U.S. Economic Situation — August 2022 The shutdown recession from February to April 2020 and subsequent government failures have caused substantial harm to Americans’ livelihoods, which include high inflation and a recession. One policy mistake was Congress adding more than $6.1 trillion in deficit spending since January 2020 to reach the new high of $30.6...
Current safety-net programs too often discourage recipients from achieving long-term self-sufficiency, but a new holistic approach called empowerment accounts would help recipients achieve this with existing resources. Key points Government safety-net programs too often encourage work-capable recipients to remain dependent upon them, harming the very people they are supposed to help. Previous policy solutions to...
Colleges need to be accredited for their students to receive federal financial aid, but there is growing evidence that the quality of accreditors varies considerably. States should encourage their colleges to use high quality accreditors and discourage or prevent them from using low quality accreditors. Key Points Accreditors play a key role in determining whether...