Corporate Welfare Spending Hits $100 Billion in FY 2012
Federal subsidies distributed to the private sector in Fiscal Year 2012 cost American taxpayers nearly $100 billion, according to a startling new report...
House Passes Bill to Curb Excessive Regulations
In an effort to curb an array of new regulations, House Republicans passed a bill Thursday that would shackle major federal rules until...
Read moreLemonade Stands Find Government Hurts, Rather Than Helps, Business
President Obama recently commented that business success relied upon government to succeed. Operators of lemonade stands, however, have found govenrment an obstacle, not...
Read moreJay Carney: Obama Stimulus Broke “the Back of the Recession”
Last week, White House Press Secretary Jay Carney made a bold assertion: President Obama’s 2009 economic stimulus law is “widely recognized to have...
Read moreSteny Hoyer: Food Stamps, Welfare Programs Stimulate the Economy
As a contentious “farm” bill rages in Congress, House Minority Whip Steny Hoyer (D-Md.) argued Tuesday that unemployment insurance and food stamps (which...
Read moreCalifornia’s Pension Plan (CalPERS) Made a Paltry 1 Percent in Past Year
Monday's report from the California Employees’ Retirement System (CalPERS) contained two numbers that are spelling out the death spiral of that plan: too...
Read moreDeficit Headed for $1.1 Trillion This Year
The U.S. Treasury Department announced on Thursday that the federal government’s deficit for the first nine months of its 2012 fiscal year exceeded...
Read moreWisconsin Is Only the Beginning
The recent public-employee union controversy in Wisconsin is part of a global phenomenon, and every U.S. government unit will face the same crisis. Governor...
Read moreWorkers Receiving Federal Disability Surpasses Population of NYC
The number of workers receiving federal disability insurance payments has spiked by more than 26,000 over the past month, bringing the total sum up to a record...
Read moreLatest ADP Jobs Report Confirms Slowing Economy
Looking behind the numbers Thursday's ADP report reveals an economy that is flat-lined, heading into recession. When June’s numbers are compared to January’s, ADP’s...
Read moreRight to Work Works!
Right to Work — allowing every person to choose whether or not to join a union and pay dues — leads to greater...
Read moreDeficit to Top $1 Trillion for Fourth Straight Year
On Tuesday the Treasury Department announced that in May the federal government received tax revenues of $180.7 billion, the second highest for the month...
Read moreHousing Bust Cost Average American Family 40 Percent of Their Net Worth, Says the Fed
The release last week of the Federal Reserve’s much-anticipated three-year study of America’s finances, its Survey of Consumer Finances, confirmed what many families...
Read moreFederal Employment Far Exceeds Private-Sector Job Growth
President Obama’s assertion last Friday that “the private sector is doing fine” has drawn heated criticism from his opponents, as media outlets and...
Read moreDemocrats Unveil Bill to Raise Minimum Wage to $10 an Hour
The “Catching Up to 1968 Act of 2012,” announced Wednesday by three Democratic lawmakers — Reps. John Conyers, Jr. (D-Mich.), Dennis Kucinich (D-Ohio),...
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