Budget & Spending Legislative Alerts
resh off from its nine month reauthorization thanks to free riding on the must pass resolution to continue funding the federal government, the Export -Import Bank is back up to its old tricks – awarding taxpayer backed goodies to some questionable foreign recipients. This time those goodies came in the form of recently announced handouts to Pemex, the infamous Mexican State owned Oil Company, that cashed in this month on over $1 billion dollars in long term loan guarantees from the Export-Import Bank.
Congress has returned to Washington after a 5 week hiatus to deal pressing problems facing the nation both here at home and abroad. Unfortunately, the definition of what constitutes a pressing issue is often different in Washington’s marbled halls than in Main Street America. In no case is that more clear than with the last minute extension of the controversial Export-Import Bank.
Dear Members of the United States Congress: On behalf of 2.5 million activists in all fifty states, Americans for Prosperity urges you to consider the following principles as you consider legislation providing funding following September 30. Extend current spending levels into the 114th Congress. While current spending levels are already too high, the legislature should […]
By Erin Amsberry A recent study conducted by Truth in Accounting named Missouri “a sinkhole state” as it came in ranked as the 31st worst state in the nation for financial stability. Even though Missouri has measures in place that require legislators to balance the budget, their misleading ways of accounting allow Missouri’s financial situation […]
Much has been written over the costs and shortcomings of the beleaguered bank as well as its corporate welfare aspects. In fact, one notable politician called Ex-Im “little more than a fund for corporate welfare” – but that was before he was elected president. What has been less discussed, however, is that for every job the Ex-Im bank “supports “it destroys as many, if not more, American jobs.