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.
Billions Wasted in Iraq
When President Obama marked the end of combat operations in Iraq in a speech on August 31, 2010, he spoke at length on America’s lasting legacy in the country. Unfortunately for taxpayers, part of that legacy includes billions in waste, dating back to the beginning of the reconstruction effort.
Air Force Tanker Struggling to Lift Off
Replacing the aging fleet of aerial refueling tankers has been an Air Force priority since 2002. In that year, Congress approved funding for Boeing to lease up to 100 767s to replace the 50-year-old KC-135 tankers. However, the deal fell apart in a 2004 bribery scandal in which a top Pentagon procurement officer and a senior Boeing official were convicted and served prison sentences.
Spending Revolt Bus Across America
Fed up with excessive government spending, the Council for Citizens Against Government Waste (CCAGW), Americans for Prosperity, the 60 Plus Association, Concerned Women for America, and AmericaSpeakOn.org have joined forces to create a new website, www.spendingrevolt.com and go on a multi-state bus tour to educate and activate taxpayers. The wake-up tour is intended to arm Americans with facts and figures about government spending so they can change their spending habits in Washington.The busmeasures 70 feet long and has space for people to write “personal messages” to their elected officials.
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.
The Fannie and Freddie Meltdown: Picking Up PACE
On September 6, 2008, the nation’s two largest housing government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac were taken under conservatorship by the U.S. Treasury.
Flood Insurance Still Soaks the Taxpayer
In early July, politicians in Washington, D.C. missed an opportunity to improve the failing National Flood Insurance Program (NFIP) when Congress passed another short-term reauthorization that expires on September 30, 2010. A second bite at the apple was even more misguided when on July 15, 2010, the House passed H.R. 5114, the Flood Insurance Reform Priorities Act, a five-year reauthorization of the NFIP, which expanded the program.
Government Acquisition Waste
When purchasing necessary items, the government buys from private businesses, both large and small. For contracts greater than $100,000, companies go through a convoluted and highly regulated bidding process, which allows losing bidders to file a protest with the Government Accountability Office (GAO). The protest filing procedures are complicated and costly. Although the number of […]
Making Fiscal Sense in New Jersey
Politicians frequently stand on soapboxes and tell voters what they want to hear, but often fail to back their words up with action after they are elected. President Obama did this during the 2008 presidential race when he promised that people would be able to keep their doctor if healthcare reform passed and assuredeveryone making less than $250,000 thatthey would not be hit with any new tax increases. Now that the healthcare bill has passed,citizens are discovering that that their doctors are dropping private insurers and most taxpayers will have to pay moreto provide health benefits for everybody.
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.