The Republicans are winning this year’s budget battle: Discretionary spending will decrease. But this is hardly the time for the GOP to take a victory lap: Next, the GOP will have to lower unemployment and improve the average A…
Like all budgets, the federal government’s spending plan is all about revenues and expenditures. Unfortunately, Uncle Sam is very good at grossly overestimating tax receipts and grossly underestimating spending. It’s enough to …
A parade of Republicans immediately lined up to attack the president’s proposed budget this week, claiming the plan falls short of making a real difference. They’re right. And that’s good, because really deep reductions are the…
President Obama’s proposed spending plan seeks to slash $1.1 trillion from the deficit over the next decade. Republican House Speaker John Boehner says that’s too little. In this case, both Obama and Boehner are wrong. The nati…
Many people blame America’s high unemployment rate on a mismatch between workers’ skills and the fields with open jobs. But jobs are scarce across all sectors. That means effective policies are needed to stimulate demand and re…