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Gene Epstein, Barron's As Republican chairman of the House Budget Committee, Paul Ryan has been prominent in budget battles with the White House. This has made him a national figure, even earning him a spot on Barron's cover in a mud-slinging contest with the president ("Grow Up, Guys!" May 2, 2011). That story proved more prescient than we anticipated. In naming the seven-term Wisconsin congressman as his vice-presidential running mate, presumptive presidential nominee Mitt Romney has placed in much bolder relief his campaign's position on the federal budget. Budgets, remember, consist of two halves: revenue and outlays. While Ryan and Romney have had similar plans for the revenue side of the ledger—both have advocated an extension of the Bush tax cuts—the spending side is where Ryan's position brings a sharper focus to Romney's campaign. The two halves together produce a noticeably different outcome from the one proposed by President Obama. Neither Obama nor Ryan would achieve a balanced budget, even by 2022. But under the VP contender's plan, the red ink would flow at nearly half the rate of the president's. Read More
2012 Economic Growth Fellow
John Prestbo is retired as editor and executive director of Dow Jones Indexes. Previously he was markets editor at The Wall Street Journal. He has co-authored or edited several books over the past 30 years. The most recent is “The Market’s Measure: An Illustrated History of America Told Through the Dow Jones Industrial Average,” published in 1999 by Dow Jones Indexes. His column, Indexed Investor, appears on the highly regarded “MarketWatch” business and finance website. He received his bachelor's and master's degrees from Northwestern University.Full Bio
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.