What Happens When Unemployment Runs Dry?

[According to Forbes], short-term unemployment—six months or less—was 4.9% [in January 2013], [...] only 0.7% above the pre-recession rate. Long-term unemployment [...] is at 3%, which is three times higher than before the recession. The long-term unemployed make up 38% of all workers without jobs. This troubling [statistic] not only [affects] the societal safety net … Continue reading What Happens When Unemployment Runs Dry?

Is Entrepreneurship Dead in America?

Over 200 years ago, James Madison wrote, “[T]he greater proportion of citizens who are their own masters, the more free, the more independent, and the more happy must be society itself.” Entrepreneurship is a critical measurement of our country’s political vitality and our own personal liberties. The more independent citizens become, power and responsibility will … Continue reading Is Entrepreneurship Dead in America?

The Poor, the Elderly, the Disabled Stand to Lose the Most

More Americans used food stamps to buy their Thanksgiving dinner than any time in our history according to U.S. News & World Report. Forty-two million of us are on food stamps, and the food-stamp program (now called the Supplemental Nutrition Assistance Program, or "SNAP") cost the U.S. government $72 billion last year. This means one … Continue reading The Poor, the Elderly, the Disabled Stand to Lose the Most