One of the more spirited public policy debates that hasunfolded leading into the midterm elections has been what Congress should do with the Bush-era tax cuts,which are set to expire at the end of this year. President Obama has stated he favors only extending tax cuts for the middle class and letting others expire, while businesses, Republicans, moderate Democrats, and taxpayer advocates maintain that anything other than a full extensionamounts to a tax increase that will only prolong the nation’s current economic woes.
Time to REIN in the Executive Branch
On September 22, Senator Jim DeMint (R-S.C.) introduced the Regulations from the Executive in Need of Scrutiny (REINS) Act as the companion bill to Rep. Geoff Davis’ (R-Ky.) legislation, H.R. 3765. The DeMint legislation aims to stop costly anti-free market and job-killing regulations that are often imposed by federal agencies without any congressional oversight.
The Perfect Storm for ESPCs
Energy Savings Performance Contracting (ESPC) is an idea whose time has come. The federal government is beyond broke. The budget deficit reached a record $1.4 trillion at the end of last fiscal year. It is projected to remain over $1 trillion annually for as long as estimators can see. This level of deficit spending will […]
Pension Precipice
It is time to stare the brutal facts in the face.
Creating More Federal Employees
The debt of our nation is soaring. The U.S. Government has spent more than $13 trillion above what it has taken in. The Obama Administration and Democratic majority in Congress have passed policies causing government to grow faster than ever adding more than $1.4 trillion in additional debt this fiscal year alone.
Congress Spends Without a Budget
Deficits are soaring and spending continues unrestrained. Americans are infuriated at a government that does not appear to care about how much is being spent or even if the spending has any relation to the amount of revenue coming into the government. Neither President Obama nor Congress appear to care how much this spending will […]
GM’s “Claims” of Repayment
During the economic crisis that unfolded over the last few years, the federal government became the lender of the last resort, not because it had any money, but because it had the ability to borrow money on behalf of the taxpayers to lend to struggling businesses.
The Ongoing Farce of the “Emergency Supplementals”
As the House of Representatives rushed to finish legislative business in advance of the Memorial Day recess, the fate of the Fiscal Year (FY) 2010Supplemental Appropriations Bill was pushed off until lawmakers returnon June 8. The bill allocates $37.5 billion to support ongoing war efforts in Afghanistan and Iraq. Unfortunately, it also piles on tens of billions of dollars in additional funding for dozens of non-emergency items, all of which add to the $1.56 trillion annual deficit and the national debt, which topped $13 trillion on May 25, 2010, according to the Congressional Budget Office.
The Congressional Pig Book in Focus
April 14, 2010 was not just the day before tax day; it wasalso the day when hard-working taxpayers got the news that$16.5 billion of their taxeswas wasted on pork-barrel earmarks with the unveiling of Citizen Against Government Waste’s (CAGW) annual expose of pork-barrel spending, the 2010 Congressional Pig Book. 2010 also marked the 20th anniversary […]
Robbing Peter to Pay Paul – Trying to Track Stimulus Money Robs Oversight of Other Federal Spending
By now, news stories related to the difficulty in tracking expenditures related to the “stimulus” spending package, or the American Recovery and Reinvestment Act (ARRA), and estimating jobs “created,” “retained,” or simply “funded” by the bill are legion, legendary; old news, in fact. President Obama swore that his administration would track “every dime” of the $862 billion spending bill. The federal government dedicated an $18 million website, www.recovery.gov., to the task of chasing down the dollars.