fiscal policy
Schoolhouse Rock On Out of Control Spending
25/01/10 20:23
I think this video should be required viewing for all members of Congress:
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Economic Freedom Is Shrinking
21/01/10 15:55
The Heritage Foundation recently released it's 2010 Index of Economic Freedom. Not surprisingly, the United States has fallen from #6 to #8. CANADA has more economic freedom than we do!!
2010 Index of Economic Freedom
Even more disparaging are President Obama's comments today re: Bank Regulations. He wants to chip even more of that economic freedom away by regulating how large banks can get and stopping banks from proprietary trading, i.e.-hedge funds. This is in addition to his plan for a special tax on banks to pay for TARP. The tax will apply to all banks even those that didn't participate in TARP.
November 2010 can't come fast enough. I hope Republicans have learned their lesson on spending and regulating.
2010 Index of Economic Freedom
Even more disparaging are President Obama's comments today re: Bank Regulations. He wants to chip even more of that economic freedom away by regulating how large banks can get and stopping banks from proprietary trading, i.e.-hedge funds. This is in addition to his plan for a special tax on banks to pay for TARP. The tax will apply to all banks even those that didn't participate in TARP.
November 2010 can't come fast enough. I hope Republicans have learned their lesson on spending and regulating.
Obama's Fiscal Fantasy World
07/01/10 08:19
Karl Rove has a good op-ed in today's Wall Street Journal entitled Obama's Fiscal Fantasy World. He notes the debate over what to do what repaid TARP funds which are legally required to be used to reduce the deficit, but Democrats are salivating over as more money to spend.
Everyone knows that once Congress has its hands on money it NEVER gives it back. But the TARP dilemma will be especially fun to watch Democrats try to navigate in an election year. According to most polls moderate Democrats and Independents are overwhelming concerned about spending, jobs and the economy. This seems to be a situation where you give the liberals enough rope and they'll hang themselves with it.
Mr. Obama is thinking of tapping another pocket of cash. Now that the banks are repaying—with interest and dividends—the $240 billion the Bush administration lent them, the Obama administration is considering recycling those dollars into new spending on "green" technology and more stimulus, despite provisions Congress wrote into the law creating the Troubled Asset Relief Program that requires that repaid TARP funds be used exclusively for deficit reduction.
Everyone knows that once Congress has its hands on money it NEVER gives it back. But the TARP dilemma will be especially fun to watch Democrats try to navigate in an election year. According to most polls moderate Democrats and Independents are overwhelming concerned about spending, jobs and the economy. This seems to be a situation where you give the liberals enough rope and they'll hang themselves with it.