This week, Mercatus Center Senior Research Fellow Veronique de Rugy examines the composition of the debt and the significance of each of its components.
Since January 2009, employment has decreased in the private sector at an average rate of 0.3% each month; this is 6 times faster than employment decreased in government.
Mercatus Center Senior Research Fellow Veronique de Rugy suggests that in order for America’s fiscal issues to be seriously addressed, broader measures than those discussed in the president's State of the Union address will be required.
Using data from the Obama administration’s website Recovery.gov and the Bureau of Labor Statistics, this chart shows the month-over-month changes in the number of unemployed workers and members of the civilian labor force in tandem with the administration’s stimulus spending.
Consumers’ out-of pocket spending on healthcare has decreased steadily as a percentage of the United States’ overall healthcare spending since the passage of Medicare in 1965 from its peak of 43% in 1965.
Research by Mercatus Center Senior Research Fellow Veronique de Rugy examines a state’s unemployment at the time ARRA was passed and the stimulus funds that each state has received – there is no correlation between the two variables.
Our nation is facing a budget crisis at both the state and federal levels. The federal government’s budget deficit reached $389 billion through the first three months of fiscal 2010 and states are expected to face cumulative budget shortfalls of $193 billion for fiscal year 2010.