The Congressional Budget Office’s menu of defense cuts

Cutting defense to fund other spending priorities is not destiny; it’s a choice. The active judgment to cut defense has had manifest and deadly consequences after every single downturn. No amount of reform, efficiencies, innovation, ....

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One idea America should steal from China: A national economic growth goal

Chinese President Xi Jinping recently set a goal of doubling the size of China’s economy by 2035. To hit that target, the Financial Times calculates, the Chinese economy must generate average annual GDP growth of ....

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Yes, a $15 minimum wage everywhere in America really is a risky idea

What is populism? One way to define it is by referring to various policy views frequently associated with it, such as opposition to immigration and free trade. A deeper and more philosophical approach might define ....

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Can America grow faster? We do so many things wrong, it sure seems like it should be possible.

Even before the COVID-19 pandemic, the long-term economic outlook for the American economy was unimpressive. Maybe not by, say, European standards, but certainly by historical American standards. The CBO’s pre-pandemic forecast from June 2019 saw ....

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Is America going to settle for slow economic growth? Too many of us might be OK with that.

Just before Independence Day, the Congressional Budget Office released its updated 10-year economic forecast. Basically, it shows a 5 percent bump in real GDP next year before settling into 2 percent growth mode for the ....

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