Economic Education
The State of America’s Private Sector 29: December, 2011
The U.S. Department of Commerce’s Bureau of Economic Analysis recently released their monthly personal income data for December, 2011 (pdf). The chart below shows the private sector share of personal income from January 1959 to December2011. For December, the private sector share of personal income was 70.88 percent. While the private sector continues to claw it’s way back [...]
“The Penny Plan” to Eliminate the Federal Deficit
photo credit: Robert Couse-Baker We all know that Uncle Sam’s trillion plus dollar budget deficits are unsustainable. Debt is now larger than Gross Domestic Product and we are well on our way to Greece-level debt (and that excludes our “off the book debt,” see sidebar for our true debt levels . . . around $77 [...]
Jon Stewart Nails TARP
I’m generally not a Jon Stewart fan, though I admit he can be very funny even when he doesn’t know what he is talking about. However, this one may just be his best ever as he exposes the dark side of the federal government’s role in the banking bailout. A must watch . . .
Unions Win: Right-to-Work Fails in New Hampshire
photo credit: pweiskel08 Just moments ago, the New Hampshire House attempted to override Gov. Lynch’s veto on Right-to-Work. Unfortunately, the veto override failed 240-139, a mere 14 votes shy of the needed two-thirds. However, the supermajority vote in the Senate and near-supermajority vote in House shows that there is very strong support in New Hampshire for [...]
Illinois Policymakers say: “The deal is, they take three months of grocery money in exchange for chips and a sandwich”
photo credit: Ewan-M In a saga that falls into the category, “you just can’t make this stuff up” . . . Illinois policymakers recently enacted one of, if not the largest, tax hike in state history only to find themselves faced with threats of companies leaving the state. The response, give away special tax breaks [...]
The State of America’s Private Sector 28: October, 2011
The U.S. Department of Commerce’s Bureau of Economic Analysis recently released their monthly personal income data for October, 2011 (pdf). The chart below shows the private sector share of personal income from January 1959 to October 2011. For October, the private sector share of personal income was 70.8 percent. While a tad higher than September, it’s only because [...]
What do the Tea Party and the Local Food Movement Have in Common?
photo credit: Fibonacci Blue The fight against excessive government regulation! From the Maine Tea Party: On Wednesday, November 9, Dan Brown, owner of Gravelwood Farm in Blue Hill, Maine, was served notice that he is being sued by the State of Maine for selling food and milk without State licenses. Blue Hill is one of five [...]
Making the Occupy People Go Away
As I sat reading the latest Economist magazine and all of the injustices spouted off by the Occupy folks, I wondered if we all are as helpless as they portray us to be. In their worldview, we are all pawns of the “wealthiest 1 percent.” Sorry, but I don’t believe that. We (the collective “we”) [...]
The State of America’s Private Sector 27: September, 2011
The U.S. Department of Commerce’s Bureau of Economic Analysis released their monthly personal income data for September 2011 (pdf). The chart below shows the private sector share of personal income from January 1959 to September 2011. For September, the private sector share of personal income was 70.8 percent–up 0.04 percentage points from August (which was revised upward slightly). [...]
Oklahoma’s Improved Economic Performance Suggests Right to Work Is Working
My latest study for the Oklahoma Council of Public Affairs finds that critics of Oklahoma’s right-to-work law are wrong. From the study: On September 25, 2001, Oklahoma voters went to the polls and passed a constitutional amendment—Right to Work (RTW)—which gave workers the choice to join or financially support a union. This made Oklahoma the [...]
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