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The political culture of Washington, DC, can at times seem immune to budgetary responsibility. Programs that benefit small but well-connected constituencies are reliably created and expanded with minimal regard to public costs and benefits.
With a divided Congress, policymakers in both chambers have suggested an infrastructure package as an area of potential bipartisanship. If past is prologue, this should worry American taxpayers. The last $305 billion infrastructure bill signed into law by President Barack Obama in 2015 was fiscally irresponsible and failed to include any meaningful reforms to government-imposed barriers to infrastructure investment.
The May employment report shows that the labor market remains weak.
State Auditor Mike Harmon Releases Audit of Leslie County Fiscal Court,
Labor shortages continue to harm the U.S. economy, adding to ongoing inflation, increasing the risks of an economic down, and exacerbating the federal government’s irrefutably unsustainable fiscal outlook. This Backgrounder examines the current U.S. labor market by diving deeper into the employment trends among different groups of workers with data through March 2023.