Despite all his bluster, the “Trump Trade Deficit” widened to a new record in the third quarter of 2019. The non-oil merchandise trade deficit hit $1.047 trillion in the third quarter of 2019, in 2012 dollars (annual rate). That’s according to PPI calculations based on new data released by the Bureau of Economic Analysis on […]
The Director of PPI’s Center for Funding America’s Future, Ben Ritz, joined personal-finance advisor Ric Edelman on his nationally syndicated radio show to discuss the challenges facing Social Security, their role in the 2020 election, and PPI’s proposal to strengthen the program for future generations. Listen to the interview below and read our full plan […]
Many advocates of school choice have slammed Senator Elizabeth Warren for her new education plan, released last week. We have joined them, on Twitter. But few have pointed out the inconsistency between Warren’s embrace of competition in the rest of her plan—and in many of her economic plans—and her embrace of district monopolies in public […]
Americans are drowning in debt, both privately and collectively. Last summer, the national debt topped $22 trillion. On the private side, total U.S. household debt hit $13.6 trillion in 2019 – driven by higher student loan, credit card, mortgage, and auto loan debt.
This is the second in our series of posts on “The Next Ten Million Jobs,” the types of jobs being created between now and 2030, based on the latest BLS employment projections. In our first post we looked at the importance of healthcare and social assistance jobs for driving employment growth between now and 2030. […]
Those viewing and participating in the fourth Democratic debate should ignore the spin, and cut right to the chase. Trump’s Ukraine-gate outrages are about exactly the same thing Watergate was: A corrupt President of the United States illegally attempting to destroy the Democratic presidential candidate he most fears will beat him for re-election. Remember the […]
IRS Free File and VITA programs should be improved not discarded. According to the Internal Revenue Service (IRS), 90 percent of taxpayers hire paid tax preparers or utilize tax preparation software to file their taxes. For low-income families the cost of tax preparation can significantly reduce the value of their refunds. A 2016 study by […]