Now, I have been given to observe many a wondrous and unusual thing over the course of my life, but the thought of Ron Paul and Woody Guthrie cozying up on fiscal policy leaves me virtually speechless.
We currently have an unsustainable budget, and the inevitable increase in borrowing costs is simply a tax on political cowardice on the matter.
I actually find it astonishing that there are still Americans who devote themselves to opposing free trade on the grounds that it hurts the economy. There is no more easily disproven fiction.
What is abundantly clear is that federal spending is much higher than is currently sustainable.
The Declaration of Independence has some key tenets that bear mentioning in these times.
In essence, the body of research tells us that longish periods of unemployment compensation tend to cause longish periods of unemployment.
Poverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
The hard truth is that all the jobs lost in the economy that will return already have. So what will become of those who lost jobs to the recession for which none await them now? The prognosis is none too optimistic.
Three times as many Hoosiers perished in the Civil War than the nation as a whole has lost to battle since Vietnam.
Most disagreement over economic policy is not based on theory; rather it is based on the discordant views about the ability of government to quickly and efficiently spend a stimulus or target a tax cut.
Oil prices are affected by the demand for petroleum products, the available supply of oil, the value of the currency in which it is denominated, and uncertainty about future supply or demand.
The best estimates tell us that about 26 percent of all Americans are mothers, and that the past few decades have seen a big increase in the range of ages of motherhood.
Hauser’s Law, which is really an empirical observation, notes that U.S. income tax revenue has hovered within a percentage point of 19 percent of our total economy for more than 50 years.
Profits are much maligned, and the profit motive is oft depicted as synonymous with greed. This is disheartening. Disdain drawn from ignorance is intellectually lazy.
We know from long experience that, if you raise taxes, you get less economic activity, even if higher tax rates make some people work harder.
We need the remaining month of this Legislature to look a lot less like the last month.
purchasing our debt and being our banker are different matters altogether.
The goal of the legislation is to give public schools more incentives to improve.
It’s a wide entitlement program that will literally explode in the coming decades, since a third of all combat veterans will meet the disability requirements. It is not sustainable, and the Senate just tightened the requirements.
Deregulation of monopolies tends to almost always make consumers better off. Indiana’s broad and effective telecommunications reform of 2006 is a classic example of this.
