Page 364 - Data Analysis News Today

The American economy continued to shed jobs in April due to thehousing market crash, but according to the Bureau of LaborStatistics' payroll survey, some sectors of the economy, such asthe service sector, increased employment.

The Index of Dependency plots the growth of federal programs thatsubstitute for similar initiatives at lower levels of governmentand civil society.  It increased during the 60s and 70s due tothe federal government's proliferation, and also since 1980 becauseof administrations' reluctance to reduce the federal government'ssize.

The "American Option," introduced by Senator Jim DeMint (R-SC),avoids the discredited Keynesian consumption-based stimulus andinstead follows the tried and true method of cutting taxes onbusinesses.

An economist breaks down the amount of money the average American has lost due to inflation.

A‌ccording to the 2015 Social Security Trustees Report, the Social ‌Security Disability Insurance (SSDI) Trust Fund is on course to run dry in 2016, six decades after the program began in 1956.[1] Absent reform, disability benefits will be cut across the board by almost 20 percent, and the average disabled worker’s benefit will fall below the federal poverty level.

Executive Summary: he top fifth of U.S. households perform a thirdof all labor, contain the best educated and most productiveworkers, provide a disproportionate share of the investment neededto create jobs and spur economic growth, and pay 82.5 percent offederal income taxes and two-thirds of federal taxes overall.Raising their taxes even higher would reduce economic growth,harming all Americans.

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Ford, General Motors, and Chrysler rely heavily on an economic impact study by the Center for Automotive Research (CAR) in making their case for a financial bailout. This report claims that the simultaneous failure of these three companies would result in a loss of 3.3 million jobs nationally in the same year as the company shutdowns.[1] However, this estimate is based on highly dubious assumptions.

Many Americans find the debate in Washington over adopting a "cap-and-trade" program to reduce carbon dioxide a bit confusing. That's understandable. Put simply, it's a tax on energy consumption. In fact, it would be a huge tax. If enacted, cap-and-trade would be one of the government's largest revenue sources within the next decade.

What history actually teaches us is that trying to predict the long-term consequences of changes between humans and their environment is a march of folly.