The SNAP Trap, “Non-Excessive” Funding
Fiscal policy / Regulation

The SNAP Trap, “Non-Excessive” Funding

Supplemental Nutrition Assistance Program The 2009 Recovery Act was scheduled to have its boost to Supplemental Nutrition Assistance Program (SNAP) reduced when it expired on November 1. For households of three, this will be reduced by $29/month reducing monthly assistance from $63 to $37, Single person households’ SNAP benefits will be cut $11/month, and two-person … Continue reading

Egoism Over Action: The Thoughtlessness Behind the Latest Budget Talks
Debt / Economy / Fiscal policy

Egoism Over Action: The Thoughtlessness Behind the Latest Budget Talks

For those in the D.C. metro area, this month has been pretty normal. Employees were furloughed. The government shut down. Partisan bickering continued. The city was placed on high alert after a failed attempt to break through White House security, which led to a car chase down Constitution Avenue. Congressmen realized their approval ratings would … Continue reading

The Farm Bill: Convenient Coalition or Market Manipulation?
America / Fiscal policy / Tax / U.S. Senate

The Farm Bill: Convenient Coalition or Market Manipulation?

In early June, a coalition of urban and rural politicians in the Senate banded together to pass the Farm bill, a legislative piece that distributes welfare benefits to an unlikely pair: wealthy agro-businesses and the inner-city poor. Although widely popular among constituents, a common sense look at the bill reveals serious flaws. The Senate’s version … Continue reading

Why Senator Warren’s Student Loan Proposal Doesn’t Add Up
Economy / Education / Fiscal policy

Why Senator Warren’s Student Loan Proposal Doesn’t Add Up

Last week, Senator Elizabeth Warren (D-Mass) unveiled her first piece of legislation on the Senate floor — a proposal to allow students to borrow at the same rates as banks. While this move galvanizes the populist movement, the economics behind it does not quite add up. The interest rate on direct subsidized loans for undergrads … Continue reading

The Impact of the President’s New Budget on future STEM Education
Education / Fiscal policy

The Impact of the President’s New Budget on future STEM Education

On Wednesday, April 10th, President Obama released his $3.77 trillion budget, as the president begins the arduous process of getting it passed through the Republican controlled House of Representatives.  In regards to education, the new budget contains very similar rhetoric used by the president during his 2013 State of the Union Address. For example, the … Continue reading

If the Senate passes a bill to end the big-bank subsidy and nobody notices, does it matter?
America / Economy / Fiscal policy

If the Senate passes a bill to end the big-bank subsidy and nobody notices, does it matter?

Last Friday, among the flurry of amendments that the Senate passed before it adjourned for a two-week recess, the Brown-Vitter amendment, which pledged to end funding advantages to banks with more than $500 billion in assets, passed in a 99-0 vote. Great, right? Senator Vitter, one of the co-authors of the amendment, stated afterwards, “This … Continue reading