May 13, 2013
NSA statement: "One of the biggest misconceptions about [the] National Security Agency is that we are unlawfully listening in on, or reading emails of, U.S. citizens. This is simply not the case."
IRS head of tax-exempt groups Lois Lerner: "That was wrong. That was absolutely incorrect, it was insensitive and it was inappropriate. That's not how we go about selecting cases for further review. The IRS would like to apologize for that."
What if that spending apparently takes away resources from the private sector? Is government spending then truly a measure of economic health? A new ALG study investigates Keynes' chief claim.
"How much of the 2.7 percentage point drop in labor force participation since 2007 reflects structural forces rather than weak demand discouraging workers? Second, is the key structural element mostly the aging of the U.S. population or is it the shift of the workforce into Social Security disability?"