Daily Policy Digest
Economic Issues
| Diving Off the Fiscal Cliff Lifting marginal tax rates will cost the economy $2.20 in lost income for every $1 of new tax revenue... |
| Why Economic Backwardness Persists Many rulers around the world calculate that it is better to keep people in poverty than risk losing the privileges of political power... |
| Understanding Job Statistics Labor force participation (job seekers and the employed) has declined from 66 percent before the recession to 63.8 percent, says Robert McTeer, a distinguished fellow with the National Center for Policy Analysis... |
| A "Cliff" Deal Could Still Cost Consumers Billions The impact of the scheduled tax hikes and spending cuts under the "fiscal cliff" would take more than $600 billion from the economy... |
| How the Government's Unconstitutional Actions Hurt the 99 Percent Coercive government policies threaten to limit economic freedom, thereby increasing the power of political elites and hurting the poor and working classes... |
| Federal Housing Administration Nears Need for Taxpayer Funds The Federal Housing Administration is projected to need more money to pay off its projected losses than it has in its reserves... |
| Entrepreneurship Is a Key to Poverty Reduction Every 1 percentage point increase in entrepreneurship corresponds to a 2 percent decrease in the poverty rate... |
| U.S. Workers Endure "Lost Decade" of Declining Wages The median working-age man earns 4 percent less than he did in 1970 when adjusted for inflation... |
| Reducing Debt and Other Measures for Improving U.S. Competitiveness As the debt continues to increase, the government is forced to either increase taxes or make difficult spending cuts, or both... |
| Fiscal Health of States Shows Growing Divergence Ten states are expected to finish fiscal 2012 with surpluses of 10 percent or more; but states like California will likely end the fiscal year with a deficit... |
