Tag Archives: recession

Pelosi: "It's Almost A False Argument To Say We Have A Spending Problem"

Pelosi: "It's Almost A False Argument To Say We Have A Spending Problem"

“It is almost a false argument to say we have a spending problem,” Rep. Nancy Pelosi told Fox News’s Chris Wallace today. “We have a budget deficit problem that we have to address.” She also said that “tax subsidies” should be targeted for cuts rather than spending programs. And by “tax subsidies” what Pelosi means

America's Most Stressed Out Generation

According to the American Psychological Association, America’s younger generations are the most stressed: “Millennials,” those aged 18-33, are the most stressed-out generation in the country, according to the American Psychological Association’s annual Stress in America survey. The results were discussed at a press conference on Thursday. 1 in 2 College Graduates are Jobless or Underemployed

Is It That Technology Changes Too Fast, Or Is The Government Holding Us Back?

There are two mistaken ideas about economics that, throughout history, significant numbers of people make again and again. One is the Malthusian idea about diminishing resources. This has been around since Thomas Malthus wrote about humanity outgrowing its ability to produce food, which would inevitably lead to widespread famine according to Malthus. Of course, that

Republican States Run Surpluses, Democrat States Run Deficits

One of the wonderful things about our federalist system of government is that our states can act as “laboratories of democracy,” as Supreme Court Justice Louis Brandeis put it. Which is to say, each state can address policy issues in different way, with observable differences in results. It’s interesting to apply that to fiscal issue.

It Will Take At Least 6 More Years To Get Unemployment To 6.5%

Remember when George W. Bush was President and the media considered an unemployment rate over 5% to be sign of a terrible economy? Well according to two new analysis of our current economy, it may take at least six more years for the nation to get to 6.5% unemployment. The most important part of the

Heidi Heitkamp: Don't Tie Spending Cuts To Debt Ceilling

Senator Heidi Heitkamp is quick to name as her mentor the man she replaced in the Senate, Kent Conrad. That seems apt, as Conrad’s legacy of talking tough about the debt and deficits while simultaneously being a wet blanket for any proposals to actually rein in government spending is alive in well in Heitkamp. Case

Americans May Be Getting An Idea For What Social Security Really Costs Them

“For the first time in two decades, we raised taxes on the wealthiest 2% of Americans in a bipartisan way, while preventing a middle-class tax hike that could have thrown our economy back into recession,” President Obama said in his weekly address yesterday. “Under this law, more than 98% of Americans and 97% of small

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