House leaders have reportedly struck a deal to vote on reauthorization of the Export-Import Bank next week despite strident opposition from conservatives. Heritage’s Bryan Riley has called it the “Fannie Mae for exporters.” The Export-Import Bank provides taxpayer-subsidized loans to U.S. exporters. The bank’s charter will expire at the end …
We have had the first break in the Democratic cone of silence over President Obama’s proposed Executive Order that attempts to implement provisions of the failed DISCLOSE Act. The EO would require government contractors to report all of their contributions (including the personal contributions of their employees) to candidates, as …
It was only fitting that Stephen Colbert, host of a comedy faux news show, testified before Congress in character and make-up regarding the treatment of migrant workers. It just demonstrates how unserious Congress is with tackling our broken borders and deeply flawed immigration system. That is, if there was a …
Imagine a Congress running in a tough environment—the electorate is angry; a war is going badly; the unemployment rate remains stubbornly high. And imagine such a Congress facing the prospect of passing a nice, pre-election tax cut for all. They’d pass the tax cut faster than Speaker Nancy Pelosi (D–CA) …
The term ‘fiscal responsibility’ is en vogue in Washington these days. Lawmakers have been quick to claim they will tackle the federal government’s impending financial crisis, a claim showcased by the President’s commission to reduce the federal deficit. But Congress’ recent behavior proves they are no more serious about reining …
The President’s deficit commission met yesterday to begin its task to address the mounting fiscal crisis facing the nation. As we show in our 2010 Budget Chart Book, the estimated federal deficit in 2010 will be $1.54 trillion, and spending on entitlement programs (Medicare, Medicaid, and Social Security) and interest …
Tuesday’s election in Massachusetts sent shockwaves across Capitol Hill as voters rejected the idea that the only true course for health reform was to raise taxes, raise spending, raise premiums and put the federal government in charge of yet another unpaid-for entitlement crisis. Campaigning as the 41st vote against Obamacare …
Next week Speaker Nancy Pelosi (D-CA) is expected to attach a provision to the Department of Defense appropriations bill that would increase our national debt limit by $1.925 trillion. This debt limit raise would authorize the U.S. Treasury to borrow as much as $14 trillion, which is 30% higher than …
Congress doesn’t want you to know it, but they are about to raise the debt limit because they’ve spent the full $12.1 trillion allowed on their taxpayer-funded credit card. They’re hoping you won’t notice because they’re trying to sneak the increase into some other “must-pass” measure, such as the upcoming …
