The checks from the first stimulus package have not even been mailed yet and already the Senate is contemplating another $75 to $95 billion deficit spending spree. This time they want to give away more federal dollars in jobless benefits, food stamps, heating bills, and new infrastructure. Before Congress breaks …
The federal government is doing all it can to revive the economy and prevent the United States from dipping into a recession. Most notable is the stimulus package focused on tax rebates which, in effect, won’t actually stimulate the economy. As Roy Innis, chairman of the Congress of Racial Equality, …
When the National Intelligence Estimate announced that, “We judge with high confidence that in fall 2003, Tehran halted its nuclear weapons program,” it was the lead story in the nation’s biggest newspapers. But following congressional testimony from Director of National Intelligence Michael McConnell that only the “least significant” parts of …
Except for the Wall Street Journal and Sydney Morning Herald, none of the paper’s covering President Bush’s budget proposal want to mention the fact that $150 billion of the $400 billion projected deficit for 2008 is going to come from the economic stimulus package now being debated by Congress (and …
Among the many provisions of the Senate Finance Committee’s stimulus package is a legislative proposal to allow states to issue as much as $10 billion in new “mortgage bonds” to raise money to refinance the mortgage loans of troubled borrowers. States are already permitted limited use of such tax exempt …
Heritage Foundation Senior Policy Analyst Rae Hederman reacts to the Senate’s recently passed stimulus package: In a period of a sluggish economy, it’s disappointing that the Senate has placed special interests over what is good for the economy. While the stimulus bill passed by the House has many problems, the …
