The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 after the economy is finished overheating from the continued, elevated inflation, consumers max out on credit and spending falls off a cliff.
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President Trump’s 2019 Shutdown Minimizes the Impact on Citizens, Where President Obama’s Maximized the Impact in 2013
by Molly Prince Services typically suspended during government shutdowns have continued to operate under the Trump administration, with insiders pointing to acting Office of Management and Budget Director Russell Vought (pictured above) as the reason why. Agencies impacted by government shutdowns are forced to severely cut back on operations, suspend…
Read MoreThree Common Ways Governments Misuse Statistics and What You Can Do About It
by Andrew Berryhill Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: “The constant supply of data produced by think tanks, government agencies, independent researchers, academics and…
Read MoreTrump Taps Kraninger for Consumer Protection Post
President Donald Trump plans to nominate Kathy Kraninger, associate director of the Office of Management and Budget, to head the Consumer Financial Protection Bureau, which seeks to prevent financial abuses to consumers. In a statement Saturday, the White House said Kraninger would continue the efforts of the current CFPB chief,…
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