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December 21, 2011 | By John Irons | Economic SnapshotClick on each chart to enlarge Unemployment Job-seekers ratio There are currently more than four unemployed persons for every job opening.
November 22, 2011 | By John Irons | BlogYesterday, the congressional supercommittee announced that it failed to come to an agreement to reduce the deficit by at least $1.2 trillion over 10 years.
November 17, 2011 | By John Irons | TestimonyWritten testimony prepared by Andrew Fieldhouse, Ethan Pollack, and Rebecca Thiess Wednesday 11:00 a.m., November 16, 2011: Rayburn House Office Building Introduction The U.
November 15, 2011 | By John Irons | BlogAs the deadline looms for the supercommittee to report back to Congress, some have raised the specter that “failure” would lead to a collapse in financial markets.
November 8, 2011 | By John Irons | BlogThe Washington Post‘s Ezra Klein with a useful observation… Just a reminder: The market will literally pay us to borrow money from them for 5, 7 or 10 years.
November 3, 2011 | By John Irons | BlogIn a blog post yesterday, Paul Krugman again noted that the growth in income inequality is not all about education. He pointed to two different charts to illustrate: one showing the growth of the top 1 percent relative to other income groups and a second with wage growth by education levels.
November 2, 2011 | By John Irons | Analysis and OpinionYou can call it 9-9-9, the Rick Perry two-step, or a national sales tax. But the various flat tax plans being proposed by Republican candidates, right-wing think tanks, and media commentators share some common characteristics that should worry most middle-class Americans.
October 21, 2011 | By John Irons | BlogMacroeconomic Advisers has a new analysis of the Republican alternative to the American Jobs Act. Bottom line job impact through 2013: Obama’s American Jobs Act: +1.3 million Republican’s Jobs through Growth Act: zero (or worse).
October 12, 2011 | By John Irons | TestimonyWritten testimony submitted to the U.S. House of Representatives Committee on Energy and Commerce, Subcommittee on Commerce, Manufacturing and Trade and Subcommittee on Health Wednesday, October 12, 2011 Summary The Interagency Working Group (IWG) on Food Marketed to Children is developing guidelines with the dual “goal of improving children’s diets and addressing the high rates of childhood obesity.” The proposed guidelines are voluntary, and thus there is no automatic reduction in advertising as a result of the guidelines.
October 11, 2011 | By John Irons | Issue BriefSee also John Irons’ congressional testimony, Food Marketing: Can ‘Voluntary’ Government Restrictions Improve Children’s Health? The Interagency Working Group on Food Marketed to Children—consisting of the Federal Trade Commission, the Food and Drug Administration, the U.S.
September 23, 2011 | By John Irons | BlogUPDATE 9/26: Looks like the TPC has “retracted” the estimates below citing an error “which involved rollover distributions from 401(k)s and similar retirement plans, caused us to significantly overstate the income of some high-income taxpayers and thus understate the tax rates they paid.” I don’t know how much of a difference this will make, but I suspect that the overall distribution will only be moderately effected, and only at the very top.
September 21, 2011 | By John Irons | BlogRepublican leaders in Congress are trying to push the Federal Reserve towards inaction (and simultaneously demonstrating why the Fed was designed to be somewhat independent from Congress) via a stern letter to Chairman Ben Bernanke and the rest of the Federal Open Market Committee.
September 15, 2011 | By John Irons | BlogWe know that children are disproportionally impacted by unemployment and underemployment. EPI has already looked at the total number of children who live in families with at least one unemployed or underemployed parent ( see this snapshot, or this paper).
September 8, 2011 | By John Irons | BlogTonight, President Obama outlined a set of measures that would create jobs. Here’s a quick look at the impact on employment over the next couple of years.
President’s new initiatives could boost employment by more than one million, on top of impact from extensions of temporary provisions
September 8, 2011 | By John Irons | BlogStill waiting for details, but the outline of the President’s Jobs plan is beginning to take shape: Obama jobs plan could cost $300 billion, include tax cuts, new spending – The Washington Post […] According to sources with knowledge of White House deliberations, Obama’s plan may consist of spending on programs to extend aid to state and local governments to retain teachers and rehabilitate school buildings, as well as put construction crews to work retrofitting commercial buildings to make them more environmentally friendly.
September 7, 2011 | By John Irons | BlogPresident Obama is scheduled to propose a set of job-creation proposals before a joint session of Congress on Thursday. Details have yet to be released, but it looks like the package will include a continuation of some policies — such as the expanded unemployment insurance benefits, and the payroll tax holiday — and some new initiatives such as school construction and expanded investments in infrastructure.
August 1, 2011 | By John Irons | Analysis and OpinionThe unemployment rate, currently above 9 percent, is projected to remain high for a long time. For example, the current Blue Chip Economic Indicators consensus forecast puts the average unemployment rate for 2012 at 8.3 percent.
June 24, 2011 | By John Irons | Analysis and OpinionIt has been widely reported that House Republican leader Eric Cantor and Republican Senator Jon Kyl have walked out of the budget negotiations led by Vice President Biden.
April 5, 2011 | By John Irons | Quick TakesThe Chairman of the House Committee on the Budget, Republican Paul Ryan, released a proposed budget for fiscal year 2012 that rehashes failed economic thinking and the standard wish-list of right-wing policies.
February 17, 2011 | By John Irons | Analysis and OpinionIn a letter to Republican House leaders, EPI’s Research and Policy Director John Irons defends the science used to project that widespread job loss would result from proposed cuts in domestic spending.
February 14, 2011 | By John Irons | Analysis and OpinionPresident Obama today released his administration’s proposed budget for fiscal year 2012. The president’s top economic priority should be job creation, but the proposed budget does too little and turns too quickly toward deficit reduction.
December 1, 2010 | By John Irons | Analysis and OpinionToday, the co-chairs of the National Commission on Fiscal Responsibility and Reform presented a revised version of their plan, but also announced that a final vote would be delayed until later this week.
November 10, 2010 | By John Irons | StatementToday the National Commission on Fiscal Responsibility and Reform released a preliminary proposal as devised by co-chairs Alan Simpson and Erskine Bowles.