Jia Liu, PhD – Research Fellow Wednesday, May 18, 2016 Daily Economy
When governments spend more money than they bring in, they create budget deficits. When deficits accumulate as time goes by, governments incur debt. The U.S. federal government debt as of today is about $19.3 trillion, which, to put it in perspective, equals about 105 percent of the previous 12-month GDP.
From 1966 to 2015, an average deficit of 2.8 percent of GDP was added to the national debt each year, according to the Congressional Budget Office (CBO). The CBO also projects the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade if [...]
Poverty in America: Overcoming Economic and Social CrisesDecember 7, 2015
1 0 Google +0Looking at poverty in the American continent is essential to better understand how the former colonies have evolved into radically different countries. Country by country, analyzing the social and economic paths taken, we can see the effects of discrimination, land ownership, wealth distribution & corruption.
If you want to read more on the origins of the huge wealth differences between North America and South America, we recommend the article on the causes of poverty.USEFUL LINKS Poverty in Brazil Poverty in Cuba Poverty in Haiti Poverty in [...]
By Stephen Moore June 25, 2003 Subcommittee on Human Rights and Wellness Committee on Government Reform United States House of Representatives
Thank you Chairman Burton for the opportunity to testify on the pharmaceutical industry in the United States. In keeping with the Truth in Testimony law, I wish to declare that neither the Cato Institute nor I receive any government funds, nor are we seeking any.
Why is it that when it comes to medical care in this country, policy makers in Washington almost always abandon sound economic principles that we know work to create wealth and [...]