Politicians used the largest spending bill in U.S. history to force through a wide variety of earmarks and partisan boondoggles on the backs of future taxpayers.
Unfortunately the largest spending package in American history is ample with corporate handouts, opening a potential minefield of corporate irresponsibility.
David McIntosh joins Christopher Bedford to discuss the consequences of an economic shutdown and Congressional bailouts amid the coronavirus quarantine.
If cash transfers to failing businesses are now a given any time the economy is in crisis, then where is the bailout for small businesses?
While it remains a favorite policy prescription for politicians eager to appear as salvific heroes in times of need, it is untenable as a serious idea to stimulate anything except our national debt.
The stimulus approach fails to address the fundamental causes of the economic downturn, while it balloons the deficit to no good end.
The House speaker not only wants to use the coronavirus pandemic to entrench Obamacare, she wants to make taxpayers fund abortion in the process.
The Treasury secretary isn’t proving up to the job of actually helping America, and it’s time to replace him with proven winners.
Instead of bailouts, Congress should create new safety net programs that largely recover the cash relief from the same households and businesses that receive taxpayer support.
Congressional leaders are likely to make a very ugly bailout deal, and if it passes, America may be unrecognizable after this pandemic.
Federal and state governments are making a massive gamble about a little-understood new virus. They are betting our future on the most extreme worst-case scenario without considering the costs.
Lawmakers always feel the need to ‘do something,’ seemingly irrespective of what that ‘something’ is. The current pandemic only exacerbates that dilemma.
Like the New Deal, every additional billion dollars in stimulus and bailout spending will further delay the economic recovery we all want and need.
The leaders of both parties made getting Congress out of town a bigger priority than giving lawmakers the time to do their due diligence.
Judging from her initial bid in the ‘stimulus’ wars, Nancy Pelosi has taken Rahm Emanuel’s advice never to let a serious crisis go to waste.
The federal student loan program has enriched Sallie Mae, private banks, and colleges, but exposed U.S. taxpayers to enormous financial risk.
Federal spending cannot and will not stimulate the economy. That is one thing from the Recovery Act you can take to the bank.
Hedge funds make billions by buying large stakes in American companies, then firing workers, driving up short-term share prices, and destroying middle-class communities at the same time.
The political goal of handouts is another example of how Trump thinks he can throw around billions of dollars, seized by the government through taxes, to get whatever he wants.
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