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Congress

US GDP growth won’t have effect on unemployment

Prof. Norman Bailey / 02-02-2010
The past week has been full of economic events, such as:   1.  The report of the Congressional Budget Office (CBO) on the budget outlook.   2.  The president’s State of the Union address.   3.  The defeat in the Senate of the proposal for the formation of a budget commission to recommend ways of reducing the deficits and eventually the [...]
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The Trade Deficit: Much Ado About Nothing

Lawrence W. Reed / 22-01-2010
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Real Problem of Aging

Prof. Bruce Bartlett / 30-12-2009
Medicare’s problems are even worse than official projections show due to increasing longevity. To the extent that health reform improves health quality, won’t that make the problem worse? Suggestion to Congress: Why not include rise in the age to qualify for Medicare as part of the health reform legislation? At least raise it to the same [...]
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Cause for Alarm

Michael Panzner / 20-12-2009
The Keynesian Kool-Aid drinkers keep insisting that big deficits and rapidly growing piles of public debt don’t really matter as long as there is “slack” in the economy. But they live in a fantasy world where ill-conceived policies are not subject to vetting by market and other forces. As the Greeks (among others) are now [...]
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