“Economic policy” on The Daily Caller

WASHINGTON (AP) — A Hispanic-American U.S. senator from Florida who’s considered a rising star in the Republican Party says too much is being made of the significance of immigration to his community. (more)

House Budget Committee Chairman Paul Ryan challenged Federal Reserve Chairman Ben Bernanke’s policy of so-called quantitative easing – the printing of new U.S. dollars to buy government debt – and raised concerns that a weakened dollar and inflation could cause the loss of the currency’s global reserve status. (more)

The month of January is almost gone, and with it more than a few Americans’ New Year’s resolutions to live healthier lifestyles through diet and exercise. Regrettable as this may be, newly-elected leaders face a different set of resolutions that they must make and cannot afford to break. Namely, they must resolve to live healthier financial lifestyles by consuming fewer tax dollars and more actively pursuing budget reform to address government’s growing waistline before it’s too late. (more)

A top official at the U.S. Chamber of Commerce said Thursday that the nation’s largest business lobby would support eliminating most of the tax loopholes obtained by large corporations to move toward comprehensive tax reform that resulted in lower rates. (more)

What a difference a year makes. In January 2010, we worried about the possibility of a double-dip recession. Today, the state of American business and our economy have improved. This is due to both the impressive resilience of our economy and the enactment of the tax relief package late last month. For these reasons, the U.S. Chamber projects that the economy will grow by 3.2% overall next year, picking up steam as the year progresses. (more)

As our country weathers one of the worst economic recessions in its history, the tax debate in Congress continues. The outcome of these negotiations will have huge consequences for the coming year. To see why this debate is so important, we need only look to Puerto Rico to appreciate the effects of both good and bad tax policy. (more)

The incoming House Budget Committee chairman said Sunday that Republicans are going to get to work cutting spending in order to cut the deficit in the next Congress. (more)

President Obama created the Bowles-Simpson deficit reduction panel to devise a plan to deal with America’s disastrous fiscal situation. This is a difficult, largely thankless, and absolutely necessary task.  We face two options: Either we effect a major course correction before a fiscal crisis besets the nation or we endure such a crisis. Obviously, before is better. (more)

While Americans are unhappy with the level of government spending, a new poll shows that recipients of popular and expensive programs don’t want their benefits cut and highlights the problems that lawmakers are facing in reducing the deficit. (more)

A rift has emerged within the Democratic Party between liberal economists, who generally view the 2009 stimulus package as a success and say that Keynesian economics should remain the heart of the party’s economic policy, and elected officials, who in growing numbers have shunned affiliation with the $787 billion effort and are expressing doubts about the effectiveness of fiscal intervention. (more)

Basic government spending rose by 9 percent in fiscal 2010, driving the country to a $1.291 trillion deficit down $125 billion from 2009, but still the second-largest hole on record, the Congressional Budget Office said Thursday. (more)

The National Taxpayer Union released a letter Wednesday signed by more than 300 economists in support of a permanent extension of the Bush-era tax cuts, saying that failure to do so  “would constitute a profound and damaging ‘anti-stimulus’ that would harm our prospects for expansion in the near future.” (more)

Investors will face defaults on government bonds given the burden of aging populations and the difficulty of securing more tax revenue, according to Morgan Stanley. (more)

Guess what? The Washington Post says Obama advisors are looking to Ronald Reagan for “comparison and inspiration.” The Post says both presidents had “big and bold plans–Reagan with massive tax cuts, Obama with a massive stimulus package and national health care. Reagan’s goal was to shrink government. Obama’s efforts have enlarged government.” (more)

Congress’s hot August recess has begun with rhetoric to match, with Democrats pummeling Republicans for wanting to trim Social Security, and Republicans hammering Democrats for favoring tax increases. (more)

Last Friday while speaking at the University of Nevada, Las Vegas about the economy, President Obama said: (more)

The nation’s debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. (more)

When it comes to government spending, “stimulus” apparently means never having to say “enough.” (more)

The nation’s debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history, and it comes at a time when Congress is balking over higher spending and debt has become a key policy battleground. (more)

Fed Chairman Ben Bernanke told the House Budget Committee that a continued increase in consumer spending and business investment should make up for a fading government stimulus in lifting the economy. (more)