America Doesn’t Need Another Tax Hike
America / Economy / Fiscal policy / Tax / Taxes / U.S. Domestic Policy

America Doesn’t Need Another Tax Hike

Hillary Clinton is not the only feature of Washington that is “dead broke”: the Highway Trust Fund is set to run out of money by late August, and members of Congress are scrambling to find ways to raise revenue. One solution, proposed by Senators Chris Murphy (D-Conn.) and Bob Corker (R-Tenn.), is to raise the … Continue reading

Volcker and The Capital Asset Pricing Model: Enforcing Ineffective Regulation Since 2013?
Economy / Fiscal policy / Regulation / U.S. Domestic Policy

Volcker and The Capital Asset Pricing Model: Enforcing Ineffective Regulation Since 2013?

One fundamental principle of financial markets is the relationship between risk and return. This tenet is reflected in the Capital Asset Pricing Model (CAPM), the workhorse of security pricing, where the return required by investors is measured by adding the risk free rate (such as a treasury bond) to a market risk premium, adjusted for … Continue reading

Playing Politics With America’s Retirement
Economy / Fiscal policy / Social Security / Tax / Taxes

Playing Politics With America’s Retirement

Social Security is both the largest program in the federal budget and one of the most fiscally unsustainable.  The program has already begun paying out more in benefits than it is taking in through payroll taxes.  By 2033, the Social Security Trust Fund will be drained and the benefits paid out will decline by 25 … Continue reading

The Confident Public: Misguided or Justified on the “Graying of America?”
America / Culture / Economy / Fiscal policy / Medicare / Politics / Social Security

The Confident Public: Misguided or Justified on the “Graying of America?”

The graying of America is not a new fear for economists and politicians. Before even the earliest Baby Boomers began retiring, economists were making predictions about the hardships America would undoubtedly face as it aged. Many say those problems have already begun, while others argue they have been over exaggerated and prematurely predicted. The American … Continue reading

Holiday Spending: Past, Present, and Future
Economy / Fiscal policy

Holiday Spending: Past, Present, and Future

For the past decade holiday spending has begun before Halloween for about 40% of Americans, meaning the 2013 season is already underway. Halloween spending has served as an indicator of things to come, and this year spending decreased slightly (first decrease since 2009). The National Retail Federation (NRF) has projected a modest 2% spending decrease … Continue reading

The SNAP Trap, “Non-Excessive” Funding
Fiscal policy / Regulation

The SNAP Trap, “Non-Excessive” Funding

Supplemental Nutrition Assistance Program The 2009 Recovery Act was scheduled to have its boost to Supplemental Nutrition Assistance Program (SNAP) reduced when it expired on November 1. For households of three, this will be reduced by $29/month reducing monthly assistance from $63 to $37, Single person households’ SNAP benefits will be cut $11/month, and two-person … Continue reading