Category Archives: Economics

Will the U.S. default on its debt?

President Obama recently made the statement, “Raising the debt ceiling… does not increase our debt.”  Thus began what has become perennial debate between the president and Congress about raising the debt ceiling. In his remarks, President Obama also said, “All [raising the debt ceiling] does is it says you got to pay the bills that…

What’s the alternative to Keynesian stimulus?

Stimulus spending DOES stimulate the economy (Write this down; Bob’s actually saying this), which is why the Democrats are constantly trumpeting it. Here’s the problem, though; it’s very hard to say that government stimulus actually stimulates the economy MORE than the alternative.

Liberals’ Demand Economics Don’t Work

Ronald Reagan once said, “It isn’t so much that liberals are ignorant. It’s just that they know so many things that aren’t so.” One of those things, recently, that liberals are increasingly espousing is demand economics. I’m hearing it more and more, from MSNBC liberals: “We have a demand problem, not a spending problem.” Why are liberals wrong about demand-side economics?

President Obama Obscures the Facts on Small Business

In his weekly address today, President Obama laid out what sounded like a very compelling argument for raising taxes. However, he was deliberately misleading about the impact of increasing taxes on small businesses.

The Fiscal Cliff: What Is It? How Does It Affect Me?

Now that the election is done, there has been a bunch of talk about how to fix the “fiscal cliff.” But few people actually know what the fiscal cliff is or how it would affect them.

Things That Won’t Work: Taxing the Rich

Last week, President Obama again suggested that his opponents in Congress are holding up economic progress because they won’t raise taxes on “the rich.” So, I decided to a do a little bit of math.

Do Republicans Have an Alternative to Obamacare?

With the Supreme Court likely to rule on the Affordable Care Act tomorrow, I’ve been thinking quite a bit about what will happen afterwards.

The Debt Precipice

I had a conversation yesterday morning with a group of conservative gentlemen who are very pessimistic about the future of the American experiment. They see our economy devolving into chaos soon. So I asked myself, Are they right?

Is the Middle Class Really In Trouble?

I’ve heard almost constantly from people on the left side of the political sphere that the middle class in the United States is in a crisis. President Obama and other Democrats have drawn an increasingly bleak picture of the outlook of the middle class. In 2009, President Obama stated that “middle class Americans have been working harder, yet not enjoying their fair share of the fruits of a growing economy.”

Building Wealth Requires Saving

There has been a lot of talk about economic growth over the past few months. Economic growth is one of the hot-button issues of the 2012 campaign. Each candidate would like to put in their two cents about what creates economic growth. Republicans like to say that they are the “pro-growth” party. President Obama likes to say that his policies have created some economic growth, and we need to re-elect him for all of the growth to be realized. But what really drives growth? Saving does. Saving drives economic growth. Yes, there are other things that are economic drivers, but saving is a huge economic driver.