Myths of Austerity Failures
Evidence shows that “austerity” during a sharp downturn in 1920 coincided with quick economic recovery and robust growth throughout the rest of the decade. Nevertheless,… Read More
News
Super Committee Proposal: Tax Hikes Should Be a Nonstarter
For months now the so-called super committee has been meeting in secret, tasked with delivering a budget-cutting (er… make that deficit-cutting) plan. Many have doubted… Read More
Does ‘Austerity’ Work?
Remember the Great Depression of the 1920s? If not, that’s because it didn’t happen. The recession of the early ‘20s quickly ended after spending and… Read More
Morning Bell: What is the American Idea?
What is the American idea? That all depends on whom you ask. According to President Barack Obama, it’s the notion that the federal government is… Read More
News
Super Committee Gets Recommendations from Senate Finance Republicans
Next month, the “super committee” will release its plan to find savings in the federal budget over the next decade. A report from the Senate… Read More
The Video AARP Hasn’t Made: Medicare’s Need for Structural Reform
Medicare—on its current path—cannot be sustained. At a recent hearing held by the Senate Special Committee on Aging, Ranking Member Senator Bob Corker (R–TN) stressed… Read More
Illinois Shows that Taxing and Spending Has Consequences
In January 2011, newly elected Illinois governor Pat Quinn imposed a 67% income tax increase on citizens and a sharp increase in the corporate tax rate… Read More
News
Super Committee Health Goals Need Sound Policy
If the goal is producing $1.2 trillion to $1.5 trillion in 10-year savings, the Joint Select Committee on Deficit Reduction must think big and produce recommendations… Read More
A Plan to Limit Dishonesty in Congress
Give two U.S. Senators credit for trying to do something about the smoke-and-mirrors games in Washington. The “Honest Budget Act” by Sen. Jeff Sessions (R-AL)… Read More
In Pictures: Debt by President? Obama Leads the Pack
When House Minority Leader Nancy Pelosi’s (D–CA) staff released a chart in May that attempted to illustrate how much past Presidents increased the national debt,… Read More
