The Export Import Bank’s charter officially expired at midnight, leaving it unable to process or make any new loans. The expiration of the bank’s charter is a victory for taxpayers, whose hard earned dollars have gone to an institution that has long been a vehicle for corporate welfare and become increasingly mired in corruption scandals. […]
Eric Peterson America 1 China 0. With a dominating performance on Friday in the Women’s World Cup, the American team moved one step closer to making World Cup history by knocking out China and moving into the semi-finals. But last week’s victory isn’t the only U.S.-China related development making its way into the news cycle. […]
The Prosperity Podcast is finally back and just in time. With the court ruling on King V Burwell and a host of other important issues going on in Washington staying informed will be crucial for your 4th of July BBQ. American’s for Prosperity Director of Policy joins new host Ed Dean to discuss these breaking […]
Last week, the non-partisan Congressional Budget Office (CBO) released its 2015 Long-Term Budget Outlook. The fiscal health of the United States remains immensely affected by the out of control government spending during the recent recession. Between 2008 and 2012, deficits grew to an unprecedented $5.6 trillion. These massive yearly deficits nearly doubled the U.S. debt in that time. With record-high federal debt held by the public and a grim outlook presented by the CBO, Washington must evaluate policy changes in order to avoid another fiscal crisis.
If you had to name a theme for Obama’s second term, it would be regulatory overreach. Despite the repeated rejection of the President’s most controversial proposals by lawmakers, Mr. Obama has turned to his “pen and his phone” (and the vast government bureaucracy he controls) to enact his extreme and often unpopular agenda. Examples of the kind of executive overreach that have come to define his presidency include unilateral changes to Obamacare, sweeping new rules issued by the FCC designed to impose centuries railroad-style regulations on the internet, and the far-reaching and expensive red tape he is seeking to impose on our electricity grid including airline emissions, trucking companies, and even humble wood-burning stoves. The latest overreach, however, may quite literally take the cake and comes to us courtesy of the Food and Drug Administration. This sweeping regulation will directly affect what kinds of food we are allowed to purchase at our neighborhood grocery store.