It is only fair for taxpayers to expect to benefit if hundreds of billions of dollars of their money is used to purchase poor quality debt from financial services firms. However, taxpayer profit sharing must be carefully structured to avoid endangering the economy’s recovery by discouraging firm’s to participate in …
In the previous post we enumerated what any financial clean up legislation must have to earn conservative support. But as important as federal action is, there is a strong possibility that further government intervention will only make the situation worse. To make sure this does not happen, and deal must …
Congressional Democrats think they have spotted an opportunity. With lawmakers and the American public focused on the pressing financial crisis, both Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Harry Reid (D-NV) are rushing another massive spending bill through Congress. In ordinary times these bills would be debated at length …
According to Rasmussen Reports only 30% of Americans currently support a government clean up of the financial system. The reason why? 50% of Americans “say it’s better for the government to let the companies that made financial mistakes go bankrupt.” As a general rule, we agree with this principle. However, …
School Choice Q & A – Cato-at-Liberty This year’s SPN K-12 Education Reform Summit delivered yet another line-up of great information and hard questions. I’d like to follow up, belatedly, on one of the most important questions raised during the conference; are education tax credits more viable than vouchers?… A …
