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Tag: Economy
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Grim Budget Projections Show Need for More Congressional Action, Less Rhetoric

Posted: July 14, 2016 at 9:47 am   /   Friends

A recently-released congressional report shows the depth of American fiscal problems and the need for lawmakers to tackle the nation’s dire financial situation. On Tuesday, the Congressional Budget Office released its 2016 Long-Term Budget Outlook. The annual publication projects the levels of U.S. spending, taxes, deficits, and the debt for the next 30 years. The […]

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Why This Senator From the Largest Coal-Producing State Opposes a Mine Worker Pension Bailout

Posted: July 13, 2016 at 3:34 pm   /   Friends

Wyoming produces 40 percent of the nation’s coal. That’s more than the next five largest coal-producing states combined. Yet, in a speech on the Senate floor Tuesday, Sen. Mike Enzi, R-Wyo., laid out why he opposes bailing out the United Mine Workers of America pension fund, and why taxpayers should too. The issue at stake […]

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Last Minute FAA Patch Comes With Some Downsides

Posted: July 13, 2016 at 9:36 am   /   Friends

The House Transportation and Infrastructure Committee released its stopgap measure to reauthorize the Federal Aviation Administration last week. The measure is a last-minute solution to avoid a funding lapse when the current authorization expires on July 15. Given the short timeline, the proposal already passed the House by voice vote on Monday and is expected […]

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He Rented Out His Condo After Losing His Job. Now Austin Wants to Ban That.

Posted: July 12, 2016 at 2:08 pm   /   Friends

For 17 years, Ahmad Zaatari has called Austin, Texas, home. It’s a fact that’s not lost on him—Zaatari has now lived in Austin longer than he’s lived in any other place, including his native Lebanon. But now, because of new regulations on rental properties put in place by the City Council, he’s not sure whether […]

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How the Federal Government Can Get Its Spending Under Control

Posted: July 12, 2016 at 1:24 pm   /   Friends

The federal government has a spending problem that threatens to swallow up the resources of the American taxpayer and crush the American economy. Congress can begin to solve this dilemma if it expands self-imposed restrictions to the part of the budget that is driving the country toward crisis. With Congress reneging on its promise to […]

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Fire Grants: Do Not Fund the Ineffective and Wasteful Program

Posted: July 12, 2016 at 7:22 am   /   Friends

In June 2016, the Department of Homeland Security Office of the Inspector General (OIG) released highly critical audits of the Assistance to Firefighters Grant (AFG) program and the Staffing for Adequate Fire and Emergency Response (SAFER) grants administered by the U.S. Fire Administration within the Federal Emergency Management Agency (FEMA). Both audits assess grants funding […]

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The Post Office Needs Transformational Reform to Survive, but Hope for Reform is Fading

Posted: July 12, 2016 at 6:16 am   /   Friends

Like the Cheshire Cat in Alice in Wonderland, postal reform in Congress seems to be fading fast with each new iteration. The latest version–put together by a bipartisan group of House lawmakers led by Rep. Jason Chaffetz, R-Utah, is the faintest yet. The bill, set to be marked up by the House Oversight Committee today […]

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House Shouldn’t Rubberstamp Senate’s Misleading GMO Bill

Posted: July 11, 2016 at 7:22 pm   /   Friends

Federal legislation that requires the labeling of genetically engineered food is making its way through Congress. This new law runs counter to science, free speech, and could harm agricultural production as well as American consumers. Last week, the Senate passed a federal mandatory GMO labeling bill. Now the House is expected to consider and pass […]

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What Government Action Poses the Greatest Risk to Growth

Posted: July 10, 2016 at 10:46 am   /   Friends

Proponents of higher government spending have used the Great Recession to argue that balanced government budgets hurt economic growth. In a new paper published by the National Bureau of Economic Research, economists Antonio Fatás and Larry Summers argue that deficit cuts during the recovery from the Great Recession, particularly in Europe, seriously hurt growth prospects […]

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