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The Indebted States of America
Maria Pappas, the treasurer of Cook County, Illinois, got tired of being asked why local taxes kept rising. Betting that the answer involved the debt that state and local governments were accumulating,...
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With Immigration, Congress Shouldn't Set Wages
When Congress returns from recess on September 9, sensible immigration reform should be a priority. The House Judiciary Committee has voted out bills to make it easier for foreign skilled workers and...
View Article10 Missteps Obama Made at Knox
President Obama’s economic hour-long speech at Knox College in Galesburg, Ill., on Wednesday was scary, not just for its statements, but for what some characterize as disregard of the rule of law.Obama...
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You Know the Fed Chairman, And That's the Problem
If you were around before 1990, you might never have heard of the chairman of the Federal Reserve Board, much less have watched the spectacle of his selection. American schoolchildren do not learn...
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How to Grow the Economy and Cut Spending
The good news: America’s deficit is declining, according to the non-partisan Congressional Budget Office. The bad news: after reaching 2% of GDP in 2015, deficits will start to rise, eventually...
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Government May be Shut Down, But the Energy Industry is Booming
America’s government may be closed, but its energy sector is open for business. We are overtaking Russia as the world’s largest oil and gas producer.Other countries with large reserves of natural...
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Yellen Can't Save the U.S. Economy
The U.S. economy is stuck at a 2% GDP growth rate, with unemployment over 7%, a record exodus from the labor force, and 1.9 million fewer jobs than at the start of the recession in December 2007. What...
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Don't Expect Magic From Yellen at the Fed
What will Janet Yellen, the nominated chairman of the Federal Reserve, do to fix the economy?Not much, it appears, if Congress remains dysfunctional and she is wedded to accommodative monetary policy...
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In Two Weeks, New York City Will Commit Suicide
In two weeks New York City residents will choose a new mayor. The likely winner is Democrat Bill de Blasio, 40 percentage points ahead of rival Republican Joe Lhota in the polls. To fund more education...
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U.S. Highways Could Be Paved With Gold
Budget negotiators have until Dec. 13 to come to an agreement about fiscal year 2014 spending — or America faces another government shutdown on Jan.15.One candidate for elimination is the Highway Trust...
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The Myth of Increasing Income Inequality
INTRODUCTION AND SUMMARYPresident Obama has called income inequality the “defining challenge of our time,” reflecting the misguided assumption that income inequality in the U.S. has increased in recent...
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4 Energy Wishes for 2014
America’s oil and gas boom has the potential to jump-start the economy by lowering consumers’ energy costs and attracting energy-intensive manufacturing in search of low-cost energy. The oil boom has...
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America Needs More Oil Pipelines
After Tuesday’s train derailment in Plaster Rock, New Brunswick, causing spills of crude oil and propane, it is time to reconsider the approval of a new generation of pipelines in America.Although the...
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e21 Asks: What Reform is your Highest Priority for 2014?
With Congress reconvening in Washington, D.C. this week, it was only appropriate to ask our readers, “What legislative reform is your highest priority for 2014?” The results had a few surprises, but...
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Inequality Testimony before the Joint Economic Committee
Chairman Brady, Vice Chair Klobuchar, and Members of the Committee, thank you for inviting me to appear today to discuss the topic of income inequality in America. With long-term unemployment...
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The State of the Union I'd Like to See
President Obama will deliver his State of the Union speech next week. Here is the State of the Union address I would like to see:My fellow Americans,I come to you today to talk about economic mobility,...
View ArticleTestimony before the Committee on the Budget, U.S. House of Representatives,...
Chairman Ryan, Ranking Member Van Hollen, and Members of the Committee, thank you for inviting me to appear today to discuss the central issues of poverty and opportunity in America. The fiftieth...
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Making School Choice Work: A Lesson from Isreal
It is National School Choice Week in America. On Wednesday, the American Federation for Children, a national organization promoting school choice, held a celebration at Friendship Chamberlain...
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Obama's solution to phony wage gap is another job-killer
President Obama insists on repeating the erroneous “statistic” that women earn 77 cents on a man’s dollar, most recently in the State of the Union address, in order to push for more required employee...
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e21 Asks: State of the Union Recap
Following our State of the Union live coverage and immediate reaction, we asked readers, “Which State of the Union proposal could most harm 2014’s economic growth?” The option that received the most...
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