Abby McCloskey, Forbes, December 15, 2014
"Deficits will begin to grow again in 2016 as the government increasingly spends more than it takes in. By 2024, the federal deficit is expected to double to $960 billion, and go upwards from there. Without reform, the CBO projects that the federal budget will deteriorate to levels never before seen in this country with “significant negative consequences” for the American people.
Abby McCloskey, Forbes, January 19, 2015
"On Tuesday, President Obama will give his State of the Union address. He is widely expected to introduce new policies, such as free community college and higher taxes, and to celebrate recent improvements in the economy.
In advance of his remarks, here are four charts to take note of."
Abby McCloskey, Forbes, February 11, 2015
"The rise of single motherhood is one of the most important socioeconomic phenomena of our time. The percentage of homes headed by a single mother has more than doubled since the 1980s, with single mothers now accounting for 25% of U.S. households.
This trend has too often fallen outside of conservatives’ policy focus, which tends to center on marriage and traditional family values. But it should not be overlooked."
Abby McCloskey, Forbes, February 18, 2015
"There has been much discussion about the unemployment rate and its accuracy. The unemployment rate has fallen to 5.7% from double-digit highs during the Great Recession. But Gallup’s CEO called the unemployment rate a big lie, estimating that as many as 30 million Americans are out of work or underemployed.
Who’s right?"
Abby McCloskey and Paul Kupiec, America Banker, August 11, 2014
"Last Tuesday, the Federal Reserve and the Federal Deposit Insurance Corp. rejected the living wills of 11 of the biggest bank holding companies in the U.S. This gives regulators inordinate control to restructure the companies as they see fit.
Abby McCloskey, Forbes, March 6, 2015
" Three important factors essentially remain unchanged: wage growth, long-term unemployment and workforce participation."
Abby McCloskey and Aparna Mathur, U.S. News & World Report, June 30, 2014
"Policies put into place by liberals and conservatives alike have discouraged women’s labor force participation, and no one is talking about it."
Hester Peirce & Abby McCloskey, Real Clear Markets, May 21, 2014
"Want more accountability of Wall Street? Start with their regulators. Financial regulators are rewriting the rules of finance with little to no consideration about how their actions will impact the economy. The result is unnecessary and potentially serious costs on consumers, investors, and economic growth.
Aparna Mathur & Abby McCloskey, National Review Online, March 20, 2014
"It’s no secret that opportunity in the U.S. is staggeringly low. Studies suggest that mobility is lower in America than in other developed countries, and according to the Pew Charitable Trusts 70 percent of children born into poverty here will not make it to the middle class. Contrary to popular belief, mobility hasn’t actually gotten worse over the last several decades, according to a recent paper by Harvard economist Raj Chetty and his colleagues — but that’s hardly any consolation.
Abby McCloskey, National Review, January 16, 2014
"But it’s far from widely agreed that the minimum wage is a good policy tool. Opponents believe that higher mandated wages will cause employers to fire some workers, or not hire additional ones. Proponents argue that these disemployment effects are small. But this debate misses the key point: Even if the minimum wage works as its advocates claim, it is a highly ineffective anti-poverty tool."
Abby McCloskey, American Banker, August 6, 2013
"No one is shedding tears over banks being designated systemically important under Dodd-Frank, but they should. Most designees had nothing to do with the financial crisis and don't pose a threat to economic stability, but they're subject to the full brunt of Dodd-Frank's rules.
The result? There's less competition and supervision for banks widely regarded as "too big to fail" the exact opposite of what policymakers intended."
Abby McCloskey, Forbes, September 26, 2013
"Low-income people, young people, and minorities have seen a dramatic drop in the financial products and services available to them since the crisis. Nearly one million people were shut out of mainstream banking completely from 2009 to 2011, according to the Federal Deposit Insurance Corporation.
Abby McCloskey, Forbes.com, January 27, 2015
"The government should not be in the business of telling companies what level of pay and benefits to provide. Because the level of skill, time worked at a company, a company’s tight budget, or various other reasons, it may be infeasible for a company to offer pay or time off for an extended period of time without receiving something in return. This is why government mandates tend to be accompanied by folks losing their jobs or receiving lower wages, especially those who are low-skilled.
If Americans believe that paid maternity leave is a public good – a point open for debate – then it should be structured as a public benefit."
