On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

Breaking windows will stimulate the economy, according to a leading public pension advocacy group. Skeptical? The National Institute on Retirement Security (NIRS) has not literally endorsed breaking windows, but a report recently published by the organization relies on the same economic fallacy.According to NIRS-whose membership consists principally of...

Supercommittee Republicans offered a plan to eliminate tax preferences and reduce tax rates, as in the 1986 bipartisan tax reform. They argued that high tax rates would squelch economic growth.  They didn't make the case that their proposals would also address income inequality. But Paul Ryan, in a paper based largely on a CBO analysis of income trends between 1979 and 2007, has done so.

Higher tax rates on high earners, even if they produce less revenue, are an attempt to centralize power in government and to limit the autonomy and countervailing power of individuals in the voluntary sector. Which is why the liberal bloggers cheer them on.

Every serious study of U.S. infrastructure has reached the same conclusion: More investment is needed -- and fast. But with Sen. Jeff Bingaman's amendment to the highway reauthorization bill, the Senate effectively penalizes states for using innovative infrastructure financing.

It is all too clear that the holiday's diversion of general revenue from the Social Security trust fund has undermined historical practices and distorted federal budgetary priorities.

New data show that health spending over the past several years has been normalizing toward the rate of general inflation, rather than growing higher and higher, as had been the case almost continuously since the 1970s.

Joesph Antos' statement on premium support for Medicare before the House Committee on Ways and Means' Subcommittee on Health