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  • Green Light for Detroit Bankruptcy: Time for Unions to Come to the Table

    Federal Judge Steven Rhodes’s ruling to allow the City of Detroit to proceed with its bankruptcy filing is a welcome—even momentous—occasion for Detroit. It means the city will be able to restructure its $18 billion in debt, the first step in the challenging process of rebuilding the city and reforming … More

    As Detroit Goes, So Goes the Nation

    Detroit is the poster child for economic decline. The city’s policies and politics over the past half-century should serve as a “do not” guide for policymakers across the country. There’s a great deal lawmakers in Washington can learn. The first is understanding that Detroit’s demise was the result of big-government, … More

    Detroit Today, Illinois Tomorrow

    Detroit’s bankruptcy petition last week was far from a surprise, but what should be noted is that it is the first of what will likely be a major wave of municipalities and states that will follow behind. Specifically, President Obama’s home state of Illinois. Many wonder why Detroit waited so … More

    Detroit Bankruptcy Is No Time for Federal Bailouts

    The city of Detroit filed for Chapter 9 bankruptcy protection yesterday with some $18 billion in debt, making it the largest municipal bankruptcy in the United States. There will inevitably be calls for the federal government to bail out Detroit. Washington should set a firm precedent now that it will … More

    Equal Pay Act: No Need for a Next Generation

    Today, the Equal Pay Act becomes middle aged. This law made it unlawful to pay women lower wages based on sex. It was passed in the early 1960s, a time when there were far fewer women in the workforce. Today they make up nearly half of the workforce. Given the … More

    House Appropriations Plan Delivers Sequestration Cuts and Protects Defense

    In a refreshing break from tradition, the House Appropriations Committee approved a $967 billion discretionary spending plan that would stay within the fiscal year 2014 sequestration spending levels. The measure would protect defense from further cuts and instead deliver the total savings through reductions to domestic discretionary programs. It was … More

    Budgets in Comparison: Will President Obama’s Budget Save the American Dream?

    When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly passed a budget according to law. Never mind that the President’s budget is supposed to lead Washington budget discussions, rather than follow. The key question … More

    Morning Bell: First Look at the 2014 Ryan Budget

    At first look, the budget unveiled today by House Budget Committee Chairman Paul D. Ryan (R-WI) advances much-needed reforms and importantly accomplishes the crucial goal of balancing the budget within the decade, though this is partially on the coattails of Obama’s tax increases. Not a silver bullet, it is more … More

    Will Debt Ceiling Baby Step Lead Toward a Balanced Budget?

    The debt ceiling is bearing down on Washington. As with most such momentous occasions, plenty of partisan potshots have been exchanged, like this whopper from the White House: that House Republicans who are demanding spending reductions in exchange for increasing the debt limit would compromise the full faith and credit … More

    Obama’s “Lucy Move the Football” Fiscal Cliff Plan Still Not Balanced

    Volleys of negotiating counter-offers are coming in faster now that Christmas break and the looming fiscal cliff are just around the corner. While there is much unsatisfactory with Speaker of the House John Boehner’s (R–OH) Sunday night proposal, let us not forget that the reason we are watching this needless, … More