By James D. Agresti February 4, 2013 In the wake of stunning news that the U.S. economy shrunk by 0.1% in the last quarter of 2012, prominent media outlets and…

…billion. Conversely, the authors of a 2013 paper in the Journal of Economic Growth conducted a study that found the effects of federal regulations on the U.S. economy have been…

…following the collapse of the housing bubble. No responsible newspaper would discuss this as a problem of the budget as opposed to a problem with a horribly underemployed economy. As…

…stimulate the economy. Yet, as detailed below, even though such spending quickly rose to record levels, the economy has been burdened with high unemployment for more than four years since…

…that would speed recovery, but in 2012, government was still consuming 9% more of the U.S. economy than in 2007, and the economy was still sputtering. From a long-term perspective,…

…local—now consumes a larger portion of the economy or a smaller portion of the economy than it did 10 years ago? Correct Answer: A larger portion. Since 2009, combined government…

…investing ever written.”) While these tax-avoidance strategies may have helped Buffett, creditable sources explain how such logical reactions to taxes can harm the economy. For example: [I]t is marginal tax…

…an economy is bouncing back from a deep slump.” (Hat tip: Larry Elder) Given the size and sophistication of the U.S. economy, the reasons for the current economic weakness entail…

…oath” to “meet the challenges we faced,” the economy was “shrinking at more than eight percent,” but now “eight years later” it is “growing at more than three percent.” In…

By James D. Agresti May 3, 2016 In his annual letter to the shareholders of Berkshire Hathaway, Warren Buffett—the world’s third richest person—remarked on the state of the U.S. economy…

…unavoidable” in order to save the economy. He also noted that the “large firms that the government is now compelled to support to preserve financial stability were among the greatest…

…police. incite class warfare. stagnate the economy. slander the United States. sow racial animosity. empower criminals by disarming their victims. cover up corruption and fraud. harm the nation’s education system….

…income include the destruction of 1.4 million jobs, a slight decline in the overall economy, increased inflation, more government debt, and greater burdens on taxpayers. CBO is clear that minimum…

…that speech, the national debt was $8.3 trillion or 61% of the nation’s economy. The national debt now stands at $17.5 trillion or 102% of the economy. Hence, even after…

…the national debt as a portion of the nation’s economy or gross domestic product (GDP). This is a more moderate gauge of debt in modern times, because GDP has grown…

…this imposes “some cost on the economy, if nothing else by causing a diversion of resources away from productive activities into tax avoidance and evasion.” Krugman’s portrayal of this issue…

…50 percent between 2010 and 2013.” “solar power is now competitive with other energy sources in many markets.” solar energy is a “ray of sunshine for the U.S. economy.” This…

…5 years, which has grown at a faster rate, the U.S. economy or the national debt? (Correct answer given by 87% of all voters.) In 1960, governments paid for 24%…

…portion of the nation’s economy, federal taxes and spending rose steeply between 1930 and World War II. Since then, taxes have risen slightly, but spending has risen more. The vast…

…which consumes an ever-growing share of people’s incomes over time. That’s why despite the passage of numerous “tax cuts,” the portion of the U.S. economy consumed by federal taxes has…

…of the institutions supporting economic activity.” “if an economy has a very efficient judicial system, clear property rights, and an effective government, the result will be a higher total wealth….”…

…the economy would have taken in the absence of the law.” In plain language, there are numerous variables that affect the economy, and there is no factual way to isolate…

…size of the U.S. economy. 29 times annual federal revenues. 91% of the combined net worth of all U.S. households and nonprofit organizations, including all assets in savings, real estate,…

…take from growth, it adds to growth. Earned sick leave gives workers a lot more confidence and adds to their participation in the economy. Those claims are naive and potentially…

…spending are largely to blame. Contradicting those claims, the share of the U.S. economy collected in federal taxes has been roughly level for 80+ years, and military spending has plummeted…

…out to be. The deficits of recent years have been the largest in modern history, peaking at 10.1% of the entire nation’s economy (GDP) in 2009. For context, the 2009…

…of Republican voters, 79% of third-party voters, and 67% of undecided voters. Question 6: Over the past five years, which has grown at a faster rate, the U.S. economy or…

…five years, which has grown at a faster rate, the U.S. economy or the national debt? Correct Answer: The national debt. Over the past five years, the national debt grew…

…large debt doesn’t necessarily strangle an economy.” What Lauter and the others neglect to mention is that the debt from World War II (1941-1945) was fleeting because it was quickly…

…week: For the first time in 40 years, the government sector of the American economy has shrunk during the first three years of a presidential administration. Spending by the federal…

…no single measure accounts for every relevant aspect of it, but the ratio of gross national debt to the size of the U.S. economy (GDP) is a logical and evenhanded…

…unemployment rate has been twice that of the white rate….” This, he says, is an example of the “systemic racial injustice embedded in the economy.” Yet, data cited by Democratic…

…on an economy. However, a broad range of evidence indicates that excessive government debt can cause far-reaching negative outcomes, such as lower wages, weak economic growth, increased inflation, higher taxes,…

…the economy. Thus, overreacting can ultimately kill more people than are saved. The same applies to people who are flooding supermarkets to stockpile food, toilet paper, and other supplies. In…

…future officeholders and younger generations of Americans. The Debt Situation Economists typically measure each country’s national debt as a portion of its economy because this provides a good indicator of…

…than their Democratic counterparts. However, it is flagrantly deceitful to report that Republican states “peddle denial,” put “the economy over health,” or failed “the Covid-19 test,” when in fact, their…

…raising the debt limit wouldn’t cause a debt default unless the president violates the law and Constitution. 45: Picking Crops CNN’s Catherine Rampell reported that it “will worsen the economy”…

…far exceeds all that the Government could have done. Although federal, state, and local governments consume about 33.5% of the U.S. economy—at an average cost of $54,000 per year to…

…the Washington Post). sagging economic growth (Reuters & Yahoo Finance). “a lot of the problems with the economy” (CNN). While the Delta variant is much more transmissible than earlier SARS-CoV-2…

…in the United States, governments, scientists, and scholars often obtain such data through scientific surveys. This is true of frequently quoted government data on crime, education, employment, the economy, and…

…news stories that blame the debt on tax cuts. In reality, federal revenues have stayed at a roughly level portion of the U.S. economy for the past 80 years: As…

…million illegal immigrants worked “in the underground economy” during 2010. In 2016, the IRS reported that 63% of income not reported to the IRS by third parties (like employers) is…