Category Archives: Fiscal Policy

Why This Recovery is So Lousy

Don’t believe the line that slow growth is inevitable after financial crises. Bad policies yield bad results. PHIL GRAMM and MICHAEL SOLON August 4, 2016 Donald Trump has been criticized by Democrats and Republicans alike for saying that “the American dream is dead.” But instead of slaying the messenger, critics on both...
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How Obama Transformed America

His progressive legacy won’t last because he passed vague laws and abused his executive power to impose policies that are unpopular. By: PHIL GRAMM Aug. 23, 2015 6:03 p.m. ET How did Barack Obama join Franklin Roosevelt and Ronald Reagan to become one of the three most transformative presidents in the...
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What’s Wrong With the Golden Goose?

Secular stagnation’ isn’t to blame for lousy U.S. growth rates. Obama’s higher taxes and regulatory assault are. By, PHIL GRAMM April 20, 2015 8:17 p.m. ET Since the Obama recovery began in the second quarter of 2009, public and private projections of economic growth have consistently overestimated actual performance. Six years...
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What Democrats and the CBO Don’t Get

The numbers reveal that a robust economy, not higher taxes, is the most reliable way to increase federal revenue. By Michael Solon Feb. 2, 2015 7:37 p.m. ET The recent rule change by House Republicans to incorporate the macroeconomic impact of major legislation into official budget estimates—“dynamic scoring”—has triggered heated...
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