PolicyBytes

Higher wages are nice, but not when it costs you your job.

The country has experienced three recessions in the past 30 years, and in each instance, median household income began to decline about a year to 18 months prior to the start of a recession. A 2013 report showing how median household income began to again decline hints that a recession may be around the corner.

A president’s last State of the Union Address is often about defending his legacy. And he will have to because no one else will.

The U.S. is approaching what economists call "full employment," in which everyone who wants a job can find one.  So why are so many people unemployed and desperate for work? 

Future Social Security and Medicare benefits can't be counted as part of seniors' wealth because they don't own those accounts.  But if seniors did own them, they wouldn't just be "counted" as wealthy, they would be wealthy.

Maine Governor Paul LePage wants to make the food stamp program more of a safety net and less of a hammock. Former Texas Senator Phil Gramm would have agreed.

The Clintons tried to put every American in an HMO and the public soundly rejected that attempt by voting Democrats in 1994; Obama is succeeding where the Clintons failed and the public is punishing Democrats for it.

Will one socialist learn from another socialist about marginal tax rates? Probably not.

Minimum wage increases, like welfare benefits, expand the entitlement mentality.

The budget deal perpetuates the Social Security trust fund fiction by borrowing from one trust fund that has loaned its assets for IOUs to save another trust fund which has spent its IOUs.