The Center for Budget and Policy Priorities is a left-wing group in Washington that advocates for bigger government and higher taxes. In an effort to promote more redistribution, they recently put together a map showing how welfare benefits varied by state. We’re supposed to look at the map and conclude that welfare benefits are too […]
read more...The President’s “green energy” loan program has turned into an embarrassment for the White House, in part because of the sordid corruption associated with the bankruptcy of Solyndra. But the subsidy program also has attracted some negative attention for its failure to create jobs – even from media outlets that normally are sympathetic to big […]
read more...The Census Bureau has just released the 2010 poverty numbers, and the new data is terrible. There are now a record number of poor people in America, and the poverty rate has jumped to 15.1 percent. But I don’t really blame President Obama for these grim numbers. Yes, he’s increased the burden of government, which […]
read more...I recently posted four charts eviscerating Obama’s record on jobs. My Cato colleague, Caleb Brown, has a good complement to those charts. He’s put together a short video looking at how government spending and regulation undermine job creation. Caleb says he will be doing more excellent videos like this, which is very encouraging since there […]
read more...President Obama will be unveiling another “jobs plan” tomorrow night, though Democrats are being careful not to call it stimulus after the failure of the $800 billion package from 2008. But just as a rose by any other name would smell as sweet, bigger government is not good for the economy, regardless of how it […]
read more...I’m normally disappointed when religious figures comment on economics, particularly since they often turn the individual call to charity into a blank check for government-coerced redistribution. This runs contrary to individual choice, free will, and morality. So I’m delighted that Ettore Gotti Tedeschi, writing for L’Osservatore Romano, the quasi-official newspaper of the Vatican, persuasively explains […]
read more...The Congressional Budget Office has just released the update to its Economic and Budget Outlook. There are several things from this new report that probably deserve commentary, including a new estimate that unemployment will “remain above 8 percent until 2014.” This certainly doesn’t reflect well on the Obama White House, which claimed that flushing $800 […]
read more...ust last week, I made fun of Paul Krugman after he publicly said that a fake threat from invading aliens would be good for the economy since the earth would waste a bunch of money on pointless defense outlays. Yesterday, there were rumors that Krugman stated that it would have been stimulative if the earthquake […]
read more...I’ve already explained why the Department of Housing and Urban Development should be eliminated, but a superb column in the Wall Street Journal by my old friend Jim Bovard has my blood boiling. After reading Jim’s piece, I no longer want to merely abolish HUD. I want to bulldoze the building, cover the ground with […]
read more...The latest issue of the World Economic Forum’s Global Competitiveness Report contains some rather damning information about government incompetence in the United States. America ranks only 68th in the “Wastefulness of Government Spending” category (page 373) and 49th in the “Burden of Government Regulation” category (page 374). Singapore, by contrast, ranks first in both of […]
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