1) The Affordable Care Act, also known as Obamacare, celebrated its three-year anniversary, but a Kaiser poll shows that Americans are still divided on it. A study from the American Action Forum also estimated that the ACA has cost 111 million paperwork burden hours. 2) Cyprus re-opened its banks on Thursday, with sharp limits on … Continue reading
On Monday, March 5th the House subcommittee on Energy and Mineral resources conducted a hearing regarding offshore energy potential in the US. Recent debate over the keystone pipeline has occupied much of the president’s attention in terms of energy policy, but there is a very strong push by businessmen and environmentalists alike, pushing for greater … Continue reading
And so we enter another manufactured financial crisis here in Washington. The U.S. government is on the precipice of implementing massive spending cuts to federal programs. Totaling $1.2 trillion over the next decade, these cuts, known as (cue the headline buzzword) the “sequester,” will cut nearly every federal program’s budget by 8.2%. Both the left … Continue reading
On Wednesday, January 25, Congress voted to raise the debt ceiling to allow more government spending until about May of this year. The sequester’s forced automatic spending cuts go into effect March 27th. Debt, spending, “fiscal cliff’, budgets, etc. keep Americans on the verge of a heart attack, and many find themselves wondering: how much … Continue reading
http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl
That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.
Remember that debt limit fiasco last summer? Its repercussions still haunt us today. In order to motivate congress to come up with a cohesive debt reduction plan, the law passed to increase the debt limit stipulated that if the “super committee” failed to pass a plan by November 2011, across the board cuts (referred to … Continue reading
The CBO Financial Report for 2011 was released this week. It concludes substantially more reform is needed to address the current lack of fiscal discipline and the looming funding gap for mandatory spending programs as baby-boomers begin to retire in greater numbers. These are not new insights, and the recommendations for solving the deficit culture … Continue reading
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