In a glaring example of Orwellian double-think, advocates of ObamaTrade say that it will create jobs while at the same time saying that we must pass a Trade Adjustment Assistance bill (TAA) to provide subsidies for U.S. workers who will lose their jobs.
While the U.S. Department of Labor continues to tout decreased unemployment rates, the reality is that a significant portion of the unemployed have simply withdrawn from the job market entirely, according to a survey by Express Employment Professionals. According to the survey, 40 percent of the 8.5 million unemployed Americans have given up looking for jobs.
Once again the free market is working its magic — this time in the automotive field, with driverless cars and leased cars. Its "invisible hand" is making life simpler, easier and cheaper.
Further evidence of the federal government’s vast overreach can be found in a report out of the Competitive Enterprise Institute (CEI) that reveals that over 3,500 new regulations were issued in 2014, and 224 new laws had been passed. According to the report entitled Ten Thousand Commandments, the cost of government regulations is $1.88 trillion per year, or $14,976 per every household.
Keynesian experiments with the economy are having, once again, unintended consequences. Freshly created money, instead of acting as a stimulant, is acting as a sedative.
The Left is correct that the top one percent of Americans have gotten richer while the bottom 99 percent have stagnated, but they couldn’t be more wrong about the reasons why.
According to a Boston University economics professor who specializes in generational accounting, U.S. agencies are intentionally deceiving the public into believing that the federal government is not absolutely broke.
In a country where people extol the virtues of free enterprise, why is the U.S. government involved in the delivery of mail? After all, it would be difficult to find a better example of a violation of the principles of free enterprise than the U.S. Postal Service.
In calculating personal income in the United States, the Tax Foundation is missing a huge part of the economy: the one that runs just fine without government interference.
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just over $200 billion currently.