By Will Portman Winston Churchill once said, “Americans can always be counted on to do the right thing… after they have exhausted all other possibilities.” House Budget Committee Chairman Paul Ryan (R-WI) cited the late British Prime Minister’s famous quote this week as he unveiled The Path to Prosperity, his budget for fiscal year 2013, arguing … Continue reading
Category Archives: Economy
Commodity Futures Trading Commission Meets AGAIN About the Dodd-Frank Act
From This Day Forth… “Today we will consider a rule that helps broaden market access and promotes competition in the swaps market,” proclaimed Chairman Gensler. Emphasizing one of the important goals of the Dodd-Frank Act is to prevent risks in the financial sector from affecting the overall American economy in a negative manner. The intent … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 22, 2012 ECONOMICS: Ryan budget passes committee by one vote http://thehill.com/blogs/on-the-money/budget/217503-ryan-budget-passes-committee-by-single-vote The House Budget Committee approved Chairman Paul Ryan’s 2013 budget resolution on Wednesday night by a close vote of 19 to 18. Two conservative Republicans voted against the Ryan plan, which cuts spending by $5.3 trillion over ten years, because it … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 21, 2012 ECONOMICS: EDITORIAL: The Careless House Budget http://www.nytimes.com/2012/03/21/opinion/the-careless-house-budget.html As he rolled out his 2013 budget on Tuesday, Paul Ryan, the House Budget Committee chairman, correctly said that he and his fellow Republicans were offering the country a choice of two very clear futures. The one he outlined in his plan could … Continue reading
Economic Daily Outlook
TUESDAY, MARCH 20, 2012 ECONOMICS: House GOP set to move on debt package http://www.politico.com/news/stories/0312/74209.html Trying to get their mojo back, House Republicans hope to move quickly this spring with a $261 billion deficit-reduction package to forestall automatic spending cuts next January that would fall heavily on defense. The full details won’t be released until … Continue reading
Economic Daily Outlook
MONDAY, MARCH 19, 2012 ECONOMICS: GOP on budget: Bitten, but not shy http://www.politico.com/news/stories/0312/74158.html For the second year running, Republicans are betting big on the budget. Despite getting hammered by Democrats last year, the GOP is gambling that going big and bold on their fiscal blueprint — think major changes to Medicare and Medicaid — … Continue reading
Weekly Graphic: Annual Expenditure Between Income Groups
As the debate over income equality in the US continues to build, economists and policy makers are focusing on the large amount of new and old studies that attempt to quantify the rising disparage of incomes. However, many of these studies and statistics can be misleading because they do not take several important factors into … Continue reading
Economic Daily Outlook
FRIDAY, MARCH 16, 2012 ECONOMICS: Jobless claims fall, manufacturing holds up http://www.reuters.com/article/2012/03/16/us-jobless-claims-idUSBRE82E0LV20120316 Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month. But the impact of higher oil prices … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 15, 2012 ECONOMICS: Budget Feud Erupts Again http://online.wsj.com/article/SB10001424052702303863404577281852993334574.html Republicans are likely to unveil a budget plan next week that will cut 2013 federal spending below the level the two parties negotiated last August, prompting Democrats to complain that they are reneging on the agreement. GOP leaders respond that the figure, reached after … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 14, 2012 ECONOMICS: House Republican leaders set to break budget deal http://www.reuters.com/article/2012/03/14/us-usa-politics-budget-idUSBRE82D06V20120314 Republican leaders in the House of Representatives are ready to break a hard-fought budget deal with Democrats as they try to quell a revolt by conservatives who are insisting on deeper spending cuts ahead of the November elections. House Republican … Continue reading
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