Income, Poverty, Spending and Obamacare: Our regular update of the statistical record.
House Speaker John Boehner tweets that the Obama administration is spending $1.2 million “paying people to play video games.” That’s misleading. The government did pay $1.2 million for university research […]
Sen. Harry Reid was doubly wrong when he claimed that Congress already has cut $2.6 trillion from projected future deficits by reducing “non-defense programs” alone. In fact, legislation he refers […]
Using a more accurate cost-of-living adjustment for federal benefit payments and tax brackets would cut the federal deficit by perhaps $300 billion over the next 10 years. But it faces opposition from both right and left. Economists generally agree …
The U.S. faces the possibility of another recession — the third in 11 years — if President Obama and Congress cannot find a way to avoid the so-called fiscal cliff. The one-two combination of massive tax increases and spending cuts …
In press conferences on the so-called fiscal cliff, House Speaker John Boehner greatly exaggerated the negative effect on the economy of raising taxes on upper-income individuals. Boehner erred when he […]