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    Morning Bell: Time to Shrink the Monster

    Does the debt ceiling affect YOU? It does—in many ways. A new video by Bankrupting America uses humor to call attention to an issue that is anything but funny, and why it matters for every American household. Recent Heritage research reveals how the rising national debt hurts American families, including: … More

    Looming Student Loan Interest Rate Hike: Prudent Next Steps

    Next week, the House Education and the Workforce Committee will begin discussions about the interest rate on federal student loans, which is set to double on July 1. If this sounds like “déjà vu all over again,” that’s because it is. Around this time last year, Congress grappled with whether … More

    Small Business Administration: No Room for Sequestration Cuts?

    The White House warns that sequestration “would reduce loan guarantees to small businesses by up to $902 million”—loans that it claims are “investments that are helping grow our economy.” Setting this flawed Keynesian line of thinking aside, it’s worth investigating whether or not there is room to reduce spending at … More

    America Doesn't Need a Federal Department of Subsidies

    Politicians too often confuse “free money” with “free markets”—that is, they consider themselves pro-business when they work deals that make some businesses happy, even though it usually comes at the expense of the overall economy. So it should be no surprise that President Obama claimed in a Morning Joe interview … More

    Tales of the Red Tape #35: Reams of Simplicity from CFPB

    The Consumer Financial Protection Bureau (CFPB) is a veritable wellspring of costly dictates and regulatory excess. Among the dozens of pending regulations it has concocted is a 1,099-page proposal to streamline the mortgage process. Yes, you read that right: 1,099 pages to “streamline” the home loan experience. And get this: … More

    Hurry Up & Wait: Relief from Frank-Dodd Proposal Will Take Its Own Sweet Time in Coming

    Lawmakers say they want to speed FAST, FAST, FAST RELIEF to homeowners with mortgage woes. But the leading remedy on the Hill, the Frank-Dodd FHA Refinance Plan (H.R. 5830), will take many months before it has any effect at all. Moreover, it’s the wrong prescription. Though not as bad as … More

    More Rules to Avoid Another Housing Mess

    As Congress mulls what it can do to untangle the housing mess, it should take care to limit its largesse to helping only those people who really need help. We’ve already noted that Washington shouldn’t rush to bail out vacation homes. Or frauds. Or lenders who winked at frauds and … More