In budgetary terms, the Affordable Care Act (ACA) is anything but affordable. Though well-intentioned, it expands a poorly designed program and adds significant spending during a time of slow economic growth. This attempt to improve and expand health coverage to uninsured Americans is unduly expensive. In an already strained fiscal climate where the federal budget has reached … Continue reading
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
Congressman Dennis Ross (R-FL) is making efforts to relieve bipartisan stress and initiate action on reducing the nation’s debt. Earlier this week he submitted two bills that would reduce government spending, the BOLD Act and the ZERO Act. The BOLD Act seeks to reform how the government handles money by reducing the White House’s and … Continue reading
Members of Congress and President Obama are squaring off for a showdown. The US will hit the debt limit by the end of February, and with Obama insisting that he will not negotiate, “dooms day” scenarios are being predicted. Discussions of alternative solutions have yielded little in the way of progress. The idea to mint … Continue reading
Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading
On July 6, President Obama signed a bill that will hold student loan interest rates at 3.4% for the next year. Students all over the country greeted the bill with relief. With college tuition rates increasing faster than the inflation rate, students are relying more and more on loans to pay for their education. Tuition … Continue reading
By Will Portman The U.S. needs deficit reduction, but there’s such thing as too much of a good thing — or, in the case of the end-of-year “fiscal cliff” the country is approaching, implementing too much of a good thing much too quickly. In the absence of congressional action, a slew of tax increases and spending … Continue reading
