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Budget Boondoggle Award
December 11, 2008
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More than 2,700 farmers with incomes exceeding $2.5 million a year have received farm subsidy payments from the Federal Government, according to a recent report by the Government Accountability Office [GAO]. It is another example of wasteful government spending – a kind of reverse-Robin-Hood transfe...
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Federal Loans for America Auto Manufacturers
December 10, 2008
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The automotive industry legislation (H.R. 7321) being considered by the House this week provides bridge loans to the “big three” U.S. auto makers – General Motors, Ford, and Chrysler – to help them avoid bankruptcy. The measure limits compensation and other perquisites for executives of companies re...
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Budget Boondoggle Award
November 20, 2008
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Having spent billions of Federal dollars to “modernize” elections, State and local officials are finding much of that spending is actually creating the very problems it was intended to solve. Mechanical troubles, fraud, and voter confusion again this year plagued the taxpayer-funded electronic votin...
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A $300-Billion 'Stimulus' Bill, With Questionable Economic Benefit
October 22, 2008
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There should be no illusion about the $300-billion “stimulus” plan now being promoted by the Democratic Majority. It will not address the core problems of the current financial crisis and economic weakness. It may even worsen them by adding hundreds of billions of dollars to Federal deficits and deb...
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The Problem for Main Street
October 3, 2008
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INTRODUCTION To many, the major economic proposal facing Congress this week seems to have little connection with the realities of their day-to-day lives. In part, that is because the severe disruptions are occurring in a portion of the financial system that is invisible to most Americans: the credit...
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Second 'Stimulus'
September 26, 2008
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The fiscal “stimulus” bill coming to the House floor today (H.R. 7110) will bust the Majority’s budget with provisions that are not timely, or targeted, or temporary, as Democrats previously claimed to advocate for such legislation. It is mainly an infrastructure bill – most of which will take years...
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The Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009
September 24, 2008
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The huge end-of-session omnibus spending bill scheduled for consideration today was filed after 11 p.m. Tuesday, and will come to the House floor under a closed rule. As a result, Members will have had less than 24 hours to review a measure comprising 357 pages (and an additional 752 pages in the Jo...
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The Potential Budget Impact of Government Intervention
September 24, 2008
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INTRODUCTION The Bush administration’s latest proposal to shore up U.S. financial markets has led to confusion about the exact budget impact of such an action. Some have called it a “$700-billion bailout,” because the Treasury has requested authority to purchase up to that amount in mortgage-backed ...
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The Majority's Energy Bill
September 16, 2008
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Stung by criticism of their energy policy negligence, House Democrats have conjured a fig leaf measure ostensibly expanding oil drilling in the Outer Continental Shelf [OCS]. But the cynical bill getting rushed to the floor is designed to fail, assuring the Majority’s long-promised “Energy Independe...
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Failures of the Democrats' First Budget
September 9, 2008
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Today’s analysis by the Congressional Budget Office [CBO] is more than a summary of the Federal Government’s current fiscal condition. It is a report card on the first budget produced by a Democratically controlled Congress – and it shows a failing grade. After 3 straight years of significant reduct...
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