Who is Paying for the $3.5 Trillion Reconciliation Bill?

Who is Paying for the Budget Bill? The Big Picture The Democrats’ $3.5 trillion socialist spending spree is full of far-left priorities such as “free” community college, universal pre-K, and…

CBO Report Increases Urgency for Entitlement Reform

The Congressional Budget Office (CBO) released a report last month projecting an increase in the federal budget deficit relative to the gross domestic product (GDP) for the first time…

Already Dismal Economic Growth Revised Downward to 1.1 Percent in the Second Quarter

In the television drama, The West Wing, President Josiah Barlet, played by Martin Sheen, laments to his chief of staff, Leo McGarry, about the challenges of growing the economy.

Digging Deeper on Unemployment: It’s Worse Than You Think

With the whirlwind of scandal currently buffeting the Obama Administration, domestic attention has shifted away from economic performance. Be assured, the economic picture is as bleak as ever. Economic indicators…

CBO Report Confirms That Deficit Reduction Leads To Economic Growth, Helps All Families

On February 5, the Congressional Budget Office released a report titled, "Macroeconomic Effects of Alternative Budgetary Paths". Full disclosure: even to us policy wonks, this report sounds a bit…