Steny 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...
Economic Commentary
California’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...
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Deficit 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...
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Wisconsin 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...
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Workers 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...
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Latest 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...
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Right to Work Works!
Right to Work — allowing every person to choose whether or not to join a union and pay dues — leads to greater...
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Deficit 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...
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Housing 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...
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Federal 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...
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Democrats 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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Lessons from the Greek Crisis
As the Greek economy descends into political and economic chaos, it's only natural for Americans to wonder how the United States can avoid...
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Recalcitrant Unions Force N. Las Vegas to Suspend Labor Agreements
Last Friday the City Council of North Las Vegas, Nevada’s fourth largest city just north and east of Las Vegas, voted unanimously to...
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State and Local Pension Plans Underfunded by Half
The latest report from the nonpartisan Center for Retirement Research (CRR) at Boston College was brutal in its assessment of the status of...
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GAO Finds Rampant Waste in $18B Federal Job-training Program
A new Government Accountability Office (GAO) study, commissioned by Sen. Tom Coburn (Okla.), is questioning the federal government’s $18-billion job training program. ...
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