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Stimulus Worked

June 20, 2012

In my post this week for US News & World Report, I highlighted Congressional Budget Office (CBO) Director Doug Elmendorf’s response at a...

If You Think Income Inequality Is High, You Should See Wealth Inequality

June 14, 2012

This week, the Federal Reserve made headlines for something other than monetary policy when it released its latest statistics on family income and wealth.  The headline finding:  U.S. families’ wealth dropped sharply between 2007 and 2010, especially among middle-class...

Yes, We Can Avoid Both a Recession and a Long-Term Debt Explosion

June 7, 2012

As my latest post for US News & World Report explains:

[T]he headlines generated by two recent Congressional Budget Office (CBO) reports could lead policymakers to think they are in a...

Understanding the "Fiscal Cliff"

June 4, 2012

We released a new analysis earlier today that sorts through some of the fears about what policymakers and pundits are calling the “fiscal cliff”:  the income and payroll tax cuts that will expire and the across-the-board spending cuts that will take effect — all around New Year’s Day.  Here’s the opening:...

Today's Jobs Report in Pictures

June 1, 2012

Today’s disappointing employment report shows that the labor market still has a long way to go to get back to full strength, with only 69,000 jobs created and an unemployment rate of 8.2 percent.

Below are some charts to show how the new figures look in historical context. Here is our...

Raze the Debt Ceiling

May 25, 2012

In my latest post for US News & World Report, I argue that dealing with the debt limit periodically is worse than a waste of time.

Policymakers who want to improve the country's economic and...

Today's Jobs Report in Pictures

May 4, 2012

Today's employment report shows that job growth in April was disappointing for the second straight month and that the economic cost in terms of fewer jobs, less income, and lower growth remains very high.

Below are some charts to show how the new figures look in historical context. Here is our...

Today's Jobs Report in Pictures

April 6, 2012

Today’s jobs report disappointed expectations with employers adding only 120,000 jobs in March. The unemployment rate edged down to 8.2 percent, but that decline reflected people leaving the labor force, not people finding jobs.

Below are some charts to show how the new figures look in historical context. Read our...

Myths on Spending, Debt, and Taxes Fuel Ryan Vision

April 5, 2012

In my latest post for US News & World Report, I identify three myths about spending, debt, and taxes that conservative politicians use to justify the plan of House Budget Committee Chairman Paul Ryan -- one that...

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