Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts
Lawrence J. McQuillan: Cutting Government Down To Size
#1 reason to elect Rand Paul. The GOP debates so far have shown that the Republican presidential candidates are far from united on how best to boost the economy. Tax and regulatory reform are critical. But as a first step they should consider following the path Democrats took immediately after World War II: shrink the government. During ... MOREU.S. Economic Growth Nearly Grinding To A Halt
by Chico Harlan. The U.S. economy ground nearly to a halt in the first three months of the year, according to government data released Wednesday morning, as exports plunged and severe winter weather helped keep consumers indoors. The gross domestic product grew between January and March at an annualized rate of 0.2 percent, ... MOREDavid Harsanyi: Thank Gridlock For Economic Turnaround
The Obama Boom is finally here. Gross domestic product grew by a healthy 5 percent in the third quarter, the strongest growth we've seen since 2003. Consumer spending looks as if it's going to be strong in 2015. Unemployment numbers have looked good. Buying power is up. And the stock market closed at 18,000 for the first time ever. All good ... MOREWe're Number 2! China Tops America As Largest Economy
by Brett Arends. Another dividend of hope and change. Hang on to your hats, America. And throw away that big, fat styrofoam finger while you’re about it. There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become ... MORE
Drugs And Prostitutes Help Bring Italy Out Of Recession
by Shane Ferro. Italy is no longer in a recession, thanks to its black market. Because the European Union changed the way it calculates GDP to include illegal revenue from things like underground alcohol sales, drugs, and prostitution, Italy found out Wednesday that its 0.1% GDP decline in the first quarter of 2014 was actually flat— or 0.0% ... MOREAmerica's Unsustainable Long-Term Debt Trajectory
by Peter Suderman. In
the past year or so, the White House has become increasingly
aggressive in touting President Obama’s achievements in reducing
the deficit. The deficit has been “cut by more than half since
2009,” a 2013
blog post by the White House Office of Management and Budget
declared, pointing to the shrinking of ... MOREChina To Pass US As World’s Leading Economy This Year
The Obama legacy. The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies. The US has been the global leader since overtaking the UK in 1872.
Most economists previously thought China ... MOREWalter E Williams: The Pope And Capitalism
Economic theories that are far from divine. Pope Francis, in his apostolic exhortation, levied charges against free market capitalism, denying that "economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world" and concluding that "this opinion ... has never been ... MORERonald Baily: The Morning After America's Debt Binge
The hangover will likely last two decades. President
Barack Obama is adamant that he will not be held “hostage” by the
Republicans in the House of Representatives, who are threatening
not to raise the U.S. debt ceiling without some concessions on
future spending and Obamacare. If the debt limit is not raised,
allowing the Treasury ... MOREPeter Schiff: Trayvon Martin/George Zimmerman Tragedy
When facts collide with preconceptions. The Trayvon Martin/George Zimmerman tragedy has become one of those transcendent events that dominates the national discourse and throws light on dimly lit aspects of our society. Obviously, the case touches most closely on issues of race relations, media culture, and the ... MOREVeronique de Rugy: Yes, We Do -- Have A Debt Problem
The president tries to downplay the continuing crisis. In mid-May, the Congressional Budget Office (CBO) revised its previous estimate of the federal government’s 2013 deficit downward by 24 percent. The fiscal year (which ends on September 30) will feature red ink of merely $642 billion, down from the $1 trillion-plus of the ... MOREJohn Stossel: Austerity Myths
Honesty is the first step. Europe's struggles prove that "austerity" fails! So say the Big Spenders. With a condescending sigh, they explain that Europe made deep cuts in government spending, and the result was today's high unemployment. "With erstwhile middle-class workers reduced to picking through garbage in search of food, austerity has ... MOREWalter E Williams: Americans Deserve The IRS
Politicians must pay for their spending. Individually, Americans do not deserve to be subservient to such a fear-mongering, intimidating and powerful agency as the Internal Revenue Service; but collectively, we do. Let's look at it. Since the 1791 ratification of our Constitution, until well into the 1920s, federal spending as a percentage of ... MOREObama's 'Fairness' Economy Has Backfired
by David Harsanyi. One of the most seductive parts of President Barack Obama's political message (and the message of progressive Democrats in general) is sympathy for the poor and a willingness to talk about the disparities of capitalism -- about the rich being too rich and the poor being screwed. In some ways, it's the predominant message ... MOREAmerica In Denial As Fiscal Tsunami Appoaches
by Gene Healy. It's hard to hear yourself think over all the caterwauling on Capitol Hill about the looming sequestration "crisis." For opponents of the spending cuts—at $85 billion, 2.3 percent of the $3.6 trillion federal budget—the rallying cry is half Lord Keynes, half St. Augustine: "Grant me chastity and continence—but not yet." But the time for a little ... MORE
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