CBO Reports on Bonus Unemployment Benefit

One provision of the aforementioned CARES Act that struck me as counterintuitive to expediting the economic recovery from the impact of the coronavirus pandemic was the payment of an additional $600 weekly to the unemployed. Although the additional funds are not authorized beyond July 31, 2020, some in the House of Representatives want to extend…

Read More »

“Raise The Wage” Will Cost 1.3 Million Jobs

Just last week, we advised of a study by the left-leaning UCal Berkeley Institute for Research on Labor and Employment that concluded raising the federal minimum wage by more than 100% over a five year span would not negatively impact employment. Well, this week the non-partisan Congressional Budget Office (CBO) sprinkled a little bit of…

Read More »

An Expensive Minimum Wage

The push to increase minimum wages – at the federal as well as local and state levels – has always begged the question as to the cost in economic terms of mandating increases. Well, it appears that the Congressional Budget Office has answered the question – $48 billion per year – at least as relates…

Read More »

US Deficit Heading to $590 Billion!

When you consider the costs associated with the prior paragraph, is it any wonder why the US government is so deeply in debt? In a report just released last month, the CBO (Congressional Budget Office) projects that the Budget Deficit for 2016 will reach an astounding $590 billion, a full third larger than it was…

Read More »