Stimulus tracking website unveils dollars to nowhere
When the $787 billion stimulus plan was announced last winter, proponents claimed it would curb unemployment and create more jobs, and both the White House and Congress assured the American public of...
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Oversight report on wasteful stimulus spending
Yesterday, Senators Coburn and McCain released an oversight report on the stimulus spending, detailing how over $7 billion has been either wasted or spent on silly and shortsighted projects....
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New details on a potential Senate jobs creation package
Congress Daily PM today has interesting details on what might constitute a new Senate Finance Committee tax package aimed at addressing job creation. The package is similar to the House’s $154 billion...
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Senate Finance Committee releases discussion draft of next stimulus
Although most of official Washington remains buried under the recent snow, the Senate Finance Committee today released a discussion draft and summary of the latest stimulus bill (dubbed a “jobs” bill...
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A Serious Look at the SAFE Banking Act
Would the current bills on financial reform have made a difference if enacted in 2007? As critics on both the left and right have pointed out, the Dodd proposal does not seriously address the size or...
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OMB Says: Yes, We’re Raising Your Taxes by Over $1.7 Trillion
Click here for a printer-friendly version of this articleIn recent months, Americans across the country have expressed increasing concern about the new tax burden that will be necessary to finance...
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Stimulus: Cure-All or Bloodletting?
Click here for a printer-friendly version of this articleOn a wet and cold December day in 1799, George Washington went out for a five hour horseback ride. At 67 years of age, the former president was...
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Did the Stimulus Work?
The White House has released a report by the Council of Economic Advisers evaluating the effects of the 2009 stimulus program:The two CEA methods of estimating the impact of the fiscal stimulus suggest...
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Federal Stimulus Kicks Costs Down the Road
Click here for a printer-friendly version of this articleToday, the House returns from its six-week summer recess to vote on an emergency spending package for the states. The measure, which includes...
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A Guide to Understanding President Obama’s Infrastructure Plan
Click here for a printer-friendly version of this articleYesterday, President Obama unveiled his “Plan to Renew and Expand America’s Roads, Railways and Runways.” While the wonk in me was glad to see...
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Dodd-Frank: Too Convoluted to Succeed
This article appears in the Autumn 2013 issue of City Journal.Five years ago this September, the Lehman Brothers investment bank collapsed. Markets around the world froze until Western governments...
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The Politics of Banking
This article appeared in National Review on April 18, 2014.If you have time to read only one book about the causes of the 2008 financial collapse, read this one. You will discover that the banking...
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Yellen Should Really Say This to College Graduates
The following is an alternative address that Janet Yellen, chairwoman of the Federal Reserve, could give to graduating students of New York University today. She is free to borrow from it or use it...
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Dysfunctional Congress Takes Aim at the Fed
Teaser: Anyone expecting the mild-mannered Federal Reserve Chairman to be treated with kid gloves at her semi-annual congressional testimony last week was mistaken. On the Senate side, Massachusetts...
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The Case For Legislative Impact Accounting
Teaser: Estimates of the total cost of regulations vary widely, but by any account, they represent a significant cost to the economy. We propose reforming the legislative and regulatory processes to...
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