The Obama "Recovery": Home Ownership Fell Again in 2014
In our Liberty Update this week, we highlight two panoramic measures of the Obama Administration's failed presidency: the long-term plummet in U.S. economic freedom compared to the rest of the world, and the fact that more Americans today than in January 2009 consider the U.S. a nation in decline. That wasn't supposed to happen under Obama's magical leadership.
Today, the Commerce Department released a more particularized measure of the Obama Administration's failure:
The U.S. home ownership rate fell to its lowest level in 20 years at the end of 2014 - a level last seen when national leaders embarked on a broad push to expand home ownership in the mid-1990s. Estimates published Thursday show that, after adjusting for seasonal factors, 63.9% of U.S. households owned their homes in…[more]
Indiana Republican Governor Mike Pence says his plan to use ObamaCare’s Medicaid dollars to expand his state’s health savings account program won’t create a new open-ended entitlement.
Before considering Pence’s arguments, it’s important to understand how ObamaCare changes Medicaid.
If states expand Medicaid eligibility to people making up to 138 percent of the federal poverty line (FPL), ObamaCare will pay 100 percent of the costs for covering the “new-eligibles.” After three years, the federal government will pay for 90 percent. In light of this, 26…
"While the prospects for tax reform in Washington are dim, as many as 20 Republican governors are moving forward with their own pro-growth tax-relief initiatives. This is on top of the 14 states, including Florida, Michigan, Ohio and Wisconsin, whose 2014 tax cuts will take effect this year. ...Texas is the model for many Republican governors. According to the Bureau of Labor Statistics, from December…[more]
—Stephen Moore, Heritage Foundation Chief Economist, Writing in The Wall Street Journal
— Stephen Moore, Heritage Foundation Chief Economist, Writing in The Wall Street Journal