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.
Opposition to a recent energy law passed in Ohio has led to allegations of Chinese interference in American politics.
Democratic contenders for the presidential nomination are talking a lot about higher education, and it seems they want ‘free’ everything except for speech.
Just as with every other spending decision in life, not every prospective college kid can afford his or her ‘dream school.’ Adults need to help students make prudent choices about their financial future.
Part Two of the original proposal was that the federal government would pay for the loan cancellations by eliminating most of its grants to higher education institutions.
This is not a government agency sharing risk, it’s a government agency assuming virtually all of the risk associated with the higher premium costs due to the rebate rule. In other words, a bailout.
House Republican staff want to resurrect this spring’s failed Obamacare bailout, and see the health savings account provisions as a way to do so.
If CBO and House Budget are blameless, and everything about this budget change occurred in an above-board manner, they seem to have a funny way of going about proving their innocence.
In a Monday report, CBO changed the rules, and violated the law, to make it easier for Congress to pass an Obamacare bailout.
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