The Congressional Budget Office just released the 2015 version of its Budget and Economic Outlook. The really important development was that CBO confirmed its pessimistic view of the future of the U.S. economy, pegging the long-run growth potential at 2.2 percent.
Imagine if a simple, free, government initiative could noticeably raise almost everyone's standard of living, at essentially no cost to anybody... and reduce the federal deficit at the same time. It's called the ShopAmerica Gift Card and here's how it would work.
I have previously written on the need for alimony reform. California law affecting what we call "spousal support" creates a situation where the supported spouse has, in many cases, little if any incentive to work.
The Johnson administration was looking for a pretext to escalate the war. "We don't know what happened," National Security Adviser Walter W. Rostow told the president after Congress passed the resolution, "but it had the desired result."
As our economy exceeds the capacity of the planet to sustain us and future generations, we need to monitor the size of our economy more closely than ever. And there is no better measurement of the size of our economy than GDP.
Politically the moral leadership of the pope is bad news for those Republicans, conservatives, Tea Party advocates and libertarians who politically worship at the altar of the unbridled and unregulated excesses of capitalism that Francis deplores.