When the American Recovery and Reinvestment Act was signed on February 13, 2009, it became the biggest spending bill in the history of the country, says Veronique de Rugy, a senior research fellow at the Mercatus Center at George Mason University.
The stimulus was divided into three main pieces: $288
Here is an idea that should receive support from just about everyone: the taxpayer savings account (TSA). Instead of the current withholding system, amounts withheld from your pay check would go into a segregated account that you own. Interest that accumulates would be yours to keep, instead of accruing to
The measure of success of the General Motors (GM) bailout should not be how fast GM emerged from bankruptcy, but the degree to which contracts are honoured in an impartial process. By this measure, the bailout/takeover is a complete failure, says John Berlau, director of the Center for Investors and
Since the mid-1970s, the U.S. government has maintained programs to benefit certain developing countries and aid their development through preferential access to the U.S. market. American companies can import products from beneficiary countries (i.e., those eligible for the special treatment afforded by the programs) at a lower or zero rate
The U.S. national debt currently stands at 62 per cent of gross domestic product (GDP) its highest level since WWII. Under plausible assumptions, this ratio will rise to at least 80 per cent and possibly 185 per cent of GDP by 2035 and continue increasing thereafter. As the debt
