Paul Ryan may not have intended it, but his 2013 budget is the strongest argument I’ve seen for why any serious fiscal plan must include new revenues.
Community parks and programs are an almost unlimited source of entertainment, at little to no cost.
Throughout his political career, Mitt Romney has relied on the ability to ignore past platforms and start fresh from campaign to campaign. But in the video age, the past is harder to erase.
Initial jobless claims declined to 348,000 claims from last week’s revised 353,000 claims, while continued claims declined by 9,000 resulting in an 'insured' unemployment rate of 2.6 percent
Single family home sales declined 1.0 percent from January but rose 9.4 percent above the level seen in February 2011.
In economic policy debates, lawmakers have to be very careful about the language they choose.
Republicans call Obama an unrepentant tax raiser. The president calls himself a responsible tax cutter who only raises taxes on the rich. Both sides have a point.
The real contrast in Paul Ryan's budget is over what the plan does for the rich and what it does to everyone else. It reduces the top individual and corporate tax rates to 25 percent. This would give the wealthiest Americans an average tax cut of at least $150,000 a year. The money would come out of programs for the elderly, lower-middle families, and the poor.
The average rate for a 30 year fixed rate mortgage jumped 12 basis points to 4.06 percent since last week, while the purchase application volume declined 1.0 percent and the refinance application dropped 9.3 percent over the same period.
Although existing home sales dipped last month, foreign buyers are snapping up US homes. In some markets, they may be putting an end to the downturn in existing home sales.